Schlumberger NV (SLB)

Financial leverage 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
Total assets	US$ in thousands	48,935,000	49,775,000	49,373,000	47,856,000	47,957,000	45,813,000	44,826,000	43,855,000	43,135,000	44,093,000	42,827,000	41,967,000	41,511,000	41,038,000	40,908,000	42,036,000	42,434,000	44,066,000	44,667,000	48,594,000
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
Financial leverage ratio		2.32	2.31	2.34	2.31	2.38	2.36	2.41	2.43	2.44	2.56	2.62	2.73	2.77	3.07	3.21	3.35	3.52	3.69	3.71	3.12

December 31, 2024 calculation

Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $48,935,000K ÷ $21,130,000K
= 2.32

The financial leverage ratio of Schlumberger NV has been gradually decreasing over the past few years, indicating a improving financial health in terms of debt levels relative to equity. The ratio decreased from 3.12 as of March 31, 2020, to 2.32 as of December 31, 2024. This trend suggests that the company has been successful in reducing its reliance on debt to finance its operations and investments. A lower financial leverage ratio generally signifies lower financial risk and better ability to weather economic downturns. Overall, the declining trend in Schlumberger NV's financial leverage ratio reflects a positive trajectory in its capital structure and financial stability.