Stock Analysis on Net

SLB N.V. (NYSE:SLB)

$24.99

Common-Size Balance Sheet: Liabilities and Stockholders’ Equity
Quarterly Data

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SLB N.V., common-size consolidated balance sheet: liabilities and stockholders’ equity (quarterly data)

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Mar 31, 2026 Dec 31, 2025 Sep 30, 2025 Jun 30, 2025 Mar 31, 2025 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
Accounts payable and accrued liabilities
Estimated liability for taxes on income
Short-term borrowings and current portion of long-term debt
Dividends payable
Current liabilities
Long-term debt, excluding current portion
Postretirement benefits
Deferred taxes
Other liabilities
Noncurrent liabilities
Total liabilities
Common stock
Treasury stock
Retained earnings
Accumulated other comprehensive loss
Total SLB stockholders’ equity
Noncontrolling interests
Total equity
Total liabilities and equity

Based on: 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).


The capital structure exhibits a significant transition from a debt-heavy position toward a more equity-funded balance. Total liabilities declined consistently from 69.14% of total liabilities and equity in March 2021 to 49.83% by March 2026. Conversely, total equity increased from 30.86% to 50.17% over the same period, indicating a strategic deleveraging of the balance sheet and an increase in the company's solvency margin.

Debt and Long-Term Liability Trends
A primary driver of the reduction in total liabilities is the substantial decrease in long-term debt, excluding the current portion. This item fell from 37.67% in March 2021 to 17.73% in March 2026. This sustained downward trajectory suggests a focused effort to retire long-term obligations. Noncurrent liabilities as a whole followed this pattern, decreasing from 45.65% to 23.40%.
Equity Growth and Retained Earnings
The increase in total equity is largely supported by a strong growth trend in retained earnings, which rose from 16.99% in March 2021 to 33.69% by March 2026. This suggests consistent profitability and the retention of earnings to strengthen the equity base. While common stock as a percentage of the total decreased from 30.12% to 29.71%, the overall equity position was bolstered by the accumulation of retained profits.
Current Liability Stability
Current liabilities remained relatively stable compared to long-term debt, generally fluctuating between 21% and 30%. Accounts payable and accrued liabilities maintained a consistent presence, ranging from approximately 18% to 22%. A temporary peak in current liabilities occurred in March 2024 at 30.68%, driven in part by a spike in short-term borrowings and the current portion of long-term debt, which reached 7.09% in that same period before normalizing.
Other Equity Components
Treasury stock showed volatility, moving from -6.18% in March 2021 to a low of -1.11% in March 2024, before increasing again to -6.69% by March 2026, reflecting periodic share repurchase activity. Accumulated other comprehensive loss remained a persistent negative factor, oscillating between -7.70% and -11.67% throughout the period, which marginally offset the gains in retained earnings.