Tidewater Inc (TDW)
Debt-to-assets ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total assets | US$ in thousands | 2,074,900 | 2,062,770 | 1,297,660 | 1,095,780 | 1,251,180 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $2,074,900K
= 0.00
The debt-to-assets ratio of Tidewater Inc has consistently remained at 0.00 from December 31, 2020, to December 31, 2024. This indicates that the company has not utilized any debt to finance its assets during this period. A debt-to-assets ratio of 0.00 is generally considered favorable as it suggests low financial risk and a strong financial position, with assets being funded primarily through equity. Tidewater Inc's consistent zero debt-to-assets ratio may reflect a conservative financial strategy focused on minimizing leverage and debt obligations.
Peer comparison
Dec 31, 2024
Company name
Symbol
Debt-to-assets ratio
Tidewater Inc
TDW
0.00
Carnival Corporation
CCL
0.53
International Seaways Inc
INSW
0.00
Kirby Corporation
KEX
0.00
Matson Inc
MATX
0.00
Norwegian Cruise Line Holdings Ltd
NCLH
0.00
Royal Caribbean Cruises Ltd
RCL
0.00