Tidewater Inc (TDW)

Debt-to-assets ratio

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Long-term debt	US$ in thousands	631,361	169,036	167,885	164,934	279,044
Total assets	US$ in thousands	2,062,770	1,297,660	1,095,780	1,251,180	1,579,530
Debt-to-assets ratio		0.31	0.13	0.15	0.13	0.18

December 31, 2023 calculation

Debt-to-assets ratio = Long-term debt ÷ Total assets
= $631,361K ÷ $2,062,770K
= 0.31

The debt-to-assets ratio of Tidewater Inc has shown fluctuation over the past five years. On December 31, 2023, the ratio stood at 0.31, indicating that the company financed approximately 31% of its assets through debt. This represents a significant increase compared to the previous year's ratio of 0.13.

In 2022 and 2020, the debt-to-assets ratio was relatively lower at 0.13 and 0.13 respectively, suggesting that the company had a lower reliance on debt to fund its assets during those periods. The ratio increased in 2021 to 0.15 before decreasing again in 2019 to 0.18.

Overall, the varying debt-to-assets ratios suggest fluctuations in Tidewater Inc's capital structure and financial leverage over the years. The increase in 2023 may indicate a shift towards a higher level of debt financing, which could potentially increase the company's financial risk and interest obligations. Further analysis of the company's financial strategy and performance would be necessary to fully understand the implications of these fluctuations in the debt-to-assets ratio.