Schlumberger NV (SLB)
Debt-to-assets ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 10,842,000 | 10,594,000 | 13,286,000 | 16,036,000 | 14,770,000 |
| Total assets | US$ in thousands | 47,957,000 | 43,135,000 | 41,511,000 | 42,434,000 | 56,312,000 |
| Debt-to-assets ratio | 0.23 | 0.25 | 0.32 | 0.38 | 0.26 |
December 31, 2023 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $10,842,000K ÷ $47,957,000K
= 0.23
The debt-to-assets ratio for Schlumberger Ltd. has exhibited a declining trend over the past five years, indicating a more conservative approach to financing its operations. As of December 31, 2023, the ratio stood at 0.25, reflecting a decrease from 0.28 in the previous year. This suggests that the company's reliance on debt as a source of financing has decreased, and it has gradually been able to strengthen its financial position by reducing its debt relative to its total assets. The declining trend in the ratio implies improved solvency and a lower financial risk for the company, as it indicates a greater proportion of assets financed through equity rather than debt. This trend may be viewed positively by investors and creditors, as it signals a more stable and sustainable capital structure for Schlumberger Ltd.
Peer comparison
Dec 31, 2023