Tidewater Inc (TDW)
Cash ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 324,918 | 274,437 | 164,192 | 149,037 | 149,933 |
| Short-term investments | US$ in thousands | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 331,613 | 328,731 | 194,787 | 157,942 | 183,179 |
| Cash ratio | 0.98 | 0.83 | 0.84 | 0.94 | 0.82 |
December 31, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($324,918K
+ $—K)
÷ $331,613K
= 0.98
The cash ratio of Tidewater Inc has shown a fluctuating trend over the past five years. Starting at 0.82 on December 31, 2020, the ratio increased to 0.94 by December 31, 2021, indicating the company had slightly more cash to cover its current liabilities. However, by December 31, 2022, the ratio decreased to 0.84, suggesting a slight decrease in the company's ability to cover its short-term obligations with cash alone.
In the subsequent years, the cash ratio remained fairly stable, with values of 0.83 on December 31, 2023, and 0.98 on December 31, 2024. The increase to 0.98 by December 31, 2024 indicates an improvement in the company's liquidity position compared to the previous year.
Overall, while the company's cash ratio has fluctuated over the years, it has generally remained close to 1, which suggests that Tidewater Inc has maintained a reasonable level of liquidity to meet its short-term obligations using its available cash resources.
Peer comparison
Dec 31, 2024