Analysis of Debt
Total Debt (Carrying Amount)
Schlumberger Ltd., balance sheet: debt
US$ in millions
Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).
- Short-term borrowings and current portion of long-term debt
- The short-term borrowings and current portion of long-term debt demonstrated a fluctuating trend over the analyzed periods. It increased from 850 million USD at the end of 2020 to 909 million USD in 2021, followed by a significant rise to 1,632 million USD in 2022. Subsequently, this category decreased notably to 1,123 million USD in 2023 and further to 1,051 million USD in 2024. This suggests an initial increase in short-term obligations, peaking in 2022, and a gradual reduction afterward.
- Long-term debt, excluding current portion
- The long-term debt, excluding the current portion, exhibited a consistent downward trend from 2020 through 2022, declining from 16,036 million USD to 10,594 million USD. However, starting in 2023, this debt category experienced a slight increase to 10,842 million USD and continued to rise modestly to 11,023 million USD in 2024. This indicates a strategic reduction in long-term liabilities in the earlier years followed by a stabilization and minor uptick in later years.
- Total debt (carrying amount)
- Total debt followed a declining trajectory from 2020 to 2023, dropping from 16,886 million USD to 11,965 million USD. In 2024, total debt recorded a small increase to 12,074 million USD. The overall reduction over the period reflects a decrease in the company’s indebtedness, with a slight rebound in the final year analyzed, closely aligned with changes in both short-term and long-term debt components.
Total Debt (Fair Value)
| Dec 31, 2024 | |
|---|---|
| Selected Financial Data (US$ in millions) | |
| Short-term borrowings | 1,051) |
| Long-term debt | 10,400) |
| Total debt (fair value) | 11,451) |
| Financial Ratio | |
| Debt, fair value to carrying amount ratio | 0.95 |
Based on: 10-K (reporting date: 2024-12-31).
Weighted-average Interest Rate on Debt
Weighted average interest rate on debt: 2.91%
| Interest rate | Debt amount1 | Interest rate × Debt amount | Weighted-average interest rate2 |
|---|---|---|---|
| 3.90% | 1,478) | 58) | |
| 2.65% | 1,250) | 33) | |
| 1.38% | 1,040) | 14) | |
| 2.00% | 1,034) | 21) | |
| 0.25% | 936) | 2) | |
| 0.50% | 935) | 5) | |
| 4.30% | 848) | 36) | |
| 1.00% | 624) | 6) | |
| 4.85% | 498) | 24) | |
| 4.50% | 497) | 22) | |
| 5.00% | 495) | 25) | |
| 5.00% | 493) | 25) | |
| 5.00% | 489) | 24) | |
| 7.00% | 197) | 14) | |
| 5.95% | 111) | 7) | |
| 5.13% | 98) | 5) | |
| Total | 11,023) | 321) | |
| 2.91% | |||
Based on: 10-K (reporting date: 2024-12-31).
1 US$ in millions
2 Weighted-average interest rate = 100 × 321 ÷ 11,023 = 2.91%