Tidewater Inc (TDW)
Financial leverage ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 2,062,770 | 1,297,660 | 1,095,780 | 1,251,180 | 1,579,530 |
| Total stockholders’ equity | US$ in thousands | 1,039,240 | 865,968 | 701,303 | 822,115 | 1,014,800 |
| Financial leverage ratio | 1.98 | 1.50 | 1.56 | 1.52 | 1.56 |
December 31, 2023 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $2,062,770K ÷ $1,039,240K
= 1.98
The financial leverage ratio of Tidewater Inc has shown fluctuation over the past five years. The ratio was 1.98 in 2023, indicating an increase compared to the previous year. This suggests that the company is relying more on debt to finance its operations and investments relative to its equity. In 2022, the financial leverage ratio decreased to 1.50, showing a reduction in leverage compared to 2021. However, the ratio increased in 2021 and 2020 to 1.56 and 1.52 respectively, before returning to 1.56 in 2019.
Overall, the trend in the financial leverage ratio of Tidewater Inc indicates variability in the company's use of debt over the years, with fluctuations in leveraging levels. Further analysis and examination of the company's capital structure and debt management practices would be necessary to fully understand the implications of these changes in the financial leverage ratio.
Peer comparison
Dec 31, 2023