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
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-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).


Overall, the balance sheet reveals a generally increasing trend in both total liabilities and total stockholders’ equity over the observed period, with some fluctuations. A significant increase in total equity is noted towards the end of the period, particularly in the most recent quarters. Liability levels also demonstrate an upward trajectory, though with periods of relative stability.

Current Liabilities
Current liabilities exhibited volatility, decreasing from $9,873 million in March 2021 to $8,784 million in June 2021, then generally increasing to reach $13,395 million in December 2023. A slight decrease is observed in March 2024 to $12,879 million, followed by a rise to $14,721 million by December 2025. This suggests potential shifts in short-term financing needs or working capital management.
Long-Term Debt
Long-term debt, excluding the current portion, generally decreased from $15,834 million in March 2021 to $10,594 million in December 2022. It then experienced a moderate increase to $11,342 million in March 2023, before declining again to $9,742 million in December 2023. A slight increase is observed in the most recent quarters, reaching $10,843 million in December 2025. This indicates a strategic management of long-term financing obligations.
Stockholders’ Equity Components
Common stock remained relatively stable for most of the period, with a notable increase to $16,338 million in December 2023 and $16,354 million in December 2024. Treasury stock consistently represented a negative value, increasing in magnitude over time, reaching -$3,742 million in June 2025. Retained earnings demonstrated a consistent upward trend, growing from $7,142 million in March 2021 to $18,067 million in December 2025, reflecting accumulated profits. Accumulated other comprehensive loss remained negative throughout the period, with a significant increase in magnitude towards the end of the period, reaching -$4,736 million in December 2025.
Specific Liability Accounts
Accounts payable and accrued liabilities generally increased over the period, rising from $7,956 million in March 2021 to $11,490 million in December 2025. The estimated liability for taxes on income remained relatively stable, fluctuating between approximately $859 million and $1,038 million. Short-term borrowings and the current portion of long-term debt showed significant volatility, peaking at $3,475 million in March 2025, indicating potential reliance on short-term financing at times. Dividends payable exhibited a steady increase, reaching $443 million in December 2025, suggesting a consistent return of value to shareholders.
Noncontrolling Interests
Noncontrolling interests showed an initial decrease before increasing significantly in the later periods, reaching $1,287 million in December 2025. This suggests changes in the company’s ownership structure or consolidation of subsidiaries.

The overall trend indicates a strengthening equity position, coupled with a managed liability structure. The fluctuations in short-term debt and accounts payable warrant further investigation to understand the underlying drivers of these changes. The increase in retained earnings is a positive sign, reflecting profitability, while the growing negative balance in accumulated other comprehensive loss requires attention.