Oceaneering International Inc (OII)

Debt-to-assets ratio

		Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	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
Long-term debt	US$ in thousands	482,009	480,706	479,378	478,173	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
Total assets	US$ in thousands	2,336,350	2,356,490	2,304,870	2,228,880	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
Debt-to-assets ratio		0.21	0.20	0.21	0.21	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

December 31, 2024 calculation

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

Oceaneering International Inc's debt-to-assets ratio demonstrates a fluctuating trend over the analyzed periods, ranging from 0.20 to 0.40. The ratio indicates the proportion of the company's total debt relative to its total assets, serving as a measure of the firm's financial leverage.

The debt-to-assets ratio for Oceaneering International Inc has decreased steadily from 0.40 in September 2020 to 0.21 by December 2024. This decline suggests that the company has been effectively managing its debt levels compared to its asset base. A decreasing trend in the debt-to-assets ratio is typically viewed positively by investors and creditors, as it signifies a lower financial risk and potentially enhanced solvency.

However, it is essential to consider other financial metrics and factors in conjunction with the debt-to-assets ratio to obtain a comprehensive understanding of Oceaneering International Inc's financial health and performance.