Tidewater Inc (TDW)

Current 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
Total current assets	US$ in thousands	698,662	625,971	646,941	610,009	585,735	575,366	410,492	396,436	377,908	346,713	329,783	309,191	342,672	350,093	355,163	363,742	388,649	440,815	473,767	518,193
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
Current ratio		2.11	2.29	1.90	1.80	1.78	1.73	1.99	1.84	1.94	1.88	1.76	2.46	2.17	1.17	2.18	2.11	2.12	2.70	2.92	2.73

December 31, 2024 calculation

Current ratio = Total current assets ÷ Total current liabilities
= $698,662K ÷ $331,613K
= 2.11

The current ratio of Tidewater Inc has shown fluctuations over the past few years, indicating varying levels of liquidity and ability to meet short-term obligations. Initially, the company's current ratio was strong, increasing from 2.73 on March 31, 2020, to a peak of 2.92 on June 30, 2020. However, there was a decline in the ratio to 1.17 on September 30, 2021, which might have raised concerns about the firm's short-term liquidity position.

Subsequently, Tidewater Inc improved its current ratio to 2.29 on September 30, 2024, indicating a better ability to cover its current liabilities with current assets. Overall, the current ratio has fluctuated but generally remained above 1, suggesting that the company has typically had sufficient current assets to meet its short-term obligations. However, management should continue to monitor and maintain an appropriate level of liquidity to ensure financial stability.