Tidewater Inc (TDW)

Cash ratio

		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	Dec 31, 2019
Cash and cash equivalents	US$ in thousands	280,840	315,897	280,853	274,437	275,070	171,261	165,145	164,192	115,014	87,981	136,234	149,037	127,414	131,157	131,858	149,933	192,243	203,119	187,802	218,290
Short-term investments	US$ in thousands	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Total current liabilities	US$ in thousands	273,573	340,224	339,137	328,731	332,484	206,443	215,343	194,787	184,403	187,621	125,499	157,942	299,880	162,660	172,648	183,179	163,294	162,159	189,635	185,677
Cash ratio		1.03	0.93	0.83	0.83	0.83	0.83	0.77	0.84	0.62	0.47	1.09	0.94	0.42	0.81	0.76	0.82	1.18	1.25	0.99	1.18

September 30, 2024 calculation

Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($280,840K + $—K) ÷ $273,573K
= 1.03

The cash ratio of Tidewater Inc has fluctuated over the past several quarters, indicating the company's ability to cover its short-term obligations with its cash and cash equivalents.

In the most recent quarter, as of September 30, 2024, the cash ratio stood at 1.03, suggesting that Tidewater Inc had $1.03 in cash and cash equivalents for every $1 of current liabilities. This indicates a healthy liquidity position, as the company has a surplus of cash to meet its immediate financial obligations.

Looking back at previous quarters, the cash ratio has generally been above 1, indicating a consistent ability to cover short-term liabilities with cash on hand. However, there have been some quarters where the cash ratio was below 1, implying a tighter liquidity position during those periods.

Overall, the increasing trend in the cash ratio over the recent quarters signals improved liquidity management by Tidewater Inc, potentially resulting from effective cash flow management or a reduction in short-term liabilities. However, it is essential for the company to maintain a healthy cash ratio to ensure it can easily meet its short-term financial commitments and withstand any unexpected cash flow challenges in the future.