Oceaneering International Inc (OII)

Financial leverage 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
Total assets	US$ in thousands	2,239,010	2,312,450	2,164,870	2,042,480	2,031,680	1,922,830	1,872,420	1,902,000	1,962,860	1,981,970	2,061,550	2,003,520	2,045,840	2,037,700	2,128,780	2,165,100	2,740,660	2,885,690	2,938,640	2,971,520
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
Financial leverage ratio		3.57	4.08	3.97	3.93	3.91	4.08	3.98	3.83	3.89	3.65	3.70	3.69	3.71	3.68	3.44	3.43	2.56	2.22	2.17	2.14

December 31, 2023 calculation

Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $2,239,010K ÷ $628,020K
= 3.57

Oceaneering International, Inc.'s financial leverage ratio has exhibited some variability over the past eight quarters. The ratio ranged from a low of 3.57 in Q4 2023 to a high of 4.08 in both Q3 2023 and Q3 2022. Overall, the trend suggests that the company's financial leverage has fluctuated within a relatively narrow band, with the most recent quarter showing a slight decrease compared to the previous quarter. This indicates that Oceaneering International's level of debt relative to its equity has remained stable, albeit with some minor fluctuations, during the period under review.