Stock Analysis on Net

SLB N.V. (NYSE:SLB)

$24.99

Balance Sheet: Assets
Quarterly Data

The balance sheet provides creditors, investors, and analysts with information on company resources (assets) and its sources of capital (its equity and liabilities). It normally also provides information about the future earnings capacity of a company assets as well as an indication of cash flows that may come from receivables and inventories.

Assets are resources controlled by the company as a result of past events and from which future economic benefits are expected to flow to the entity.

SLB N.V., consolidated balance sheet: assets (quarterly data)

US$ in millions

Microsoft Excel
Dec 31, 2025 Sep 30, 2025 Jun 30, 2025 Mar 31, 2025 Dec 31, 2024 Sep 30, 2024 Jun 30, 2024 Mar 31, 2024 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
Cash
Short-term investments
Receivables less allowance for doubtful accounts
Inventories
Other current assets
Current assets
Investments in affiliated companies
Fixed assets less accumulated depreciation
Goodwill
Intangible assets
Other assets
Noncurrent assets
Total assets

Based on: 10-K (reporting date: 2025-12-31), 10-Q (reporting date: 2025-09-30), 10-Q (reporting date: 2025-06-30), 10-Q (reporting date: 2025-03-31), 10-K (reporting date: 2024-12-31), 10-Q (reporting date: 2024-09-30), 10-Q (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31).


Total assets exhibited a generally increasing trend over the observed period, though with some quarterly fluctuations. Beginning at US$42.036 billion in March 2021, total assets experienced a dip to US$40.908 billion by June 2021 before recovering and generally trending upward to reach US$54.868 billion by December 2025. The most significant increase occurred between September 2025 and December 2025.

Current Assets
Current assets demonstrated a consistent upward trajectory throughout the period, increasing from US$12.807 billion in March 2021 to US$19.513 billion in December 2025. This growth was largely driven by increases in receivables and inventories. A slight dip is observed in June 2021, but the overall trend remains positive. The most substantial growth in current assets occurred between March 2024 and December 2025.
Cash and Short-Term Investments
Cash levels generally increased from US$1.268 billion in March 2021 to US$3.036 billion in December 2025, with some volatility. Short-term investments showed a decreasing trend from US$1.642 billion in March 2021 to US$1.176 billion in December 2025, although there were quarterly variations. The combined balance of cash and short-term investments increased overall, indicating a strengthening liquidity position. A notable decrease in short-term investments occurred between March 2021 and June 2021, and again between December 2022 and June 2025.
Receivables
Receivables consistently increased over the period, rising from US$5.269 billion in March 2021 to US$9.101 billion in September 2025, before decreasing slightly to US$8.689 billion in December 2025. This suggests a growth in sales or a lengthening of the credit terms offered to customers. The rate of increase appeared to accelerate in 2022 and 2023.
Inventories
Inventories exhibited a steady increase from US$3.303 billion in March 2021 to US$5.032 billion in December 2025. This increase could be attributed to increased production, anticipated demand, or potential supply chain challenges. The growth was relatively consistent throughout the period.
Noncurrent Assets
Noncurrent assets also demonstrated an overall upward trend, increasing from US$29.229 billion in March 2021 to US$35.355 billion in December 2025. This growth was primarily driven by increases in goodwill and fixed assets. A significant jump in noncurrent assets occurred between September 2025 and December 2025.
Goodwill
Goodwill experienced a substantial increase from US$12.978 billion in March 2021 to US$17.007 billion in September 2025, before decreasing to US$16.794 billion in December 2025. This suggests potential acquisitions or revaluations of existing assets. The largest increase in goodwill occurred between March 2021 and September 2025.
Fixed Assets
Fixed assets, net of accumulated depreciation, showed a moderate increase from US$6.620 billion in March 2021 to US$7.894 billion in December 2025, indicating investment in property, plant, and equipment. The growth was relatively stable throughout the period.
Intangible Assets
Intangible assets fluctuated throughout the period, starting at US$3.397 billion in March 2021 and ending at US$4.988 billion in December 2025. A significant increase occurred between September 2024 and September 2025.

Assets: Selected Items


Current Assets: Selected Items