Oceaneering International Inc (OII)

Debt-to-assets ratio

		Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Long-term debt	US$ in thousands	477,058	568,471	700,404	700,695	700,973	701,258	701,539	701,808	702,067	739,980	773,423	804,888	805,251	805,631	806,006	806,396	796,516	799,855	795,639	790,969
Total assets	US$ in thousands	2,239,010	2,312,450	2,164,870	2,042,480	2,031,680	1,922,830	1,872,420	1,902,000	1,962,860	1,981,970	2,061,550	2,003,520	2,045,840	2,037,700	2,128,780	2,165,100	2,740,660	2,885,690	2,938,640	2,971,520
Debt-to-assets ratio		0.21	0.25	0.32	0.34	0.35	0.36	0.37	0.37	0.36	0.37	0.38	0.40	0.39	0.40	0.38	0.37	0.29	0.28	0.27	0.27

December 31, 2023 calculation

Debt-to-assets ratio = Long-term debt ÷ Total assets
= $477,058K ÷ $2,239,010K
= 0.21

Oceaneering International, Inc.'s debt-to-assets ratio has shown a fluctuating trend over the past eight quarters. The ratio decreased from 0.37 in Q1 2022 to 0.21 in Q4 2023, indicating a significant reduction in the proportion of debt compared to total assets. However, it is important to note that the ratio increased in the following quarters, reaching 0.34 in Q1 2023. This suggests that the company may have taken on more debt relative to its assets during this period.

Overall, Oceaneering International, Inc. has maintained a relatively low debt-to-assets ratio, which could indicate a conservative approach to financing its operations. However, the recent fluctuations in the ratio signal potential changes in the company's capital structure and financial leverage. Further analysis and monitoring of this ratio will be crucial to assess Oceaneering International, Inc.'s financial health and risk management strategies.