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Microsoft Excel LibreOffice Calc

Schlumberger Ltd. (NYSE:SLB)


Analysis of Liquidity Ratios

Beginner level

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


Liquidity Ratios (Summary)

Schlumberger Ltd., liquidity ratios

Microsoft Excel LibreOffice Calc
Dec 31, 2019 Dec 31, 2018 Dec 31, 2017 Dec 31, 2016 Dec 31, 2015
Current ratio 1.19 1.17 1.21 1.59 1.91
Quick ratio 0.76 0.79 0.86 1.24 1.54
Cash ratio 0.17 0.21 0.33 0.61 0.92

Based on: 10-K (filing date: 2020-01-22), 10-K (filing date: 2019-01-23), 10-K (filing date: 2018-01-24), 10-K (filing date: 2017-01-25), 10-K (filing date: 2016-01-27).

Liquidity ratio Description The company
Current ratio A liquidity ratio calculated as current assets divided by current liabilities. Schlumberger Ltd.’s current ratio deteriorated from 2017 to 2018 but then slightly improved from 2018 to 2019.
Quick ratio A liquidity ratio calculated as (cash plus short-term marketable investments plus receivables) divided by current liabilities. Schlumberger Ltd.’s quick ratio deteriorated from 2017 to 2018 and from 2018 to 2019.
Cash ratio A liquidity ratio calculated as (cash plus short-term marketable investments) divided by current liabilities. Schlumberger Ltd.’s cash ratio deteriorated from 2017 to 2018 and from 2018 to 2019.

Current Ratio

Schlumberger Ltd., current ratio calculation, comparison to benchmarks

Microsoft Excel LibreOffice Calc
Dec 31, 2019 Dec 31, 2018 Dec 31, 2017 Dec 31, 2016 Dec 31, 2015
Selected Financial Data (US$ in millions)
Current assets 15,530  15,731  18,497  23,927  26,912 
Current liabilities 13,098  13,486  15,282  15,059  14,121 
Liquidity Ratio
Current ratio1 1.19 1.17 1.21 1.59 1.91
Benchmarks
Current Ratio, Competitors2
Kinder Morgan Inc. 0.63 0.76 0.44 0.55 0.69
Current Ratio, Industry
Oil & Gas 0.96 1.02 0.94 0.90 0.96

Based on: 10-K (filing date: 2020-01-22), 10-K (filing date: 2019-01-23), 10-K (filing date: 2018-01-24), 10-K (filing date: 2017-01-25), 10-K (filing date: 2016-01-27).

1 2019 Calculation
Current ratio = Current assets ÷ Current liabilities
= 15,530 ÷ 13,098 = 1.19

2 Click competitor name to see calculations.

Liquidity ratio Description The company
Current ratio A liquidity ratio calculated as current assets divided by current liabilities. Schlumberger Ltd.’s current ratio deteriorated from 2017 to 2018 but then slightly improved from 2018 to 2019.

Quick Ratio

Schlumberger Ltd., quick ratio calculation, comparison to benchmarks

Microsoft Excel LibreOffice Calc
Dec 31, 2019 Dec 31, 2018 Dec 31, 2017 Dec 31, 2016 Dec 31, 2015
Selected Financial Data (US$ in millions)
Cash 1,137  1,433  1,799  2,929  2,793 
Short-term investments 1,030  1,344  3,290  6,328  10,241 
Receivables less allowance for doubtful accounts 7,747  7,881  8,084  9,387  8,780 
Total quick assets 9,914  10,658  13,173  18,644  21,814 
 
Current liabilities 13,098  13,486  15,282  15,059  14,121 
Liquidity Ratio
Quick ratio1 0.76 0.79 0.86 1.24 1.54
Benchmarks
Quick Ratio, Competitors2
Kinder Morgan Inc. 0.49 0.64 0.29 0.36 0.39
Quick Ratio, Industry
Oil & Gas 0.64 0.70 0.64 0.60 0.60

Based on: 10-K (filing date: 2020-01-22), 10-K (filing date: 2019-01-23), 10-K (filing date: 2018-01-24), 10-K (filing date: 2017-01-25), 10-K (filing date: 2016-01-27).

1 2019 Calculation
Quick ratio = Total quick assets ÷ Current liabilities
= 9,914 ÷ 13,098 = 0.76

2 Click competitor name to see calculations.

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.’s quick ratio deteriorated from 2017 to 2018 and from 2018 to 2019.

Cash Ratio

Schlumberger Ltd., cash ratio calculation, comparison to benchmarks

Microsoft Excel LibreOffice Calc
Dec 31, 2019 Dec 31, 2018 Dec 31, 2017 Dec 31, 2016 Dec 31, 2015
Selected Financial Data (US$ in millions)
Cash 1,137  1,433  1,799  2,929  2,793 
Short-term investments 1,030  1,344  3,290  6,328  10,241 
Total cash assets 2,167  2,777  5,089  9,257  13,034 
 
Current liabilities 13,098  13,486  15,282  15,059  14,121 
Liquidity Ratio
Cash ratio1 0.17 0.21 0.33 0.61 0.92
Benchmarks
Cash Ratio, Competitors2
Kinder Morgan Inc. 0.22 0.44 0.05 0.13 0.07
Cash Ratio, Industry
Oil & Gas 0.20 0.25 0.18 0.16 0.19

Based on: 10-K (filing date: 2020-01-22), 10-K (filing date: 2019-01-23), 10-K (filing date: 2018-01-24), 10-K (filing date: 2017-01-25), 10-K (filing date: 2016-01-27).

1 2019 Calculation
Cash ratio = Total cash assets ÷ Current liabilities
= 2,167 ÷ 13,098 = 0.17

2 Click competitor name to see calculations.

Liquidity ratio Description The company
Cash ratio A liquidity ratio calculated as (cash plus short-term marketable investments) divided by current liabilities. Schlumberger Ltd.’s cash ratio deteriorated from 2017 to 2018 and from 2018 to 2019.