Tidewater Inc (TDW)

Debt-to-assets ratio

		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	Dec 31, 2019
Long-term debt	US$ in thousands	597,352	607,998	620,329	631,361	641,301	179,573	169,423	169,036	168,649	168,279	167,997	167,885	14,139	148,612	148,337	164,934	246,179	273,215	273,015	279,044
Total assets	US$ in thousands	2,047,130	2,089,750	2,077,820	2,062,770	2,071,560	1,344,160	1,327,150	1,297,660	1,283,060	1,282,740	1,054,130	1,095,780	1,123,070	1,151,730	1,188,930	1,251,180	1,350,770	1,415,680	1,553,120	1,579,530
Debt-to-assets ratio		0.29	0.29	0.30	0.31	0.31	0.13	0.13	0.13	0.13	0.13	0.16	0.15	0.01	0.13	0.12	0.13	0.18	0.19	0.18	0.18

September 30, 2024 calculation

Debt-to-assets ratio = Long-term debt ÷ Total assets
= $597,352K ÷ $2,047,130K
= 0.29

The debt-to-assets ratio of Tidewater Inc has been relatively stable over the past few quarters, ranging from 0.29 to 0.31 as of September 30, 2024. This indicates that the company finances its operations and investments with a moderate level of debt compared to its total assets.

Notably, there was a significant increase in the debt-to-assets ratio from 0.01 in September 2021 to 0.29 in June 2022. This may suggest a strategic decision by the company to increase its leverage to fund growth opportunities or meet financial obligations.

However, the ratio declined to the 0.13-0.16 range in the subsequent quarters, indicating a potential reduction in the company's debt relative to its assets. It is important to continue monitoring this ratio to assess the company's financial risk and sustainability of its capital structure.