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: 2026-06-30), 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).
The capital structure exhibits a consistent shift toward a more equity-funded base over the analyzed period. Total liabilities have decreased significantly from 69.14% of total liabilities and equity in March 2021 to 50.92% by June 2026, while total equity has expanded from 30.86% to 49.08% during the same timeframe. This transition indicates a systematic reduction in financial leverage and an increase in the company's solvency profile.
- Deleveraging Trends
- A substantial reduction in noncurrent liabilities is observed, falling from 45.65% in March 2021 to 25.59% by June 2026. This is primarily driven by the decline in long-term debt, excluding the current portion, which dropped from 37.67% to 20.06%. The consistent downward trajectory of long-term debt suggests a strategic priority to reduce interest-bearing obligations.
- Equity Growth and Retention
- Total stockholders' equity demonstrates a strong upward trend, rising from 29.84% in March 2021 to 46.95% by June 2026. The primary driver of this growth is the increase in retained earnings, which nearly doubled from 16.99% to 33.69%. This pattern reflects sustained profitability and a high rate of profit reinvestment into the company's equity base.
- Current Liability Management
- Current liabilities remained relatively stable, fluctuating between 21% and 31% of the total structure. A peak was observed in March 2024 at 30.68%, coinciding with a temporary spike in short-term borrowings and current portions of long-term debt, which reached 7.09%. Accounts payable and accrued liabilities have remained a consistent component of the balance sheet, generally hovering between 18% and 22%.
- Shareholder Value and Capital Returns
- Treasury stock percentages show a general increase in negative magnitude, moving from -6.18% in March 2021 to -7.66% in June 2026. This indicates an ongoing commitment to share repurchases. Simultaneously, dividends payable have remained stable as a percentage of the total structure, staying within the 0.4% to 0.8% range, suggesting a consistent dividend policy.
- Other Liability Components
- Postretirement benefits saw a sharp decline from 2.39% in early 2021 to a low of 0.35% in 2024, before stabilizing around 0.86% in 2026. Deferred taxes remained a negligible portion of the total structure for most of the period, though an increase to 1.20% was noted by June 2026.
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