Stock Analysis on Net

Schlumberger Ltd. (NYSE:SLB)

$24.99

Current Ratio
since 2005

Microsoft Excel

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Calculation

Schlumberger Ltd., current ratio, long-term trends, calculation

Microsoft Excel

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), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).

1 US$ in millions


Current Assets Trend
The current assets of the company exhibited a general upward trend from 2005 to around 2013, increasing from 8,554 million US dollars to a peak of 26,225 million US dollars. Following this peak, there was a notable decline, particularly sharp between 2013 and 2018, reaching a low point of approximately 15,531 million US dollars. After 2018, current assets showed some recovery, steadily rising again to about 18,570 million US dollars by the end of 2024.
Current Liabilities Trend
Current liabilities increased substantially from 2005 through 2014, rising from 5,515 million US dollars to a high of around 14,176 million US dollars. This was followed by a period of relative stability with minor fluctuations, where liabilities hovered between approximately 10,359 and 15,282 million US dollars, remaining mostly within the 10,000–14,000 million range through to 2024.
Current Ratio Analysis
The current ratio showed variability throughout the period under review. It started at 1.55 in 2005, declined slightly until 2006, and then generally improved, reaching levels close to 1.95 in 2011 and 2012. From 2013 onward, the current ratio decreased notably, dropping to near 1.17–1.21 between 2016 and 2018, indicative of a tighter liquidity position during these years. Post-2018, the ratio gradually improved again, reaching 1.45 by 2024, suggesting a progressively strengthened short-term liquidity position towards the end of the period.
Overall Liquidity Position
Overall, liquidity as represented by the current ratio experienced sizable fluctuations, reflecting changing balances between assets and liabilities. Early years showed a solid liquidity buffer above 1.5, which weakened considerably mid-period as current assets decreased and liabilities remained relatively high. The recent upturn in the current ratio towards the latter years signals a recovery in liquidity management, possibly due to improved asset levels or more controlled liabilities.

Comparison to Industry (Energy)