Schlumberger NV (SLB)

Debt-to-capital 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 stockholders’ equity	US$ in thousands	21,130,000	20,189,000	17,685,000	15,004,000	12,071,000
Debt-to-capital ratio		0.34	0.35	0.37	0.47	0.57

December 31, 2024 calculation

Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $11,023,000K ÷ ($11,023,000K + $21,130,000K)
= 0.34

Schlumberger NV's debt-to-capital ratio has shown a declining trend over the years based on the provided data. The ratio decreased from 0.57 as of December 31, 2020, to 0.34 as of December 31, 2024. This downward trend indicates that the company has been reducing its reliance on debt in relation to its total capital structure over the past five years. A decreasing debt-to-capital ratio can be seen as a positive signal by investors and creditors, as it signifies a stronger financial position and reduced financial risk. Schlumberger NV's declining debt-to-capital ratio suggests that the company has been effectively managing its debt levels and improving its capital structure efficiency over the period under review.