Tidewater Inc (TDW)

Financial leverage ratio

		Dec 31, 2024	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
Total assets	US$ in thousands	2,074,900	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
Total stockholders’ equity	US$ in thousands	1,114,110	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
Financial leverage ratio		1.86	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

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 past few years, ranging from 1.50 to 2.01. Initially, the ratio increased gradually from 1.56 in March 2020 to a peak of 2.01 in September 2023, indicating a higher level of debt relative to equity during that period. However, from March 2024 onwards, the ratio started to decline steadily, reaching 1.86 by December 2024.

This suggests that Tidewater Inc may have taken on additional debt during the period of increasing leverage, possibly to finance expansion or working capital needs. The subsequent decrease in the leverage ratio could indicate efforts to reduce debt levels or improve the company's financial stability.

It would be important to further analyze the company's financial statements and accompanying disclosures to understand the factors driving these changes in the financial leverage ratio and assess the overall impact on Tidewater Inc's financial health and risk profile.