Stock Analysis on Net

SLB N.V. (NYSE:SLB)

$24.99

Balance Sheet: Liabilities and Stockholders’ Equity
Quarterly Data

The balance sheet provides creditors, investors, and analysts with information on company resources (assets) and its sources of capital (its equity and liabilities). It normally also provides information about the future earnings capacity of a company assets as well as an indication of cash flows that may come from receivables and inventories.

Liabilities represents obligations of a company arising from past events, the settlement of which is expected to result in an outflow of economic benefits from the entity.

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

US$ in millions

Microsoft Excel
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 financial position of the entity exhibits a significant expansion in total capitalization, with total liabilities and equity increasing from 42,036 million USD in March 2021 to 54,526 million USD by March 2026. This growth is primarily driven by a substantial increase in stockholders' equity rather than an increase in total debt, indicating a strengthening of the solvency profile over the analyzed period.

Liability Trends and Debt Management
A strategic shift in the liability structure is evident. Long-term debt, excluding the current portion, decreased consistently from 15,834 million USD in March 2021 to 9,670 million USD in March 2026. Conversely, current liabilities trended upward, rising from 9,873 million USD to 14,413 million USD over the same period. This suggests a reduction in long-term borrowing in favor of operating liabilities and short-term obligations.
Equity Growth and Retained Earnings
Total equity experienced robust growth, more than doubling from 12,972 million USD in March 2021 to 27,353 million USD in March 2026. The primary driver of this increase was the steady accumulation of retained earnings, which grew from 7,142 million USD to 18,369 million USD. This trend reflects strong internal capital generation and a consistent ability to retain profits.
Capital Allocation and Shareholder Returns
Active capital management is observed through the treasury stock account, which moved from -2,598 million USD to -3,650 million USD, indicating a sustained program of share repurchases. Additionally, dividends payable showed a gradual increase, rising from 185 million USD in early 2021 to 457 million USD by March 2026, suggesting an increase in the absolute volume of distributions to shareholders.
Solvency and Leverage Analysis
The relationship between total liabilities and total equity shifted significantly. While total liabilities remained relatively stable—fluctuating between 25,146 million USD and 28,254 million USD—the doubling of total equity resulted in a marked reduction in the debt-to-equity ratio. This transition indicates a lower reliance on external debt to fund assets and a higher reliance on equity financing.

Overall, the data reveals a transition toward a more conservative financial structure. The simultaneous reduction in long-term debt and the aggressive growth in retained earnings demonstrate a strengthened balance sheet with enhanced financial stability and increased equity cushions.