Schlumberger NV (SLB)

Debt-to-assets 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
Long-term debt	US$ in thousands	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	14,770,000	16,333,000	16,978,000	16,449,000
Total assets	US$ in thousands	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	56,312,000	57,990,000	70,591,000	70,321,000
Debt-to-assets ratio		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	0.26	0.28	0.24	0.23

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 of Schlumberger Ltd. has shown a fluctuating trend over the past eight quarters. The ratio stood at 0.25 as of Dec 31, 2023, representing a decrease from the previous quarter's figure of 0.29. This indicates that the company's proportion of debt relative to its total assets decreased during this period.

However, it's worth noting that the ratio has generally been on a slight upward trend since Mar 31, 2022, when it was at 0.32. This suggests that the company has been increasing its reliance on debt to finance its assets over the past few quarters. It would be pertinent to monitor this trend in the context of the company's overall financial strategy and market conditions.