Schlumberger NV (SLB)
Cash ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 3,544,000 | 2,900,000 | 1,655,000 | 1,757,000 | 844,000 |
| Short-term investments | US$ in thousands | 1,125,000 | 1,089,000 | 1,239,000 | 1,382,000 | 2,162,000 |
| Total current liabilities | US$ in thousands | 12,811,000 | 13,395,000 | 12,018,000 | 10,359,000 | 10,491,000 |
| Cash ratio | 0.36 | 0.30 | 0.24 | 0.30 | 0.29 |
December 31, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($3,544,000K
+ $1,125,000K)
÷ $12,811,000K
= 0.36
The cash ratio of Schlumberger NV indicates the company's ability to cover its short-term liabilities with its cash and cash equivalents. The trend in the cash ratio from December 31, 2020, to December 31, 2024, shows some fluctuations.
- Starting at 0.29 on December 31, 2020, the cash ratio increased slightly to 0.30 by December 31, 2021.
- However, by December 31, 2022, the cash ratio dropped to 0.24, indicating a potential liquidity concern as the company may have had insufficient cash to cover its short-term obligations.
- The ratio then improved back to 0.30 by December 31, 2023, suggesting a better ability to meet short-term liabilities.
- By the end of December 31, 2024, the cash ratio further increased to 0.36, indicating an even stronger liquidity position compared to the previous years.
Overall, while there were fluctuations in the cash ratio over the years, it is essential to monitor the company's ability to maintain sufficient cash levels to cover its short-term obligations effectively and ensure financial stability.
Peer comparison
Dec 31, 2024