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.