Tidewater Inc (TDW)
Solvency ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Debt-to-capital ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Debt-to-equity ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| 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 |
Tidewater Inc's solvency ratios indicate a strong financial position in terms of its ability to meet its long-term obligations.
1. Debt-to-assets ratio: This ratio has consistently remained at 0.00 over the years, indicating that Tidewater Inc has no debt in relation to its total assets. A lower ratio signifies a lower risk of insolvency.
2. Debt-to-capital ratio: Similar to the debt-to-assets ratio, the debt-to-capital ratio has also maintained a consistent 0.00, highlighting that Tidewater Inc's capital structure is primarily equity-based and devoid of debt obligations.
3. Debt-to-equity ratio: Throughout the period analyzed, the debt-to-equity ratio has consistently remained at 0.00, confirming that Tidewater Inc relies entirely on equity financing and has no debt in its capital structure, providing a clear indication of low financial risk.
4. Financial leverage ratio: Tidewater Inc's financial leverage ratio has shown fluctuations over the years but generally stayed within a moderate range, suggesting that the company has a proper balance between debt and equity financing and is capable of meeting its financial obligations efficiently.
Overall, Tidewater Inc's solvency ratios demonstrate a sound financial position with minimal debt exposure, indicating a low risk of financial distress and a healthy capital structure.
Coverage ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Interest coverage | 4.15 | 3.94 | 3.57 | 3.76 | 3.87 | 4.15 | 5.48 | 2.60 | 0.87 | -2.40 | -4.92 | -5.40 | -6.94 | -5.42 | -4.89 | -7.87 | -6.88 | -7.47 | -7.01 | -3.21 |
The interest coverage ratio for Tidewater Inc has shown a significant improvement over the past few quarters. It was negative in the range of -3.21 to -7.87 for the period between March 31, 2020, to March 31, 2021, indicating the company was unable to cover its interest expenses with its operating income during this time.
However, starting from the quarter ending June 30, 2021, the interest coverage ratio began to gradually improve, albeit still negative, with values ranging from -4.89 to -2.40 by September 30, 2022. This indicates that Tidewater Inc was still not generating enough operating income to cover its interest expenses, but the situation was showing signs of improvement.
From December 31, 2022, onwards, the interest coverage ratio turned positive, reaching 0.87 by the end of that quarter. This positive trend continued throughout 2023 and 2024, with interest coverage ratios increasing steadily to values ranging from 3.57 to 4.15 by the end of December 31, 2024. This improvement suggests that Tidewater Inc has been able to generate sufficient operating income to comfortably cover its interest expenses, signaling a healthier financial position for the company in terms of its ability to meet its interest obligations.