Tidewater Inc (TDW)
Quick 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 | 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 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Receivables | 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 |
| Quick 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
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 shown fluctuations over the past five years, ranging from a low of 0.42 to a high of 1.25. The quick ratio, which measures the company's ability to meet its short-term obligations with its most liquid assets, was strongest in June 2020 at 1.25 and lowest in September 2021 at 0.42.
In general, a quick ratio of 1 or higher is considered healthy as it indicates that the company has enough liquid assets to cover its short-term liabilities. Tidewater Inc's quick ratio has been below 1 for several quarters, which may indicate potential liquidity concerns. However, the quick ratio improved to above 1 in March 2022, signaling a better ability to meet short-term obligations with liquid assets.
Overall, it is important for Tidewater Inc to closely monitor and manage its liquidity position to ensure it can meet its short-term financial obligations without relying heavily on selling long-term assets or taking on additional debt.
Peer comparison
Dec 31, 2024