Debt to Equity
since 2005
Calculation
Schlumberger Ltd., debt to equity, long-term trends, calculation
| Debt to equity | = | Short-term borrowings and long-term debt1 | ÷ | Total SLB stockholders’ equity1 | |
|---|---|---|---|---|---|
| Dec 31, 2024 | 0.57 | = | 12,074) | ÷ | 21,130) |
| Dec 31, 2023 | 0.59 | = | 11,965) | ÷ | 20,189) |
| Dec 31, 2022 | 0.69 | = | 12,226) | ÷ | 17,685) |
| Dec 31, 2021 | 0.95 | = | 14,195) | ÷ | 15,004) |
| Dec 31, 2020 | 1.40 | = | 16,886) | ÷ | 12,071) |
| Dec 31, 2019 | 0.64 | = | 15,294) | ÷ | 23,760) |
| Dec 31, 2018 | 0.44 | = | 16,051) | ÷ | 36,162) |
| Dec 31, 2017 | 0.49 | = | 18,199) | ÷ | 36,842) |
| Dec 31, 2016 | 0.48 | = | 19,616) | ÷ | 41,078) |
| Dec 31, 2015 | 0.53 | = | 18,999) | ÷ | 35,633) |
| Dec 31, 2014 | 0.35 | = | 13,330) | ÷ | 37,850) |
| Dec 31, 2013 | 0.33 | = | 13,176) | ÷ | 39,469) |
| Dec 31, 2012 | 0.33 | = | 11,630) | ÷ | 34,751) |
| Dec 31, 2011 | 0.32 | = | 9,933) | ÷ | 31,263) |
| Dec 31, 2010 | 0.26 | = | 8,112) | ÷ | 31,226) |
| Dec 31, 2009 | 0.29 | = | 5,480) | ÷ | 19,120) |
| Dec 31, 2008 | 0.31 | = | 5,291) | ÷ | 16,862) |
| Dec 31, 2007 | 0.37 | = | 5,466) | ÷ | 14,876) |
| Dec 31, 2006 | 0.57 | = | 5,985) | ÷ | 10,420) |
| Dec 31, 2005 | 0.58 | = | 4,388) | ÷ | 7,592) |
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
- Debt Levels
- The company’s short-term borrowings and long-term debt exhibited an overall increasing trend from 2005 to 2011, rising from approximately $4.4 billion to nearly $10 billion. Afterward, debt levels continued to grow, peaking around 2015 at nearly $19 billion, followed by a gradual decline through 2019 to roughly $15 billion. A moderate increase occurred in 2020, before a consistent downward movement through 2024, ending at about $12 billion.
- Stockholders’ Equity
- Stockholders’ equity showed steady growth from 2005 through 2010, nearly quadrupling from $7.6 billion to over $31 billion. This upward trend continued more moderately until 2013, reaching almost $39.5 billion. Subsequently, equity fluctuated with a dip in 2014 and 2015 but peaked again in 2016 at approximately $41 billion. The value then declined notably through 2020, dropping to about $12 billion. Following this low, a recovery trend is observed, with equity increasing steadily to over $21 billion by 2024.
- Debt to Equity Ratio
- The debt to equity ratio demonstrates a decreasing pattern from 0.58 in 2005 to a low of 0.26 in 2010, indicating a stronger equity position relative to debt. Between 2011 and 2014, the ratio remained relatively stable around 0.3 to 0.5 but increased significantly in 2015 and 2016, peaking at 0.64 and then sharply rising to 1.4 in 2020. This peak suggests a substantial relative increase in debt or a decrease in equity during that period. After 2020, the ratio declined steadily to 0.57 by 2024, indicating a reduction in financial leverage and an improvement in the equity base relative to debt.
- Overall Financial Trends
- The analysis indicates periods of notable financial stress around 2015 through 2020, visible in elevated debt levels, reduced equity, and increased leverage ratios. The subsequent years up to 2024 show signs of financial stabilization and recovery, characterized by declining debt, improving equity, and decreasing leverage. Historically, the company maintained a conservative financial structure with moderate leverage, except for the peak around 2020, which may reflect external economic or sector-specific challenges.
Comparison to Industry (Energy)
Schlumberger Ltd., debt to equity, long-term trends, comparison to industry (energy)
| Schlumberger Ltd. | Energy | |
|---|---|---|
| Dec 31, 2024 | 0.57 | 0.24 |
| Dec 31, 2023 | 0.59 | 0.24 |
| Dec 31, 2022 | 0.69 | 0.25 |
| Dec 31, 2021 | 0.95 | 0.37 |
| Dec 31, 2020 | 1.40 | 0.52 |
| Dec 31, 2019 | 0.64 | 0.33 |
| Dec 31, 2018 | 0.44 | 0.26 |
| Dec 31, 2017 | 0.49 | 0.30 |
| Dec 31, 2016 | 0.48 | 0.35 |
| Dec 31, 2015 | 0.53 | 0.31 |
| Dec 31, 2014 | 0.35 | 0.22 |
| Dec 31, 2013 | 0.33 | 0.19 |
| Dec 31, 2012 | 0.33 | 0.15 |
| Dec 31, 2011 | 0.32 | 0.16 |
| Dec 31, 2010 | 0.26 | 0.16 |
| Dec 31, 2009 | 0.29 | 0.18 |
| Dec 31, 2008 | 0.31 | 0.18 |
| Dec 31, 2007 | 0.37 | 0.14 |
| Dec 31, 2006 | 0.57 | 0.18 |
| Dec 31, 2005 | 0.58 | 0.16 |
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).