Stock Analysis on Net

SLB N.V. (NYSE:SLB)

$24.99

Common-Size Balance Sheet: Assets
Quarterly Data

SLB N.V., common-size consolidated balance sheet: assets (quarterly data)

Microsoft Excel
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
Cash
Short-term investments
Receivables less allowance for doubtful accounts
Inventories
Other current assets
Current assets
Investments in affiliated companies
Fixed assets less accumulated depreciation
Goodwill
Intangible assets
Other assets
Noncurrent assets
Total assets

Based on: 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 composition of assets for the analyzed entity demonstrates several notable shifts over the period from March 31, 2021, to December 31, 2025. Current assets, while consistently representing a significant portion of the total, exhibit fluctuations, while noncurrent assets generally maintain a larger share. Within both categories, specific asset types show distinct trends.

Liquidity & Current Assets
Current assets as a percentage of total assets began at 30.47% in March 2021, decreased to a low of 29.52% in June 2021, and generally increased to 37.77% by September 2024 before decreasing slightly to 35.56% by December 2025. This suggests a growing reliance on short-term assets over much of the period. Cash holdings experienced a consistent increase from 3.02% to 7.24% between March 2021 and December 2022, then decreased to 5.53% by December 2025. Short-term investments show a more volatile pattern, decreasing from 3.91% to 2.14% between March 2021 and September 2023, then increasing to 2.14% before decreasing to 2.14% by December 2025. Receivables consistently increased from 12.53% in March 2021 to 17.61% in June 2025, indicating a potential increase in credit sales or slower collection periods. Inventories remained relatively stable, fluctuating between approximately 7.86% and 9.77% of total assets throughout the period.
Long-Term Investments & Fixed Assets
Investments in affiliated companies decreased steadily from 4.97% in March 2021 to 3.07% by September 2025, suggesting a potential shift in investment strategy or divestment of affiliated entities. Fixed assets less accumulated depreciation remained relatively stable, fluctuating between 14.53% and 15.82% of total assets, indicating consistent investment in property, plant, and equipment.
Goodwill & Intangible Assets
Goodwill represented the largest single component of assets, consistently accounting for approximately 28.62% to 31.75% of the total. A slight downward trend is observed in goodwill as a percentage of total assets from 31.75% in June 2021 to 29.37% in December 2023, followed by a slight increase to 30.61% by December 2025. Intangible assets decreased from 8.08% in March 2021 to 6.16% in December 2024, then increased significantly to 9.09% by December 2025, potentially reflecting new acquisitions or increased valuation of existing intangible assets.
Other Assets & Noncurrent Assets
Other assets decreased from 9.86% in March 2021 to 7.10% by December 2025. Noncurrent assets, representing the majority of the asset base, decreased from 69.53% in March 2021 to 64.44% by December 2025, mirroring the trends in goodwill and intangible assets. The overall trend suggests a relative shift in asset allocation towards current assets, particularly receivables, and a decrease in the proportion of noncurrent assets.

The observed changes in asset composition may reflect strategic decisions related to investment, financing, and operational activities. Further investigation into the underlying drivers of these trends would be necessary to provide a more comprehensive assessment.