Schlumberger NV (SLB)
Cash ratio
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 3,544,000 | 3,086,000 | 2,953,000 | 2,788,000 | 2,900,000 | 2,488,000 | 1,930,000 | 1,501,000 | 1,655,000 | 2,180,000 | 1,893,000 | 1,600,000 | 1,757,000 | 1,569,000 | 1,439,000 | 1,268,000 | 844,000 | 1,219,000 | 1,462,000 | 1,375,000 |
| Short-term investments | US$ in thousands | 1,125,000 | 1,376,000 | 1,050,000 | 703,000 | 1,089,000 | 1,247,000 | 1,264,000 | 1,003,000 | 1,239,000 | 1,429,000 | 923,000 | 1,049,000 | 1,382,000 | 1,373,000 | 1,243,000 | 1,642,000 | 2,162,000 | 2,618,000 | 2,127,000 | 1,969,000 |
| Total current liabilities | US$ in thousands | 12,811,000 | 12,699,000 | 12,409,000 | 12,879,000 | 13,395,000 | 12,528,000 | 12,163,000 | 12,252,000 | 12,018,000 | 11,134,000 | 10,583,000 | 10,696,000 | 10,359,000 | 9,735,000 | 8,784,000 | 9,873,000 | 10,491,000 | 11,651,000 | 11,665,000 | 13,262,000 |
| Cash ratio | 0.36 | 0.35 | 0.32 | 0.27 | 0.30 | 0.30 | 0.26 | 0.20 | 0.24 | 0.32 | 0.27 | 0.25 | 0.30 | 0.30 | 0.31 | 0.29 | 0.29 | 0.33 | 0.31 | 0.25 |
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 has fluctuated over the periods provided. The cash ratio indicates the firm's ability to cover its short-term liabilities solely with its cash and cash equivalents.
Looking at the data, the cash ratio of Schlumberger NV ranged between 0.20 and 0.36 during the period from March 31, 2020, to December 31, 2024. The lowest cash ratio was recorded on March 31, 2023, at 0.20, indicating a lower ability to cover short-term obligations with available cash. On the other hand, the highest cash ratio was reported on December 31, 2024, at 0.36, pointing towards an improved ability to cover short-term liabilities with cash reserves.
Overall, the trend in the cash ratio shows some variability, which may imply changes in the company's liquidity position over time. It is essential for investors and stakeholders to further analyze the company's cash management and overall financial health in conjunction with this ratio to gain a more comprehensive understanding of Schlumberger NV's financial position.
Peer comparison
Dec 31, 2024