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

Schlumberger Ltd., liquidity ratios (quarterly data)

	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	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Current ratio	1.32	1.36	1.33	1.26	1.25	1.40	1.35	1.24	1.22	1.27	1.37	1.30	1.23	1.22	1.23	1.23	1.19	1.29	1.39	1.35
Quick ratio	0.88	0.94	0.89	0.82	0.83	0.92	0.86	0.78	0.82	0.85	0.91	0.83	0.79	0.81	0.81	0.82	0.76	0.85	0.92	0.88
Cash ratio	0.30	0.30	0.26	0.20	0.24	0.32	0.27	0.25	0.30	0.30	0.31	0.29	0.29	0.33	0.31	0.25	0.17	0.18	0.20	0.18

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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 Q2 2023 to Q3 2023 but then deteriorated significantly from Q3 2023 to Q4 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 Q2 2023 to Q3 2023 but then deteriorated significantly from Q3 2023 to Q4 2023.
Cash ratio	A liquidity ratio calculated as (cash plus short-term marketable investments) divided by current liabilities.	Schlumberger Ltd. cash ratio improved from Q2 2023 to Q3 2023 but then slightly deteriorated from Q3 2023 to Q4 2023.

Schlumberger Ltd., current ratio calculation (quarterly data)

	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	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Selected Financial Data (US$ in millions)
Current assets	17,718)	17,038)	16,154)	15,400)	15,003)	15,611)	14,316)	13,253)	12,654)	12,387)	12,077)	12,807)	12,919)	14,215)	14,379)	16,266)	15,530)	16,151)	16,333)	15,773)
Current liabilities	13,395)	12,528)	12,163)	12,252)	12,018)	11,134)	10,583)	10,696)	10,359)	9,735)	8,784)	9,873)	10,491)	11,651)	11,665)	13,262)	13,098)	12,483)	11,773)	11,697)
Liquidity Ratio
Current ratio¹	1.32	1.36	1.33	1.26	1.25	1.40	1.35	1.24	1.22	1.27	1.37	1.30	1.23	1.22	1.23	1.23	1.19	1.29	1.39	1.35

¹ Q4 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 Q2 2023 to Q3 2023 but then deteriorated significantly from Q3 2023 to Q4 2023.

Schlumberger Ltd., quick ratio calculation (quarterly data)

	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	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Selected Financial Data (US$ in millions)
Cash	2,900)	2,488)	1,930)	1,501)	1,655)	2,180)	1,893)	1,600)	1,757)	1,569)	1,439)	1,268)	844)	1,219)	1,462)	1,375)	1,137)	1,183)	1,466)	1,230)
Short-term investments	1,089)	1,247)	1,264)	1,003)	1,239)	1,429)	923)	1,049)	1,382)	1,373)	1,243)	1,642)	2,162)	2,618)	2,127)	1,969)	1,030)	1,109)	882)	925)
Receivables less allowance for doubtful accounts	7,812)	8,049)	7,675)	7,578)	7,032)	6,650)	6,247)	5,713)	5,315)	5,349)	5,347)	5,269)	5,247)	5,552)	5,808)	7,486)	7,747)	8,332)	8,471)	8,171)
Total quick assets	11,801)	11,784)	10,869)	10,082)	9,926)	10,259)	9,063)	8,362)	8,454)	8,291)	8,029)	8,179)	8,253)	9,389)	9,397)	10,830)	9,914)	10,624)	10,819)	10,326)

Current liabilities	13,395)	12,528)	12,163)	12,252)	12,018)	11,134)	10,583)	10,696)	10,359)	9,735)	8,784)	9,873)	10,491)	11,651)	11,665)	13,262)	13,098)	12,483)	11,773)	11,697)
Liquidity Ratio
Quick ratio¹	0.88	0.94	0.89	0.82	0.83	0.92	0.86	0.78	0.82	0.85	0.91	0.83	0.79	0.81	0.81	0.82	0.76	0.85	0.92	0.88

¹ Q4 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 Q2 2023 to Q3 2023 but then deteriorated significantly from Q3 2023 to Q4 2023.

Schlumberger Ltd., cash ratio calculation (quarterly data)

	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	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Selected Financial Data (US$ in millions)
Cash	2,900)	2,488)	1,930)	1,501)	1,655)	2,180)	1,893)	1,600)	1,757)	1,569)	1,439)	1,268)	844)	1,219)	1,462)	1,375)	1,137)	1,183)	1,466)	1,230)
Short-term investments	1,089)	1,247)	1,264)	1,003)	1,239)	1,429)	923)	1,049)	1,382)	1,373)	1,243)	1,642)	2,162)	2,618)	2,127)	1,969)	1,030)	1,109)	882)	925)
Total cash assets	3,989)	3,735)	3,194)	2,504)	2,894)	3,609)	2,816)	2,649)	3,139)	2,942)	2,682)	2,910)	3,006)	3,837)	3,589)	3,344)	2,167)	2,292)	2,348)	2,155)

Current liabilities	13,395)	12,528)	12,163)	12,252)	12,018)	11,134)	10,583)	10,696)	10,359)	9,735)	8,784)	9,873)	10,491)	11,651)	11,665)	13,262)	13,098)	12,483)	11,773)	11,697)
Liquidity Ratio
Cash ratio¹	0.30	0.30	0.26	0.20	0.24	0.32	0.27	0.25	0.30	0.30	0.31	0.29	0.29	0.33	0.31	0.25	0.17	0.18	0.20	0.18

¹ Q4 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 improved from Q2 2023 to Q3 2023 but then slightly deteriorated from Q3 2023 to Q4 2023.

Schlumberger Ltd. (NYSE:SLB)

Analysis of Liquidity Ratios
Quarterly Data