Tidewater Inc (TDW)

Cash ratio

		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
Cash and cash equivalents	US$ in thousands	324,918	280,840	319,424	287,327	275,678	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
Short-term investments	US$ in thousands	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Total current liabilities	US$ in thousands	331,613	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
Cash ratio		0.98	1.03	0.94	0.85	0.84	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

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 fluctuated over the past few years, indicating changes in the company's ability to cover its short-term liabilities solely with its cash and cash equivalents.

The cash ratio was relatively steady around 0.80-1.00 from March 2020 to December 2021, suggesting a healthy liquidity position during this period. However, there was a notable decrease in the cash ratio in September 2021, dropping to 0.42, which may raise concerns about the company's short-term liquidity.

Subsequently, the cash ratio improved in the following quarters, reaching 1.09 by March 2022, indicating a stronger ability to meet short-term obligations with available cash. However, there was a significant drop in the cash ratio in June 2022 to 0.47, followed by fluctuations around 0.80-0.90 until September 2024.

Overall, while there have been some fluctuations, Tidewater Inc has generally maintained a cash ratio above 0.80 in recent quarters, suggesting a reasonable ability to cover short-term liabilities with cash on hand. Investors and analysts may want to monitor the cash ratio closely to ensure the company maintains a healthy liquidity position moving forward.