Tidewater Inc (TDW)

Debt-to-capital 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 stockholders’ equity	US$ in thousands	1,116,480	1,081,250	1,056,980	1,039,240	1,032,730	893,083	873,313	865,968	846,639	840,717	689,379	701,303	734,001	758,978	787,766	822,115	852,240	888,509	997,364	1,014,800
Debt-to-capital ratio		0.35	0.36	0.37	0.38	0.38	0.17	0.16	0.16	0.17	0.17	0.20	0.19	0.02	0.16	0.16	0.17	0.22	0.24	0.21	0.22

September 30, 2024 calculation

Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $597,352K ÷ ($597,352K + $1,116,480K)
= 0.35

The debt-to-capital ratio of Tidewater Inc has shown some fluctuations over the past few quarters. The ratio ranged from 0.02 to 0.38 during the period from December 2019 to September 2024.

The company's debt-to-capital ratio increased steadily from the beginning of 2022 until the second quarter of 2023, reaching 0.38 in September 2023. However, there was a significant decrease in the ratio in December 2023 to 0.16, which continued to remain relatively constant in the following quarters.

Overall, the trend in the debt-to-capital ratio indicates that Tidewater Inc has maintained a moderate level of debt in relation to its total capital over the period analyzed. It is essential to monitor this ratio to assess the company's financial leverage and risk management strategies.