Stock Analysis on Net
Stock Analysis on Net

SLB N.V. (NYSE:SLB)

Common-Size Balance Sheet: Liabilities and Stockholders’ Equity 

SLB N.V., common-size consolidated balance sheet: liabilities and stockholders’ equity

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Dec 31, 2025 Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021
Trade payables 8.86 8.64 9.62 9.09 7.72
Payroll, vacation, and employee benefits 2.89 3.01 3.39 3.46 3.32
Billings and cash collections in excess of revenue 4.13 4.10 4.16 2.68 2.62
Other 5.07 5.44 5.57 5.91 6.53
Accounts payable and accrued liabilities 20.94% 21.20% 22.74% 21.15% 20.19%
Estimated liability for taxes on income 1.63 2.01 2.07 2.32 2.12
Short-term borrowings and current portion of long-term debt 3.45 2.15 2.34 3.78 2.19
Dividends payable 0.81 0.82 0.78 0.61 0.46
Current liabilities 26.83% 26.18% 27.93% 27.86% 24.95%
Long-term debt, excluding current portion 17.76 22.53 22.61 24.56 32.01
Postretirement benefits 0.87 1.05 0.36 0.38 0.56
Deferred taxes 1.17 0.14 0.29 0.14 0.23
Other liabilities 3.63 4.44 4.27 5.35 5.43
Non-current liabilities 23.43% 28.15% 27.53% 30.43% 38.22%
Total liabilities 50.26% 54.33% 55.46% 58.30% 63.18%
Common stock 29.81 23.41 24.24 27.44 30.37
Treasury stock -6.52 -3.62 -1.41 -2.36 -5.38
Retained earnings 32.93 33.50 28.14 24.85 19.75
Accumulated other comprehensive loss -8.63 -10.12 -8.87 -8.94 -8.60
Total SLB stockholders’ equity 47.59% 43.18% 42.10% 41.00% 36.14%
Noncontrolling interests 2.15 2.49 2.44 0.70 0.68
Total equity 49.74% 45.67% 44.54% 41.70% 36.82%
Total liabilities and equity 100.00% 100.00% 100.00% 100.00% 100.00%

Based on: 10-K (reporting date: 2025-12-31), 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).

The composition of liabilities and stockholders’ equity exhibited notable shifts between 2021 and 2025. Overall, the proportion of total liabilities decreased while the proportion of total equity increased over the five-year period. This suggests a strengthening of the company’s financial position from a leverage perspective.

Current Liabilities
Current liabilities as a percentage of total liabilities and equity fluctuated between 24.95% and 27.93% from 2021 to 2023, before decreasing to 26.18% in 2024 and rising slightly to 26.83% in 2025. Within current liabilities, accounts payable and accrued liabilities consistently represented the largest component, ranging from 20.19% to 22.74% of the total. Short-term borrowings showed more volatility, increasing from 2.19% in 2021 to 3.78% in 2022, then decreasing to 2.15% in 2024 before increasing again to 3.45% in 2025. Billings and cash collections in excess of revenue increased significantly from 2.62% to 4.16% between 2021 and 2023, remaining relatively stable thereafter.
Non-Current Liabilities
Non-current liabilities demonstrated a consistent downward trend as a percentage of total liabilities and equity, declining from 38.22% in 2021 to 23.43% in 2025. The most substantial component of non-current liabilities was long-term debt, excluding the current portion, which decreased from 32.01% in 2021 to 17.76% in 2025. Deferred taxes also experienced an increase, rising from 0.23% to 1.17% over the same period.
Stockholders’ Equity
Total stockholders’ equity increased as a percentage of total liabilities and equity from 36.14% in 2021 to 47.59% in 2025. Common stock experienced a decrease from 30.37% to 24.24% in 2023, then increased to 29.81% in 2025. Retained earnings showed a consistent upward trend, increasing from 19.75% in 2021 to 32.93% in 2025. Treasury stock represented a negative equity component, becoming more negative from -5.38% in 2021 to -6.52% in 2024 before slightly improving to -6.52% in 2025. Accumulated other comprehensive loss remained relatively stable, fluctuating between -8.60% and -10.12%. Noncontrolling interests increased from 0.68% to 2.44% in 2023, then decreased to 2.15% in 2025.

The decrease in total liabilities, particularly long-term debt, coupled with the increase in retained earnings and common stock, suggests a reduction in financial risk and an improvement in the company’s capital structure. The fluctuations in short-term borrowings and the increase in billings and cash collections in excess of revenue warrant further investigation to understand their impact on liquidity and cash flow management.