Oceaneering International Inc (OII)
Debt-to-capital ratio
Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
---|---|---|---|---|---|---|
Long-term debt | US$ in thousands | 477,058 | 700,973 | 702,067 | 805,251 | 796,516 |
Total stockholders’ equity | US$ in thousands | 628,020 | 519,741 | 504,961 | 552,094 | 1,069,350 |
Debt-to-capital ratio | 0.43 | 0.57 | 0.58 | 0.59 | 0.43 |
December 31, 2023 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $477,058K ÷ ($477,058K + $628,020K)
= 0.43
Oceaneering International, Inc.'s debt-to-capital ratio has been fluctuating over the past five years. The ratio decreased from 0.59 in 2020 to 0.43 in 2019, indicating a reduction in debt relative to total capital. However, this trend reversed as the ratio increased to 0.58 in 2021 and 0.57 in 2022, suggesting a higher proportion of debt in the capital structure during those years.
In 2023, the debt-to-capital ratio improved to 0.43, returning to the level seen in 2019. This decrease may indicate a decrease in debt or an increase in total capital during the year. Overall, the company's debt-to-capital ratio has shown some volatility over the period, demonstrating varying levels of leverage within the capital structure.
Peer comparison
Dec 31, 2023