Common-Size Balance Sheet: Assets
Quarterly Data
SLB N.V., common-size consolidated balance sheet: assets (quarterly data)
Based on: 10-Q (reporting date: 2026-06-30), 10-Q (reporting date: 2026-03-31), 10-K (reporting date: 2025-12-31), 10-Q (reporting date: 2025-09-30), 10-Q (reporting date: 2025-06-30), 10-Q (reporting date: 2025-03-31), 10-K (reporting date: 2024-12-31), 10-Q (reporting date: 2024-09-30), 10-Q (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31).
An analysis of the common-size balance sheet reveals a strategic shift in asset allocation, characterized by a gradual increase in the proportion of current assets and a corresponding decrease in noncurrent assets over the observed period.
- Liquidity and Current Asset Composition
- Total current assets exhibited a steady upward trend, rising from 30.47% in March 2021 to a peak of 37.95% by December 2024, before stabilizing between 35% and 36% through June 2026. A primary driver of this increase was the growth in receivables, which climbed from 12.53% to consistently reside above 16% after 2022, suggesting an expansion in credit sales or a lengthening of the collection cycle. Cash holdings also increased from 3.02% to a peak of 7.24% in December 2024, while short-term investments generally declined from 3.91% to 2.39% by June 2026, indicating a preference for immediate liquidity over short-term interest-bearing instruments.
- Noncurrent Asset Dynamics
- Noncurrent assets experienced a consistent contraction, decreasing from 69.53% in March 2021 to 63.55% by June 2026. This decline is attributed to a gradual reduction in fixed assets, which moved from 15.75% to 13.95%, and a notable decrease in other assets, which fell from 9.86% to 7.16%. Goodwill remained a dominant and relatively stable component of the balance sheet, fluctuating within a narrow range between 28.62% and 31.75%.
- Intangible Asset Volatility
- Intangible assets showed a prolonged downward trend, decreasing from 8.08% in early 2021 to a low of 5.93% by June 2025. However, a sharp reversal occurred in September 2025, where the proportion spiked to 9.24% and remained elevated near 8.78% through June 2026, suggesting a significant acquisition or revaluation of intangible assets during that period.
- Inventory Management
- Inventories remained relatively stable as a percentage of total assets, fluctuating between a low of 7.86% and a high of 9.79%. This consistency indicates that inventory levels have grown in proportion with the total asset base, maintaining a stable operational footprint relative to overall company size.
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