Schlumberger NV (SLB)
Quick ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cash | 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 |
| Receivables | US$ in thousands | 8,011,000 | 7,812,000 | 6,766,000 | 5,315,000 | 5,247,000 |
| Total current liabilities | US$ in thousands | 12,811,000 | 13,395,000 | 12,018,000 | 10,359,000 | 10,491,000 |
| Quick ratio | 0.99 | 0.88 | 0.80 | 0.82 | 0.79 |
December 31, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($3,544,000K
+ $1,125,000K
+ $8,011,000K)
÷ $12,811,000K
= 0.99
The quick ratio of Schlumberger NV has shown a fluctuating trend over the past five years. Starting at 0.79 in December 2020, it increased slightly to 0.82 by December 2021, before dipping to 0.80 in December 2022. Subsequently, the ratio showed improvement, reaching 0.88 by December 2023 and further increasing to 0.99 by December 2024.
The quick ratio measures the company's ability to meet its short-term obligations using its most liquid assets. A ratio below 1 indicates that the company may have difficulty meeting its short-term liabilities with its liquid assets alone. In the case of Schlumberger NV, the increasing trend in the quick ratio from 2022 to 2024 suggests an improvement in the company's short-term liquidity position, indicating a potentially stronger ability to meet its immediate financial obligations.
Peer comparison
Dec 31, 2024