Tidewater Inc (TDW)
Current ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 591,135 | 377,908 | 342,672 | 388,649 | 537,296 |
| Total current liabilities | US$ in thousands | 328,731 | 194,787 | 157,942 | 183,179 | 185,677 |
| Current ratio | 1.80 | 1.94 | 2.17 | 2.12 | 2.89 |
December 31, 2023 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $591,135K ÷ $328,731K
= 1.80
The current ratio of Tidewater Inc has shown a decreasing trend over the past five years. While in 2019 the current ratio was 2.89, indicating a high level of liquidity and ability to cover short-term obligations, it has steadily decreased to 1.80 in 2023.
A current ratio below 2.0 may suggest potential liquidity concerns as it indicates that the company may have difficulty meeting its short-term liabilities with its current assets. However, it is important to note that the current ratio is just one measure of liquidity and should be analyzed in conjunction with other financial indicators to get a comprehensive understanding of the company's financial health. Further analysis regarding the composition of current assets and liabilities would provide more insights into Tidewater Inc's liquidity position.
Peer comparison
Dec 31, 2023