Liquidity ratios measure the company ability to meet its short-term obligations.

Schlumberger Ltd., liquidity ratios

	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Current ratio	1.32	1.25	1.22	1.23	1.19
Quick ratio	0.88	0.83	0.82	0.79	0.76
Cash ratio	0.30	0.24	0.30	0.29	0.17

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Liquidity ratio	Description	The company
Current ratio	A liquidity ratio calculated as current assets divided by current liabilities.	Schlumberger Ltd. current ratio improved from 2021 to 2022 and from 2022 to 2023.
Quick ratio	A liquidity ratio calculated as (cash plus short-term marketable investments plus receivables) divided by current liabilities.	Schlumberger Ltd. quick ratio improved from 2021 to 2022 and from 2022 to 2023.
Cash ratio	A liquidity ratio calculated as (cash plus short-term marketable investments) divided by current liabilities.	Schlumberger Ltd. cash ratio deteriorated from 2021 to 2022 but then improved from 2022 to 2023 not reaching 2021 level.

Schlumberger Ltd., current ratio calculation, comparison to benchmarks

	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Selected Financial Data (US$ in millions)
Current assets	17,718)	15,003)	12,654)	12,919)	15,530)
Current liabilities	13,395)	12,018)	10,359)	10,491)	13,098)
Liquidity Ratio
Current ratio¹	1.32	1.25	1.22	1.23	1.19
Benchmarks
Current Ratio, Industry
Energy	1.41	1.43	1.24	1.17	1.09

¹ 2023 Calculation
Current ratio = Current assets ÷ Current liabilities
= 17,718 ÷ 13,395 = 1.32

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Liquidity ratio	Description	The company
Current ratio	A liquidity ratio calculated as current assets divided by current liabilities.	Schlumberger Ltd. current ratio improved from 2021 to 2022 and from 2022 to 2023.

Schlumberger Ltd., quick ratio calculation, comparison to benchmarks

	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Selected Financial Data (US$ in millions)
Cash	2,900)	1,655)	1,757)	844)	1,137)
Short-term investments	1,089)	1,239)	1,382)	2,162)	1,030)
Receivables less allowance for doubtful accounts	7,812)	7,032)	5,315)	5,247)	7,747)
Total quick assets	11,801)	9,926)	8,454)	8,253)	9,914)

Current liabilities	13,395)	12,018)	10,359)	10,491)	13,098)
Liquidity Ratio
Quick ratio¹	0.88	0.83	0.82	0.79	0.76
Benchmarks
Quick Ratio, Industry
Energy	0.99	1.05	0.88	0.64	0.67

¹ 2023 Calculation
Quick ratio = Total quick assets ÷ Current liabilities
= 11,801 ÷ 13,395 = 0.88

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Liquidity ratio	Description	The company
Quick ratio	A liquidity ratio calculated as (cash plus short-term marketable investments plus receivables) divided by current liabilities.	Schlumberger Ltd. quick ratio improved from 2021 to 2022 and from 2022 to 2023.

Schlumberger Ltd., cash ratio calculation, comparison to benchmarks

	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Selected Financial Data (US$ in millions)
Cash	2,900)	1,655)	1,757)	844)	1,137)
Short-term investments	1,089)	1,239)	1,382)	2,162)	1,030)
Total cash assets	3,989)	2,894)	3,139)	3,006)	2,167)

Current liabilities	13,395)	12,018)	10,359)	10,491)	13,098)
Liquidity Ratio
Cash ratio¹	0.30	0.24	0.30	0.29	0.17
Benchmarks
Cash Ratio, Industry
Energy	0.40	0.44	0.29	0.22	0.19

¹ 2023 Calculation
Cash ratio = Total cash assets ÷ Current liabilities
= 3,989 ÷ 13,395 = 0.30

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Liquidity ratio	Description	The company
Cash ratio	A liquidity ratio calculated as (cash plus short-term marketable investments) divided by current liabilities.	Schlumberger Ltd. cash ratio deteriorated from 2021 to 2022 but then improved from 2022 to 2023 not reaching 2021 level.

Schlumberger Ltd. (NYSE:SLB)

Analysis of Liquidity Ratios