Tidewater Inc (TDW)

Debt-to-assets ratio

		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	Sep 30, 2019
Long-term debt	US$ in thousands	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	419,905
Total assets	US$ in thousands	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	1,754,020
Debt-to-assets ratio		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	0.24

June 30, 2024 calculation

Debt-to-assets ratio = Long-term debt ÷ Total assets
= $607,998K ÷ $2,089,750K
= 0.29

The debt-to-assets ratio provides insight into the proportion of a company's assets that are financed through debt. A higher ratio indicates a larger portion of debt used to finance assets, which may signify higher financial risk.

For Tidewater Inc, the debt-to-assets ratio has varied over the past several quarters. It increased from 0.13 in September 2019 to a peak of 0.31 in December 2023 before declining to 0.29 in June 2024. This suggests fluctuations in the company's debt levels relative to its total assets.

The ratio was relatively stable around 0.13 from March 2020 to September 2022, indicating a consistent debt-to-assets structure during that period. However, the significant increase in the ratio from September 2022 to December 2023 suggests a potential shift towards higher debt financing, which could increase the company's financial risk.

The latest ratio of 0.29 in June 2024 indicates that approximately 29% of Tidewater Inc's assets are financed by debt. It is important for investors and creditors to monitor the trend in this ratio to assess the company's leverage and financial stability.