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.