Schlumberger NV (SLB)
Financial leverage 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 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 | 56,312,000 | 57,990,000 | 70,591,000 | 70,321,000 |
| 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 |
| Financial leverage ratio | 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 | 2.37 | 2.43 | 1.97 | 1.95 |
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 shown fluctuation over the past eight quarters. The ratio, which measures the extent to which the company relies on debt to finance its assets, was 2.38 at the end of December 2023, slightly higher than the previous quarter. This indicates that for every dollar of equity, the company has $2.38 of assets supported by both debt and equity.
The trend over the past year shows a gradual increase in the ratio, from 2.44 in December 2022 to 2.38 in December 2023. This suggests that the company's reliance on debt financing has decreased slightly in the most recent quarter. However, the overall trend indicates an increasing level of financial leverage, which may signify greater financial risk as the company takes on more debt relative to its equity.
Further analysis of the company's debt structure and its ability to service and repay debt would be necessary to fully assess the implications of this trend.
Peer comparison
Dec 31, 2023