Schlumberger NV (SLB)

Debt-to-equity 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-equity ratio		0.52	0.54	0.60	0.89	1.33

December 31, 2024 calculation

Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $11,023,000K ÷ $21,130,000K
= 0.52

The debt-to-equity ratio of Schlumberger NV has shown a decreasing trend over the past five years, indicating an improvement in the company's financial leverage and solvency position.

As of December 31, 2020, the ratio stood at 1.33, suggesting that for every dollar of equity, the company had $1.33 in debt. However, by December 31, 2024, the ratio had declined to 0.52, indicating a significant reduction in the company's reliance on debt financing relative to its equity.

This downward trajectory in the debt-to-equity ratio reflects a positive shift towards a more balanced capital structure, where the company is relying less on debt to fund its operations and investments. A lower debt-to-equity ratio is generally seen as a favorable indication of financial health and stability, as it signifies lower financial risk and potential for improved profitability.

Overall, the decreasing debt-to-equity ratio of Schlumberger NV over the past five years suggests a prudent approach to managing its financial obligations and a stronger foundation for sustainable growth in the future.