Common-Size Balance Sheet: Liabilities and Stockholders’ Equity
Quarterly Data
SLB N.V., common-size consolidated balance sheet: liabilities and stockholders’ equity (quarterly data)
Based on: 10-Q (reporting date: 2026-09-30), 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).
A fundamental shift in the capital structure is observed over the analyzed period, characterized by a consistent migration from debt-heavy financing toward a more equity-centric balance sheet. Total liabilities decreased from 69.14% of total liabilities and equity in March 2021 to 51.58% by September 2026. Conversely, total equity grew from 30.86% to 48.42% over the same timeframe, indicating a significant strengthening of the solvency position and a reduction in financial leverage.
- Long-Term Debt Reduction
- A pronounced downward trend is evident in long-term debt, excluding the current portion, which fell from 37.67% in March 2021 to 19.83% in September 2026. This suggests a strategic prioritization of deleveraging, as the company systematically reduced its long-term borrowing obligations relative to its total asset base.
- Growth in Retained Earnings
- Retained earnings exhibit a steady and significant increase, rising from 16.99% in March 2021 to 33.82% in September 2026. This expansion indicates sustained profitability and a consistent accumulation of earnings within the company, which has served as the primary driver for the growth in total stockholders' equity.
- Current Liability Dynamics
- Current liabilities remained relatively stable, fluctuating between 21.47% and 30.68%. Accounts payable and accrued liabilities consistently represent the largest component of current obligations, generally maintaining a range between 18% and 23%. Short-term borrowings showed volatility, peaking at 7.09% in March 2024 before stabilizing around 2.94% by September 2026.
- Treasury Stock and Share Buybacks
- Treasury stock patterns indicate fluctuating share repurchase activity. After reaching a low of -1.11% in March 2024, the percentage increased to -8.36% by September 2026, suggesting an acceleration in share buybacks during the latter part of the period.
- Other Equity and Liability Components
- Accumulated other comprehensive loss remained a persistent negative factor, generally oscillating between -7% and -11%. Noncurrent liabilities, beyond long-term debt, showed a gradual decline from 45.65% to 25.32%, further contributing to the overall reduction in total liabilities.
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