Tidewater Inc (TDW)

Financial leverage 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
Total assets	US$ in thousands	2,047,130	2,089,750	2,077,820	2,062,770	2,071,560	1,344,160	1,327,150	1,297,660	1,283,060	1,282,740	1,054,130	1,095,780	1,123,070	1,151,730	1,188,930	1,251,180	1,350,770	1,415,680	1,553,120	1,579,530
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
Financial leverage ratio		1.83	1.93	1.97	1.98	2.01	1.51	1.52	1.50	1.52	1.53	1.53	1.56	1.53	1.52	1.51	1.52	1.58	1.59	1.56	1.56

September 30, 2024 calculation

Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $2,047,130K ÷ $1,116,480K
= 1.83

The financial leverage ratio of Tidewater Inc has shown fluctuations over the past few quarters. The ratio decreased from 1.98 in December 2023 to 1.83 in September 2024, indicating a reduction in the company's reliance on debt to finance its operations. However, there was a slight uptick in the ratio in the subsequent quarter to 1.93, suggesting a slight increase in leverage compared to the previous quarter.

Overall, the trend in the financial leverage ratio of Tidewater Inc has been relatively stable, hovering around the 1.5 to 2 range over the past few quarters. This indicates that the company has maintained a moderate level of financial leverage, balancing its use of debt to fund its operations while also considering its equity base.

It is important for Tidewater Inc to monitor its financial leverage ratio closely to ensure it remains at a sustainable level and does not jeopardize the company's financial stability and ability to meet its debt obligations in the long run.