Schlumberger NV (SLB)
Quick 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 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 | 1,137,000 | 1,183,000 | 1,466,000 | 1,230,000 |
| Short-term investments | US$ in thousands | 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 | 1,030,000 | 1,109,000 | 882,000 | 925,000 |
| Receivables | US$ in thousands | 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 | 7,747,000 | 8,332,000 | 8,471,000 | 8,171,000 |
| 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 |
| Quick ratio | 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 | 0.76 | 0.85 | 0.92 | 0.88 |
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 fluctuated over the past eight quarters. The quick ratio measures the company's ability to meet its short-term obligations using its most liquid assets. A quick ratio of 1.00 implies that the company has just enough liquid assets to cover its current liabilities.
The quick ratio peaked at 1.03 in the third quarter of 2022, indicating a strong ability to meet short-term obligations. However, it declined to 0.89 in the first quarter of 2022, signaling a potential strain on liquidity. The downward trend continued until the second quarter of 2023, but it rebounded to 1.02 in the third quarter of 2023.
The fluctuation in the quick ratio suggests variability in the company's ability to manage short-term obligations. Further analysis of the underlying components of current assets and liabilities could provide insights into the factors driving these fluctuations and the company's liquidity position.
Peer comparison
Dec 31, 2023