Schlumberger (FRA:SCL) LT-Debt-to-Total-Asset : 0.24 (As of Sep. 2024)

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What is Schlumberger LT-Debt-to-Total-Asset?

LT Debt to Total Assets is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. It is calculated as a company's Long-Term Debt & Capital Lease Obligationdivide by its Total Assets. Schlumberger's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.24.

Schlumberger's long-term debt to total assets ratio declined from Sep. 2023 (0.24) to Sep. 2024 (0.24). It may suggest that Schlumberger is progressively becoming less dependent on debt to grow their business.

Schlumberger LT-Debt-to-Total-Asset Historical Data

The historical data trend for Schlumberger's LT-Debt-to-Total-Asset 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 LT-Debt-to-Total-Asset Chart

Schlumberger Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.26

0.38

0.32

0.25

0.23

Schlumberger Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.24	0.23	0.22	0.25	0.24

Schlumberger LT-Debt-to-Total-Asset Calculation

Schlumberger's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (A: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2023 )	/	Total Assets (A: Dec. 2023 )
	=	9942.114	/	43976.569
	=	0.23

Schlumberger's Long-Term Debt to Total Asset Ratio for the quarter that ended in Sep. 2024 is calculated as

LT Debt to Total Assets (Q: Sep. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Sep. 2024 )	/	Total Assets (Q: Sep. 2024 )
	=	10689.464	/	44847.275
	=	0.24

Schlumberger (FRA:SCL) LT-Debt-to-Total-Asset Explanation

LT Debt to Total Asset is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. A year-over-year decrease in this metric would suggest the company is progressively becoming less dependent on debt to grow their business.

Schlumberger LT-Debt-to-Total-Asset Related Terms

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Schlumberger Business Description

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GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Schlumberger Ltd (FRA:SCL) » Definitions » LT-Debt-to-Total-Asset

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Address

5599 San Felipe, 17th Floor, Houston, TX, USA, 77056

Website

https://www.slb.com

SLB is the world's premier oilfield-services company as measured by market share. While the industry is mostly fragmented, SLB holds the first or second competitive position in many of the differentiated oligopolies it operates in. Also known as Schlumberger, the company was founded in 1926 by two brothers bearing the same last name. Today it's most known as a global industry leader in innovation, while it focuses its strategy on its three growth engines: its core, digital, and new energy businesses. Over three fourths of its revenue base is tied to international markets, while the company boasts well over $1 billion in digital-related revenue.