Oceaneering International Inc (OII)

Debt-to-equity ratio

		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	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Long-term debt	US$ in thousands	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	796,516	799,855	795,639	790,969
Total stockholders’ equity	US$ in thousands	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	1,069,350	1,297,020	1,352,970	1,385,440
Debt-to-equity ratio		0.76	1.00	1.28	1.35	1.35	1.49	1.49	1.41	1.39	1.36	1.39	1.48	1.46	1.46	1.30	1.28	0.74	0.62	0.59	0.57

December 31, 2023 calculation

Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $477,058K ÷ $628,020K
= 0.76

The debt-to-equity ratio of Oceaneering International, Inc. has exhibited fluctuations over the past eight quarters. In Q4 2023, the ratio improved to 0.76 from a high of 1.35 in Q1 2023. This indicates that the company relied less on debt financing and had a stronger equity position relative to its debt in the most recent quarter.

Despite this positive trend in Q4 2023, the company's debt-to-equity ratio had shown a general upward trajectory from Q2 2022 to Q1 2023, reaching a peak of 1.35. This suggests that the company was more heavily leveraged during this period, indicating potential higher financial risk and increased reliance on debt to finance its operations or growth initiatives.

It is important for stakeholders to closely monitor Oceaneering International's debt-to-equity ratio in future quarters to assess the company's financial health and its ability to manage its debt levels effectively.