Stock Analysis on Net

SLB N.V. (NYSE:SLB)

Balance Sheet: Assets 
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.

Assets are resources controlled by the company as a result of past events and from which future economic benefits are expected to flow to the entity.

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

US$ in millions

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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
Cash 2,819 3,036 3,014 3,236 2,936 3,544 3,086 2,953 2,788 2,900 2,488 1,930 1,501 1,655 2,180 1,893 1,600 1,757 1,569 1,439 1,268
Short-term investments 568 1,176 571 511 961 1,125 1,376 1,050 703 1,089 1,247 1,264 1,003 1,239 1,429 923 1,049 1,382 1,373 1,243 1,642
Receivables less allowance for doubtful accounts 9,037 8,689 9,101 8,586 8,604 8,011 8,260 8,605 8,222 7,812 8,049 7,675 7,578 7,032 6,650 6,247 5,713 5,315 5,349 5,347 5,269
Inventories 5,274 5,032 5,321 4,740 4,650 4,375 4,573 4,504 4,549 4,387 4,305 4,360 4,286 3,999 4,143 3,968 3,719 3,272 3,296 3,267 3,303
Other current assets 1,637 1,580 1,461 1,380 1,444 1,515 1,506 1,405 1,438 1,530 949 925 1,032 1,078 1,209 1,285 1,172 928 800 781 1,325
Current assets 19,335 19,513 19,468 18,453 18,595 18,570 18,801 18,517 17,700 17,718 17,038 16,154 15,400 15,003 15,611 14,316 13,253 12,654 12,387 12,077 12,807
Investments in affiliated companies 1,784 1,783 1,691 1,676 1,641 1,635 1,744 1,678 1,606 1,624 1,622 1,601 1,554 1,581 1,762 1,767 1,955 2,044 2,110 2,035 2,090
Fixed assets less accumulated depreciation 7,747 7,894 7,999 7,399 7,399 7,359 7,360 7,335 7,253 7,240 6,875 6,804 6,691 6,607 6,407 6,386 6,354 6,429 6,375 6,473 6,620
Goodwill 16,852 16,794 17,007 14,658 14,637 14,593 14,559 14,530 14,086 14,084 13,111 13,117 13,113 12,982 12,990 13,009 12,978 12,990 12,990 12,987 12,978
Intangible assets 4,901 4,988 5,089 2,893 2,963 3,012 3,122 3,198 3,167 3,239 2,912 2,968 3,021 2,992 3,043 3,102 3,158 3,211 3,265 3,311 3,397
Other assets 3,907 3,896 3,839 3,690 3,767 3,766 4,189 4,115 4,044 4,052 4,255 4,182 4,076 3,970 4,280 4,247 4,269 4,183 3,911 4,025 4,144
Noncurrent assets 35,191 35,355 35,625 30,316 30,407 30,365 30,974 30,856 30,156 30,239 28,775 28,672 28,455 28,132 28,482 28,511 28,714 28,857 28,651 28,831 29,229
Total assets 54,526 54,868 55,093 48,769 49,002 48,935 49,775 49,373 47,856 47,957 45,813 44,826 43,855 43,135 44,093 42,827 41,967 41,511 41,038 40,908 42,036

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).


Total assets exhibit a sustained upward trajectory, increasing from $42.0 billion in March 2021 to $54.5 billion by March 2026. This growth is characterized by a steady expansion of current assets and a significant, concentrated increase in noncurrent assets during the latter portion of the period.

Current Asset Analysis
Current assets rose from $12.8 billion to $19.3 billion over the analyzed period. This growth was primarily driven by a consistent increase in receivables, which climbed from $5.2 billion to $9.0 billion, and a steady rise in inventories from $3.3 billion to $5.2 billion. Cash positions showed a general increase, growing from $1.2 billion in March 2021 to $2.8 billion in March 2026, peaking at $3.5 billion in December 2024.
Noncurrent Asset Dynamics
Noncurrent assets expanded from $29.2 billion to $35.1 billion. A notable surge is observed in September 2025, where Goodwill and Intangible assets increased sharply to $17.0 billion and $5.0 billion, respectively. This suggests a major acquisition or a strategic asset revaluation. In contrast, fixed assets grew more modestly, increasing from $6.6 billion to $7.7 billion over the five-year window.
Liquidity and Investment Trends
Short-term investments experienced an overall decline, starting at $1.6 billion in early 2021 and reaching a low of $0.5 billion in mid-2025, before recovering slightly. Similarly, investments in affiliated companies followed a gradual downward trend, decreasing from $2.0 billion to $1.7 billion, indicating a potential reallocation of capital away from affiliate holdings.
Overall Asset Composition
The proportion of total assets held in current assets increased from approximately 30% in March 2021 to 35% by March 2026. The total asset base expansion was most pronounced between December 2024 and September 2025, shifting the company's balance sheet profile toward a higher concentration of intangible and goodwill assets.

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Assets: Selected Items


Current Assets: Selected Items