Schlumberger NV (SLB)
Financial leverage ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 47,957,000 | 43,135,000 | 41,511,000 | 42,434,000 | 56,312,000 |
| Total stockholders’ equity | US$ in thousands | 20,189,000 | 17,685,000 | 15,004,000 | 12,071,000 | 23,760,000 |
| Financial leverage ratio | 2.38 | 2.44 | 2.77 | 3.52 | 2.37 |
December 31, 2023 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $47,957,000K ÷ $20,189,000K
= 2.38
The financial leverage ratio of Schlumberger Ltd. has exhibited fluctuations over the past five years. The ratio decreased from 3.52 in 2020 to 2.37 in 2019, reflecting a reduction in the company's financial leverage. However, the ratio increased to 2.77 in 2021 before further rising to 2.44 in 2022, indicating an upward trend in financial leverage. The most recent data for 2023 shows a financial leverage ratio of 2.38. This suggests that the company's reliance on debt to finance its operations has moderately decreased compared to the previous year. Overall, the trend in the financial leverage ratio indicates varying levels of reliance on debt over the years, which may have implications for the company's financial health and risk management.
Peer comparison
Dec 31, 2023