Stock Analysis on Net

SLB N.V. (NYSE:SLB)

$24.99

Common-Size Balance Sheet: Liabilities and Stockholders’ Equity

SLB N.V., common-size consolidated balance sheet: liabilities and stockholders’ equity

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Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Trade accounts payable
Payroll, vacation and employee benefits
Billings and cash collections in excess of revenue
Other
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
Non-current 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-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).


Trade Accounts Payable
There is an overall increasing trend from 6.92% in 2020 to a peak of 9.62% in 2023, followed by a slight decline to 8.64% in 2024. This suggests growing reliance on supplier credit over the period, with a minor decrease in the latest year.
Payroll, Vacation, and Employee Benefits
This category shows a gradual decline from 3.59% in 2020 to 3.01% in 2024, reflecting either improved cost control or a relative reduction in employee-related obligations as a portion of total liabilities and equity.
Billings and Cash Collections in Excess of Revenue
A notable increase occurs from 2.22% in 2020 to 4.16% in 2023, stabilizing slightly at 4.10% in 2024, indicating an increase in advance payments or unearned revenue relative to total liabilities and equity.
Other Current Liabilities
This area declines steadily from 7.16% in 2020 to 5.44% in 2024, suggesting reduced miscellaneous current liabilities over time.
Accounts Payable and Accrued Liabilities
There is a consistent increase from 19.89% in 2020 to 22.74% in 2023, followed by a decline to 21.20% in 2024, indicating a higher level of short-term obligations until 2023 with slight improvement in the last year.
Estimated Liability for Taxes on Income
This percentage remains relatively stable, fluctuating mildly between 2.01% and 2.39%, showing consistent income tax provisions relative to total liabilities and equity.
Short-term Borrowings and Current Portion of Long-term Debt
This component rises from 2.00% in 2020 to a peak of 3.78% in 2022, then decreases to 2.15% in 2024, indicating variable short-term debt levels over the period with subsequent reduction.
Dividends Payable
There is a steady increase in dividends payable, from 0.43% in 2020 to 0.82% in 2024, suggesting either higher declared dividends or delayed dividend payments relative to total liabilities and equity.
Current Liabilities
Overall, current liabilities increase from 24.72% in 2020 to a peak of 27.93% in 2023, then decline to 26.18% in 2024, reflecting greater short-term obligations in the middle years followed by a moderate reduction.
Long-term Debt (Excluding Current Portion)
A clear downward trend is observed, falling from 37.79% in 2020 to 22.53% in 2024. This indicates significant deleveraging of long-term obligations during the period.
Postretirement Benefits
These liabilities drop sharply from 2.47% in 2020 to 0.36% in 2023, then rebound to 1.05% in 2024, suggesting fluctuations in obligations related to postretirement plans.
Deferred Taxes
The ratio remains relatively low and fluctuates, with no clear trend, oscillating between 0.04% and 0.29% over the years.
Other Non-current Liabilities
There is a gradual decline from 5.54% in 2020 to 4.44% in 2024, showing a slow reduction in other long-term liabilities.
Non-current Liabilities
This broad category decreases significantly from 45.85% in 2020 to 28.15% in 2024, primarily driven by reductions in long-term debt and other liabilities, highlighting improved financial stability.
Total Liabilities
Total liabilities as a percentage of total liabilities and equity reduce from 70.57% in 2020 to 54.33% in 2024, reflecting a systematic decrease in the company's overall leverage over the period.
Common Stock
Common stock decreases steadily from 30.57% in 2020 to 23.41% in 2024, which may indicate share repurchases, reduced issuance, or reclassification effects.
Treasury Stock
The negative percentage balance moves closer to zero from -7.15% in 2020 to -1.41% in 2023, then declines again to -3.62% in 2024, suggesting fluctuations in treasury stock holdings with partial share buybacks or reissuances.
Retained Earnings
This component rises steadily from 16.54% in 2020 to 33.5% in 2024, signaling growing accumulated profits reinvested in the company, which positively impacts equity.
Accumulated Other Comprehensive Loss
There is a moderate reduction in losses from -11.51% in 2020 to around -8.87% in 2023, but this reverses slightly to -10.12% in 2024, indicating some volatility in components such as foreign currency translation or unrealized gains/losses.
Total SLB Stockholders’ Equity
The equity percentage improves from 28.45% in 2020 to 43.18% in 2024, reflecting enhanced capitalization and financial strength over time.
Noncontrolling Interests
Noncontrolling interests remain relatively low but increase from 0.99% in 2020 to 2.49% in 2024, showing a growing share of minority ownership in consolidated entities.
Total Equity
Total equity grows consistently from 29.43% in 2020 to 45.67% in 2024, corroborating the trend of strengthening equity base and lowering leverage.
Total Liabilities and Equity
This remains constant at 100%, as expected for the balance sheet composition.