Tidewater Inc (TDW)

Debt-to-equity 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-equity ratio		0.56	0.59	0.61	0.62	0.20	0.19	0.20	0.20	0.20	0.24	0.24	0.02	0.20	0.19	0.20	0.29	0.31	0.27	0.27	0.39

June 30, 2024 calculation

Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $607,998K ÷ $1,081,250K
= 0.56

The debt-to-equity ratio of Tidewater Inc has experienced fluctuations over the past few quarters, indicating changes in the company's capital structure and financial leverage.

From September 2019 to March 2020, the ratio remained relatively stable between 0.27 and 0.31, suggesting a consistent mix of debt and equity financing. However, there was a significant increase in the ratio to 0.39 by the end of December 2020, indicating a higher level of debt relative to equity during that period.

Subsequently, there was a sharp decline in the debt-to-equity ratio to 0.02 by the end of March 2021, signaling a significant decrease in debt or an increase in equity. This was followed by a fluctuation in the ratio between 0.19 and 0.24 until September 2021.

A notable spike in the ratio occurred in December 2021, reaching 0.24, before dropping back to around 0.20 in March 2022. The ratio remained relatively stable between 0.20 and 0.27 until September 2023.

Starting from June 2023, there was a notable decrease in the debt-to-equity ratio, reaching 0.20 by December 2023. However, the ratio increased again to 0.59 by March 2024, indicating a higher level of debt relative to equity during that quarter.

The latest available data as of June 30, 2024, shows the debt-to-equity ratio at 0.56, reflecting a moderate level of debt compared to equity. Overall, the fluctuations in the debt-to-equity ratio suggest changes in Tidewater Inc's financing strategy and capital structure over the analyzed period.