Oceaneering International Inc (OII)

Debt-to-equity ratio

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Long-term debt	US$ in thousands	482,009	477,058	700,973	702,067	805,251
Total stockholders’ equity	US$ in thousands	714,259	628,020	519,741	504,961	552,094
Debt-to-equity ratio		0.67	0.76	1.35	1.39	1.46

December 31, 2024 calculation

Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $482,009K ÷ $714,259K
= 0.67

The debt-to-equity ratio of Oceaneering International Inc has shown a decreasing trend over the past five years. As of December 31, 2020, the ratio was 1.46, indicating that the company had $1.46 in debt for every $1 of equity. By December 31, 2024, the ratio had decreased to 0.67, suggesting that the company's reliance on debt financing relative to equity had significantly decreased. This trend indicates a potentially improving financial position, as a lower debt-to-equity ratio generally signifies lower financial risk and a stronger balance sheet. Management's efforts to reduce debt levels or increase equity investments may have contributed to this favorable trend.