Schlumberger NV (SLB)

Current ratio

Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Total current assets US$ in thousands 17,718,000 15,003,000 12,654,000 12,919,000 15,530,000
Total current liabilities US$ in thousands 13,395,000 12,018,000 10,359,000 10,491,000 13,098,000
Current ratio 1.32 1.25 1.22 1.23 1.19

December 31, 2023 calculation

Current ratio = Total current assets ÷ Total current liabilities
= $17,718,000K ÷ $13,395,000K
= 1.32

The current ratio of Schlumberger Ltd. has shown a positive trend over the past five years, increasing from 1.19 in 2019 to 1.32 in 2023. This indicates that the company has improved its ability to meet its short-term obligations using its current assets.

A current ratio above 1.0 suggests that the company has more current assets than current liabilities, signifying a healthy liquidity position. Schlumberger's current ratio consistently above 1.0 indicates that it has sufficient short-term assets to cover its short-term liabilities, providing a cushion against potential financial difficulties.

The gradual improvement in the current ratio suggests that Schlumberger has managed its short-term assets and liabilities efficiently, potentially enhancing its ability to handle financial obligations in the short term. However, it's important to consider other aspects of the company's financial position in conjunction with the current ratio to gain a comprehensive understanding of its overall financial health.


Peer comparison

Dec 31, 2023


See also:

Schlumberger NV Current Ratio