Oceaneering International Inc (OII)

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	482,009	477,058	700,973	702,067	805,251
Total assets	US$ in thousands	2,336,350	2,239,010	2,031,680	1,962,860	2,045,840
Debt-to-assets ratio		0.21	0.21	0.35	0.36	0.39

December 31, 2024 calculation

Debt-to-assets ratio = Long-term debt ÷ Total assets
= $482,009K ÷ $2,336,350K
= 0.21

The debt-to-assets ratio for Oceaneering International Inc has shown a declining trend over the past five years, decreasing from 0.39 in December 2020 to 0.21 in December 2024. This indicates that the company has been effectively managing its debt in relation to its total assets. A lower debt-to-assets ratio suggests that a smaller portion of the company's assets is financed through debt, which can be a positive indicator of financial stability and solvency. The decreasing trend over the years reflects a potentially strengthening financial position and improved debt management by Oceaneering International Inc.