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.
Peer comparison
Sep 30, 2024