Bristow Group Inc (VTOL)

The solvency ratios of Bristow Group Inc indicate a strong financial position with minimal debt relative to its assets, capital, and equity. The Debt-to-assets ratio remained at 0.00 throughout 2021, 2022, 2023, and 2024, signifying that the company's total debt was negligible compared to its total assets.

Similarly, the Debt-to-capital ratio was 0.00 for the same periods, except for March 31, 2022, where it increased to 0.38, still indicating a low level of debt in relation to the company's total capital.

The Debt-to-equity ratio also showed a sound solvency position with a 0.00 ratio for 2021, 2022, 2023, and 2024, except for March 31, 2022, when it rose to 0.61, suggesting a slight increase in debt relative to equity at that point.

The Financial leverage ratio for Bristow Group Inc ranged between 2.18 to 2.38 from December 31, 2021, to December 31, 2024, showing a stable financial structure with a moderate level of leverage relative to the company's equity.

Overall, based on these solvency ratios, Bristow Group Inc appears to have a solid financial position with a conservative debt structure, indicating the company's ability to meet its financial obligations and maintain a healthy balance sheet position.

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Coverage ratios

The interest coverage ratio for Bristow Group Inc has been fluctuating over the past few years. In December 2021, the interest coverage ratio was -0.42, indicating that the company's operating income was not sufficient to cover its interest expenses. This raised concerns about the company's ability to meet its debt obligations.

However, there has been a slight improvement in the interest coverage ratio since then. By March 31, 2022, the ratio increased to 0.89, showing a move towards a better position to cover interest payments. By the end of December 31, 2022, the ratio further improved to 1.14, which indicates that the company's operating income was just sufficient to cover its interest expenses.

In the subsequent years, there were further improvements in the interest coverage ratio. By December 31, 2023, the ratio increased to 1.43, suggesting a healthier financial position with more comfortable coverage of interest expenses. However, in December 31, 2024, the interest coverage ratio dropped to 0.00, which could be a cause for concern as it indicates that the company's operating income was not adequate to cover its interest payments.

Overall, the trend in Bristow Group Inc's interest coverage ratio has shown some improvement, but the fluctuating nature of the ratio raises caution regarding the company's ability to consistently meet its interest obligations. Further monitoring and analysis are recommended to evaluate the company's financial stability and debt repayment capabilities.