Tidewater Inc (TDW)

Debt-to-capital 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 stockholders’ equity	US$ in thousands	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	1,075,430
Debt-to-capital ratio		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	0.28

June 30, 2024 calculation

Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $607,998K ÷ ($607,998K + $1,081,250K)
= 0.36

The debt-to-capital ratio for Tidewater Inc has shown fluctuation over the past few quarters. It increased steadily from 0.16 in March 2021 to 0.38 in December 2023, before slightly declining to 0.36 by June 2024. This suggests that the company's proportion of debt relative to its total capital has been varying over time.

A high debt-to-capital ratio indicates that a significant portion of the company's capital structure is comprised of debt, which may imply higher financial risk and interest obligations. Conversely, a lower ratio suggests a stronger equity position in the company's capital structure.

In Tidewater Inc's case, the ratio has generally been within a reasonable range, although the increase from 0.17 in June 2023 to 0.38 in December 2023 may warrant further analysis. It would be important to consider the reasons behind this significant jump in the ratio and assess the company's ability to manage its debt levels effectively.

Overall, monitoring and analyzing the debt-to-capital ratio of Tidewater Inc over time can provide valuable insights into the company's financial health and its leverage position in the market.