Schlumberger NV (SLB)

Debt-to-assets ratio

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Long-term debt	US$ in thousands	11,023,000	10,842,000	10,594,000	13,286,000	16,036,000
Total assets	US$ in thousands	48,935,000	47,957,000	43,135,000	41,511,000	42,434,000
Debt-to-assets ratio		0.23	0.23	0.25	0.32	0.38

December 31, 2024 calculation

Debt-to-assets ratio = Long-term debt ÷ Total assets
= $11,023,000K ÷ $48,935,000K
= 0.23

The debt-to-assets ratio of Schlumberger NV has exhibited a downward trend over the past five years, decreasing from 0.38 on December 31, 2020, to 0.23 on December 31, 2024. This indicates that the company has gradually reduced its reliance on debt financing in relation to its total assets. A lower debt-to-assets ratio suggests a stronger financial position and less financial risk for the company, as it shows a lower proportion of assets funded by debt. Schlumberger's decreasing debt-to-assets ratio over the analyzed period may imply improved financial stability and a more conservative approach to capital structure management.