Tidewater Inc (TDW)
Financial leverage ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 2,074,900 | 2,062,770 | 1,297,660 | 1,095,780 | 1,251,180 |
| Total stockholders’ equity | US$ in thousands | 1,114,110 | 1,039,240 | 865,968 | 701,303 | 822,115 |
| Financial leverage ratio | 1.86 | 1.98 | 1.50 | 1.56 | 1.52 |
December 31, 2024 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $2,074,900K ÷ $1,114,110K
= 1.86
The financial leverage ratio of Tidewater Inc has shown some fluctuations over the years. It was 1.52 as of December 31, 2020, and slightly increased to 1.56 by December 31, 2021. However, by December 31, 2022, it decreased to 1.50. The ratio then experienced a significant jump to 1.98 by December 31, 2023, indicating a higher level of financial leverage. Subsequently, by December 31, 2024, the ratio decreased to 1.86.
The trend in the financial leverage ratio suggests that Tidewater Inc's reliance on debt financing relative to equity has varied over the years. The increase in the ratio in 2023 may indicate a higher level of debt in the company's capital structure, which could potentially increase financial risk. It would be essential for stakeholders to monitor this ratio closely to assess the company's ability to meet its debt obligations and manage financial risk effectively.
Peer comparison
Dec 31, 2024