Tidewater Inc (TDW)

Debt-to-equity 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-equity ratio		0.54	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

September 30, 2024 calculation

Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $597,352K ÷ $1,116,480K
= 0.54

The debt-to-equity ratio of Tidewater Inc has shown fluctuations over the past five years. The ratio has been relatively stable between 0.20 and 0.31, indicating a mix of debt and equity financing in the company's capital structure.

Notably, there was a significant increase in the debt-to-equity ratio from 0.02 in December 2021 to 0.59 in March 2024, which suggests a notable increase in the level of debt relative to equity during this period. This could potentially signal a higher level of financial leverage and increased reliance on debt to finance operations or investments.

However, it is important to note that the debt-to-equity ratio improved to 0.54 in September 2024, which may indicate a more balanced capital structure compared to the peak in March 2024. Overall, investors and stakeholders should continue to monitor Tidewater Inc's debt-to-equity ratio to assess the company's financial risk and sustainability of its capital structure.