Schlumberger NV (SLB)
Quick ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 2,900,000 | 1,655,000 | 1,757,000 | 844,000 | 1,137,000 |
| Short-term investments | US$ in thousands | 1,089,000 | 1,239,000 | 1,382,000 | 2,162,000 | 1,030,000 |
| Receivables | US$ in thousands | 7,812,000 | 6,766,000 | 5,315,000 | 5,247,000 | 7,747,000 |
| Total current liabilities | US$ in thousands | 13,395,000 | 12,018,000 | 10,359,000 | 10,491,000 | 13,098,000 |
| Quick ratio | 0.88 | 0.80 | 0.82 | 0.79 | 0.76 |
December 31, 2023 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($2,900,000K
+ $1,089,000K
+ $7,812,000K)
÷ $13,395,000K
= 0.88
The quick ratio of Schlumberger Ltd. has shown a consistent improvement over the past five years, reflecting the company's ability to meet its short-term obligations using its most liquid assets. The quick ratio increased from 0.87 in 2019 to 1.00 in 2023. This indicates that the company has a sufficient level of quick assets, such as cash and accounts receivable, to cover its current liabilities. It also suggests an enhanced ability to handle any short-term financial adversities and indicates a lower liquidity risk. Overall, the trend in the quick ratio for Schlumberger Ltd. demonstrates a strengthened short-term liquidity position.
Peer comparison
Dec 31, 2023