Schlumberger NV (SLB)

Current ratio

		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	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Total current assets	US$ in thousands	17,718,000	17,038,000	16,154,000	15,400,000	15,003,000	15,611,000	14,316,000	13,253,000	12,654,000	12,387,000	12,077,000	12,807,000	12,919,000	14,215,000	14,379,000	16,266,000	15,530,000	16,151,000	16,333,000	15,773,000
Total current liabilities	US$ in thousands	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	13,098,000	12,483,000	11,773,000	11,697,000
Current ratio		1.32	1.36	1.33	1.26	1.25	1.40	1.35	1.24	1.22	1.27	1.37	1.30	1.23	1.22	1.23	1.23	1.19	1.29	1.39	1.35

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 fluctuated over the past eight quarters, ranging from 1.24 to 1.40. The current ratio measures the company's ability to cover its short-term liabilities with its short-term assets. A higher current ratio indicates a stronger ability to meet short-term obligations.

In the most recent quarter, the current ratio was 1.32, indicating that the company had $1.32 in current assets for every $1 in current liabilities. This suggests a modest decline from the previous quarter's ratio of 1.36. Although the current ratio has generally remained above 1, indicating an adequate ability to cover short-term liabilities, the slight fluctuations in the ratio should be closely monitored to assess the company's liquidity and short-term financial health.