Oceaneering International Inc (OII)

Solvency ratios

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
Debt-to-assets ratio 0.21 0.20 0.21 0.21 0.21 0.25 0.32 0.34 0.35 0.36 0.37 0.37 0.36 0.37 0.38 0.40 0.39 0.40 0.38 0.37
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
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
Financial leverage ratio 3.27 3.38 3.54 3.58 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

Oceaneering International Inc's solvency ratios have shown some fluctuation over the years. The Debt-to-assets ratio has seen a gradual decrease from 0.37 as of March 31, 2020, to 0.21 as of December 31, 2024, indicating the company's ability to rely less on debt financing to support its assets.

The Debt-to-capital ratio, however, has shown a more erratic pattern, starting at 0.56 on March 31, 2020, peaking at 0.60 on March 31, 2021, and then decreasing to 0.40 by December 31, 2024. This suggests a mixed picture of the company's capital structure and leverage over the years.

The Debt-to-equity ratio has displayed a similar trend to the Debt-to-assets ratio, declining from 1.28 on March 31, 2020, to 0.67 by December 31, 2024. This indicates that the company has been reducing its reliance on debt in favor of equity financing, which can be seen as a positive sign of financial health.

The Financial leverage ratio shows some volatility, with fluctuations between 3.27 on December 31, 2024, and 4.08 on September 30, 2022. This ratio provides insight into the company's overall financial risk and the extent to which it employs debt in its capital structure.

Overall, Oceaneering International Inc's solvency ratios suggest a mixed performance in terms of managing debt levels and capital structure. It is important for investors and stakeholders to continue monitoring these ratios to assess the company's long-term financial stability.

Coverage ratios

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
Interest coverage 6.49 5.98 5.55 5.25 4.96 4.61 4.35 3.64 2.90 1.49 0.66 0.66 1.03 1.31 -0.59 -1.23 -10.16 -15.56 -13.68 -14.20

Oceaneering International Inc's interest coverage ratio has shown a significant improvement over the periods analyzed. The interest coverage ratio is a measure of a company's ability to pay its interest expenses on outstanding debt. A higher ratio indicates a stronger ability to cover interest costs with operating income.

From March 31, 2020, to December 31, 2024, Oceaneering International Inc's interest coverage ratio has gradually increased from negative values to 6.49. The negative values in the initial periods suggest that the company's operating income was insufficient to cover its interest expenses, which could indicate financial distress.

However, the positive trend in the later periods shows an improvement in the company's financial position. By March 31, 2024, the interest coverage ratio reached 5.25, indicating that Oceaneering International Inc's operating income was more than sufficient to cover its interest obligations.

Overall, the increasing trend in the interest coverage ratio reflects improved financial stability and capability of Oceaneering International Inc to meet its interest payments.