Stock Analysis on Net

SLB N.V. (NYSE:SLB)

$24.99

Current Ratio
since 2005

Microsoft Excel

Calculation

SLB N.V., current ratio, long-term trends, calculation

Microsoft Excel

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), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).

1 US$ in millions


The current ratio exhibited fluctuations over the period from 2005 to 2025. Initially, the ratio demonstrated a slight decline from 1.55 in 2005 to 1.42 in 2006, followed by a period of relative stability and improvement through 2011, peaking at 1.95.

Subsequent years saw a general downward trend, with the ratio decreasing to 1.21 in 2017. A modest recovery occurred in 2018 and 2019, but the ratio remained below the levels observed in the earlier part of the analyzed period. The years 2020 and 2021 showed continued stability around 1.23 and 1.22 respectively, before increasing to 1.32 in 2022 and 1.45 in 2023. The most recent year, 2025, shows a slight decrease to 1.33.

Overall Trend
The overall trend indicates a decrease in the current ratio from its high point in 2011. While there have been periods of stabilization and minor increases, the ratio has generally trended downwards, suggesting a potential decrease in the company’s ability to cover its short-term liabilities with its short-term assets over the long term. The recent increase in 2023 is a positive sign, but the slight decrease in 2025 warrants monitoring.
Period of Strength (2005-2011)
From 2005 to 2011, the current ratio consistently remained above 1.42, peaking at 1.95. This indicates a strong liquidity position during this period, with a comfortable margin of current assets over current liabilities. The increase to 1.95 in 2011 suggests improved short-term financial health.
Period of Weakness (2011-2017)
The period from 2011 to 2017 witnessed a consistent decline in the current ratio, reaching a low of 1.21 in 2017. This suggests a weakening liquidity position, potentially indicating challenges in meeting short-term obligations. The decline could be attributed to factors such as increased current liabilities or slower growth in current assets.
Recent Performance (2018-2025)
From 2018 to 2025, the current ratio has fluctuated within a narrower range, generally between 1.17 and 1.45. The recent increase to 1.45 in 2023, followed by a slight decrease to 1.33 in 2025, suggests some improvement in liquidity, but continued monitoring is necessary to confirm a sustained positive trend.

The observed fluctuations in the current ratio should be considered in conjunction with other financial metrics and industry benchmarks to gain a more comprehensive understanding of the company’s liquidity position.


Comparison to Industry (Energy)