Bristow Group Inc (VTOL)
Debt-to-assets ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Mar 31, 2022 | Dec 31, 2021 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | 512,909 | — |
| Total assets | US$ in thousands | 2,125,250 | 1,937,280 | 1,812,000 | 1,824,280 | 1,824,280 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.28 | 0.00 |
December 31, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $2,125,250K
= 0.00
The debt-to-assets ratio for Bristow Group Inc has exhibited variations over the years based on the provided data. As of December 31, 2021, the company reported a debt-to-assets ratio of 0.00, indicating that the company had no debt relative to its total assets at that time.
However, by March 31, 2022, the ratio increased to 0.28, suggesting that the company's debt levels had risen compared to its asset base. This could indicate a higher reliance on debt financing during that period.
Subsequently, the ratio returned to 0.00 by December 31, 2022, and remained at that level for the following years up to December 31, 2024. A debt-to-assets ratio of 0.00 implies that the company had no debt or very minimal debt compared to its total assets during these periods.
Overall, the fluctuation in the debt-to-assets ratio over the years highlights the company's changing financial leverage and debt management strategies. Investors and stakeholders may further assess the reasons behind these changes to gauge the company's financial health and risk profile.