Schlumberger NV (SLB)
Quick 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 | 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 |
| Receivables | US$ in thousands | 8,011,000 | 8,260,000 | 8,605,000 | 8,222,000 | 7,812,000 | 8,049,000 | 7,675,000 | 7,578,000 | 6,766,000 | 6,650,000 | 6,247,000 | 5,713,000 | 5,315,000 | 5,349,000 | 5,347,000 | 5,269,000 | 5,247,000 | 5,552,000 | 5,808,000 | 7,486,000 |
| 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 |
| Quick ratio | 0.99 | 1.00 | 1.02 | 0.91 | 0.88 | 0.94 | 0.89 | 0.82 | 0.80 | 0.92 | 0.86 | 0.78 | 0.82 | 0.85 | 0.91 | 0.83 | 0.79 | 0.81 | 0.81 | 0.82 |
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, also known as the acid-test ratio, is a financial metric used to assess a company's short-term liquidity position by measuring its ability to meet its current liabilities with its most liquid assets.
Looking at the quick ratio trend for Schlumberger NV from March 31, 2020, to December 31, 2024, we can observe fluctuations in the ratio. The quick ratio ranged from a low of 0.78 on March 31, 2022, to a high of 1.02 on June 30, 2024.
A quick ratio below 1 indicates that the company may have difficulty meeting its short-term obligations with its liquid assets alone. Schlumberger NV's quick ratio stayed consistently below 1 for the majority of the period, implying a potential liquidity challenge in covering immediate liabilities.
It's worth noting that while the quick ratio improved towards the end of the period, reaching 1.02 on June 30, 2024, it slightly declined to 1.00 on September 30, 2024. This improvement suggests that Schlumberger NV may have enhanced its liquidity position and ability to cover its short-term liabilities with its liquid assets.
Overall, an analysis of Schlumberger NV's quick ratio indicates fluctuations in its liquidity position over the period, with improvements in the later years. However, continuous monitoring of this ratio is essential to ensure the company maintains a healthy liquidity position to meet its short-term obligations effectively.
Peer comparison
Dec 31, 2024