Tidewater Inc (TDW)
Quick ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 324,918 | 274,437 | 164,192 | 149,037 | 149,933 |
| Short-term investments | US$ in thousands | — | — | — | — | — |
| Receivables | US$ in thousands | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 331,613 | 328,731 | 194,787 | 157,942 | 183,179 |
| Quick ratio | 0.98 | 0.83 | 0.84 | 0.94 | 0.82 |
December 31, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($324,918K
+ $—K
+ $—K)
÷ $331,613K
= 0.98
The quick ratio of Tidewater Inc has been relatively stable over the past five years, ranging from 0.82 in December 2020 to 0.98 in December 2024. This indicates the company's ability to meet its short-term obligations with its most liquid assets, such as cash and marketable securities.
A quick ratio below 1.0 may suggest that the company could face liquidity challenges in the short term if it needs to settle its current liabilities immediately. However, the gradual increase in the quick ratio from 2020 to 2024 is a positive trend, showing an improvement in Tidewater Inc's liquidity position.
Overall, while the quick ratio is below the ideal threshold of 1.0, the consistent improvement over the years indicates that Tidewater Inc is enhancing its liquidity management and may be better positioned to meet its short-term financial obligations moving forward.
Peer comparison
Dec 31, 2024