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