Schlumberger NV (SLB)

Debt-to-assets 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
Long-term debt	US$ in thousands	11,023,000	11,864,000	12,156,000	10,740,000	10,842,000	11,147,000	11,342,000	10,698,000	10,594,000	12,452,000	12,946,000	13,163,000	13,286,000	14,370,000	15,687,000	15,834,000	16,036,000	16,471,000	5,000,000	15,409,000
Total assets	US$ in thousands	48,935,000	49,775,000	49,373,000	47,856,000	47,957,000	45,813,000	44,826,000	43,855,000	43,135,000	44,093,000	42,827,000	41,967,000	41,511,000	41,038,000	40,908,000	42,036,000	42,434,000	44,066,000	44,667,000	48,594,000
Debt-to-assets ratio		0.23	0.24	0.25	0.22	0.23	0.24	0.25	0.24	0.25	0.28	0.30	0.31	0.32	0.35	0.38	0.38	0.38	0.37	0.11	0.32

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 shown some fluctuations over the quarters from March 31, 2020, to December 31, 2024. The ratio started at 0.32 as of March 31, 2020, decreased to 0.11 by June 30, 2020, before rising to 0.38 by December 31, 2020.

Throughout 2021 and the first half of 2022, the ratio remained relatively stable at around 0.38. However, starting from September 30, 2022, the ratio started to decrease gradually, reaching 0.23 by December 31, 2024.

Overall, the decreasing trend in the debt-to-assets ratio indicates that Schlumberger NV has been reducing its debt relative to its total assets over the quarters, which could potentially signal a strengthening financial position in terms of debt management and asset utilization.