Schlumberger NV (SLB)

Debt-to-capital 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 stockholders’ equity	US$ in thousands	21,130,000	21,511,000	21,071,000	20,736,000	20,189,000	19,386,000	18,608,000	18,068,000	17,685,000	17,199,000	16,325,000	15,347,000	15,004,000	13,362,000	12,762,000	12,543,000	12,071,000	11,941,000	12,040,000	15,561,000
Debt-to-capital ratio		0.34	0.36	0.37	0.34	0.35	0.37	0.38	0.37	0.37	0.42	0.44	0.46	0.47	0.52	0.55	0.56	0.57	0.58	0.29	0.50

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

The debt-to-capital ratio of Schlumberger NV has exhibited fluctuations over the past few years. It stood at 0.50 as of March 31, 2020, showing a relatively high level of debt compared to capital. Subsequently, the ratio decreased to 0.29 by June 30, 2020, indicating a reduced reliance on debt for capital financing.

Thereafter, the ratio increased to 0.58 by September 30, 2020, reflecting an elevated level of debt in the company's capital structure. From December 31, 2020, to June 30, 2021, the ratio fluctuated slightly around the 0.55 - 0.57 range.

By December 31, 2021, the debt-to-capital ratio decreased to 0.47, signaling a lower proportion of debt in the firm's capitalization. This decreasing trend continued through the next few quarters, reaching 0.34 as of December 31, 2024, indicating a consistent reduction in debt relative to capital over time.

Overall, the decreasing trend in the debt-to-capital ratio of Schlumberger NV suggests a potential shift towards a more conservative capital structure with lower reliance on debt financing.