International Seaways Inc (INSW)
Debt-to-assets ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total assets | US$ in thousands | 2,636,400 | 2,521,820 | 2,615,330 | 2,346,780 | 1,586,540 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $2,636,400K
= 0.00
The debt-to-assets ratio for International Seaways Inc has consistently been 0.00 over the past five years, from December 31, 2020, to December 31, 2024. This indicates that the company has not used any debt to finance its assets during this period. A debt-to-assets ratio of 0.00 suggests a strong financial position with minimal risk associated with debt obligations, as the company's assets are primarily financed through equity or other non-debt sources. This could be seen as a positive sign for investors and creditors, as it indicates a lower level of financial leverage and potentially lower financial risk for the company.
Peer comparison
Dec 31, 2024