Schlumberger NV (SLB)

Debt-to-equity 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 stockholders’ equity	US$ in thousands	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	23,760,000	23,913,000	35,852,000	36,103,000
Debt-to-equity ratio		0.54	0.58	0.61	0.59	0.60	0.72	0.79	0.86	0.89	1.08	1.23	1.26	1.33	1.38	0.42	0.99	0.62	0.68	0.47	0.46

December 31, 2023 calculation

Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $10,842,000K ÷ $20,189,000K
= 0.54

The debt-to-equity ratio of Schlumberger Ltd. has shown a fluctuating trend over the past eight quarters. The ratio decreased from 0.92 in March 2022 to 0.59 in December 2023, indicating a significant reduction in financial leverage. This suggests that the company has relied less on debt financing relative to equity during this period.

While the ratio increased gradually from 0.59 in December 2023 to 0.85 in June 2022, it remained below 1, indicating a conservative capital structure where equity financing plays a significant role.

Overall, the decreasing trend of the debt-to-equity ratio signifies a potential improvement in the company's financial risk and stability. However, it's important to monitor future trends to assess the company's long-term debt management strategy.