Tidewater Inc (TDW)

Solvency ratios

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
Debt-to-assets ratio 0.29 0.29 0.30 0.31 0.31 0.13 0.13 0.13 0.13 0.13 0.16 0.15 0.01 0.13 0.12 0.13 0.18 0.19 0.18 0.18
Debt-to-capital ratio 0.35 0.36 0.37 0.38 0.38 0.17 0.16 0.16 0.17 0.17 0.20 0.19 0.02 0.16 0.16 0.17 0.22 0.24 0.21 0.22
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
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

Tidewater Inc's solvency ratios show the company's ability to meet its long-term financial obligations. The debt-to-assets ratio has been relatively stable around 0.30, indicating that around 30% of its total assets are financed through debt. The debt-to-capital ratio, which includes both debt and equity in the capital structure, has also remained at consistent levels around 0.35, showing a balanced mix of debt and equity financing.

The debt-to-equity ratio has shown a slight increase over the periods, reaching 0.62 in the most recent quarter, indicating a higher reliance on debt in comparison to equity to finance its operations. The financial leverage ratio has fluctuated but generally stayed around 1.50 to 2.00, indicating that the company is utilizing leverage to support its operations and investments.

Overall, Tidewater Inc's solvency ratios suggest a stable financial position with a moderate level of debt and leverage in its capital structure. The company should continue monitoring these ratios to ensure its long-term financial health and sustainability.


Coverage ratios

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
Interest coverage 5.75 5.44 4.81 3.76 7.08 5.54 3.40 1.55 -0.95 -3.76 -5.12 -6.10 -3.83 -3.91 -7.91 -7.73 -6.40 -6.64 -3.16 -2.98

Interest coverage ratio measures a company's ability to meet its interest payments on outstanding debt. A higher ratio indicates a stronger ability to cover interest expenses with operating income.

Analyzing Tidewater Inc's interest coverage ratio over the past few quarters, we see fluctuations in the company's ability to cover its interest expenses. In the most recent quarter, ending September 30, 2024, the interest coverage ratio stands at 5.75, which suggests that Tidewater Inc is generating sufficient operating income to cover its interest payments comfortably.

Looking back over the previous quarters, the trend shows improvements compared to prior periods. The ratio has been on an upward trajectory since December 31, 2023, indicating enhanced financial stability and performance. However, it is noteworthy that there were negative interest coverage ratios in some quarters, such as December 31, 2022, and earlier, which raises concerns about the company's ability to meet interest obligations during those periods.

Overall, the recent trend of increasing interest coverage ratios is positive for Tidewater Inc, indicating a stronger financial position and the ability to handle interest expenses. Monitoring this ratio over time will be crucial to assess the company's debt-servicing capacity and financial health.