Oceaneering International Inc (OII)

Debt-to-capital 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 stockholders’ equity	US$ in thousands	714,259	697,978	651,032	623,080	628,020	566,272	545,419	520,243	519,741	471,235	470,665	495,992	504,961	543,034	556,669	542,282	552,094	553,356	619,346	630,596
Debt-to-capital ratio		0.40	0.41	0.42	0.43	0.43	0.50	0.56	0.57	0.57	0.60	0.60	0.59	0.58	0.58	0.58	0.60	0.59	0.59	0.57	0.56

December 31, 2024 calculation

Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $482,009K ÷ ($482,009K + $714,259K)
= 0.40

The debt-to-capital ratio for Oceaneering International Inc has shown a slight fluctuation over the past few years. Starting at 0.56 in March 2020, the ratio increased to 0.60 by March 2021, but then decreased to 0.56 by June 2023. Between September 2023 and December 2024, the ratio consistently declined from 0.50 to 0.40.

Overall, the trend indicates that the company has been gradually decreasing its debt-to-capital ratio, which suggests a strengthening financial position in terms of its debt obligations relative to its equity. This reduction may be a positive sign for investors and creditors as it signifies a lower reliance on debt financing and potentially lower financial risk for the company. However, it is important to continue monitoring the ratio to ensure it remains at a sustainable level in the future.