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Schlumberger (Schlumberger) Effective Interest Rate on Debt % : 3.75% (As of Mar. 2024)


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What is Schlumberger Effective Interest Rate on Debt %?

Effective Interest Rate on Debt % is the usage rate that a borrower actually pays on a debt. It is calculated as the positive value of Interest Expense divided by its average total debt. Total debt equals to Long-Term Debt & Capital Lease Obligation plus Short-Term Debt & Capital Lease Obligation. Schlumberger's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was $452 Mil. Schlumberger's average total debt for the quarter that ended in Mar. 2024 was $12,068 Mil. Therefore, Schlumberger's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 3.75%.


Schlumberger Effective Interest Rate on Debt % Historical Data

The historical data trend for Schlumberger's Effective Interest Rate on Debt % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Schlumberger Effective Interest Rate on Debt % Chart

Schlumberger Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Effective Interest Rate on Debt %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.89 3.50 3.47 3.71 4.16

Schlumberger Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Effective Interest Rate on Debt % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 3.73 3.88 3.90 4.14 3.75

Competitive Comparison of Schlumberger's Effective Interest Rate on Debt %

For the Oil & Gas Equipment & Services subindustry, Schlumberger's Effective Interest Rate on Debt %, along with its competitors' market caps and Effective Interest Rate on Debt % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Schlumberger's Effective Interest Rate on Debt % Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Schlumberger's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Schlumberger's Effective Interest Rate on Debt % falls into.



Schlumberger Effective Interest Rate on Debt % Calculation

Schlumberger's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Dec. 2023 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (A: Dec. 2022 )+Total Debt  (A: Dec. 2023 ))/ count )
=-1  *  -503/( (12226+11965)/ 2 )
=-1  *  -503/12095.5
=4.16 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=10594 + 1632
=12226

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=10842 + 1123
=11965

Schlumberger's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Dec. 2023 )+Total Debt  (Q: Mar. 2024 ))/ count )
=-1  *  -452/( (11965+12170)/ 2 )
=-1  *  -452/12067.5
=3.75 %

where

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=10842 + 1123
=11965

Total Debt  (Q: Mar. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=10740 + 1430
=12170

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

In the calculation of annual Effective Interest Rate on Debt %, the Interest Expense of the last fiscal year and the average total debt over the fiscal year are used. In calculating the quarterly data, the Interest Expense data used here is four times the quarterly (Mar. 2024) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.


Schlumberger  (NYSE:SLB) Effective Interest Rate on Debt % Explanation

Effective Interest Rate on Debt % measures the usage rate that a borrower actually pays on a debt.


Schlumberger Effective Interest Rate on Debt % Related Terms

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Schlumberger (Schlumberger) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Schlumberger Ltd (NYSE:SLB) » Definitions » Effective Interest Rate on Debt %
Address
5599 San Felipe, 17th Floor, Houston, TX, USA, 77056
SLB, formerly known as Schlumberger, is the largest oilfield service firm in the world, with expertise in myriad disciplines, including reservoir performance, well construction, production enhancement, and more recently, digital solutions. It maintains a reputation as one of the industry's leading innovators, which has earned it dominant share in numerous end markets.
Executives
Mogharbel Khaled Al officer: President Drilling Group C/O SCHLUMBERGER LIMITED, 5599 SAN FELIPE, 17TH FLOOR, HOUSTON TX 77056
Stephane Biguet officer: VP Controller C/O SCHLUMBERGER LIMITED, 5599 SAN FELIPE, 17TH FLOOR, HOUSTON TX 77056
Gavin Rennick officer: VP, Human Resources 5599 SAN FELIPE, 17TH FL, HOUSTON TX 77056
De La Chevardiere Patrick director 5599 SAN FELIPE, 17TH FLOOR, HOUSTON TX 77056
Demosthenis Pafitis officer: Chief Technology Officer 5599 SAN FELIPE, 17TH FLOOR, HOUSTON TX 77056
Kevin Fyfe officer: VP Controller-Operations 5599 SAN FELIPE, 17TH FL, HOUSTON TX 77056
Katharina Beumelburg officer: Chief Sustainability Officer 5599 SAN FELIPE, 17TH FLOOR, HOUSTON TX 77056
Howard Guild officer: Chief Accounting Officer C/O SCHLUMBERGER LIMITED, 5599 SAN FELIPE, 17TH FLOOR, HOUSTON TX 77046
James T Hackett director C/O FLUOR CORPORATION, 6700 LAS COLINAS BLVD, IRVING TX 75039
Rakesh Jaggi officer: Pres Digital & Integration 5599 SAN FELIPE, 17TH FL, HOUSTON TX 77056
Vijay Kasibhatla officer: Director, M&A 5599 SAN FELIPE 17 FLOOR, HOUSTON TX 77056
Rajeev Sonthalia officer: President, IPM 5599 SAN FELIPE, 17TH FLOOR, HOUSTON TX 77056
Abdellah Merad officer: VP Controller, Operations 5599 SAN FELIPE, 17TH FLOOR, HOUSTON TX 77056
Dianne B. Ralston officer: Chief Legal Officer C/O TECHNIPFMC PLC, 11740 KATY FREEWAY, ENERGY TOWER 3, HOUSTON TX 77079
Ugo Prechner officer: VP Controller 5599 SAN FELIPE, 17TH FLOOR, HOUSTON TX 77056

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