Oceaneering International Inc (OII)

Debt-to-equity 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-equity ratio 0.67 0.69 0.74 0.77 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

December 31, 2024 calculation

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

Oceaneering International Inc's debt-to-equity ratio has exhibited fluctuations over the past few years. Starting at 1.28 on March 31, 2020, it gradually increased to a peak of 1.49 on June 30, 2022. Subsequently, the ratio started declining, reaching 0.67 on December 31, 2024.

A high debt-to-equity ratio indicates that the company is relying more on debt financing than equity, which can be risky as it signifies higher financial leverage. Conversely, a low ratio suggests the company has a stronger equity position relative to its debt, providing financial stability.

Overall, the downward trend in Oceaneering International Inc's debt-to-equity ratio from mid-2022 to the end of 2024 suggests a potential improvement in its financial structure and reduced reliance on debt for funding its operations.