Bristow Group Inc (VTOL)
Debt-to-assets ratio
| Dec 31, 2023 | Dec 31, 2022 | Mar 31, 2022 | Mar 31, 2021 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 534,823 | 499,765 | 512,909 | 527,528 | 141,832 |
| Total assets | US$ in thousands | 1,937,280 | 1,812,000 | 1,824,280 | 1,992,270 | 764,515 |
| Debt-to-assets ratio | 0.28 | 0.28 | 0.28 | 0.26 | 0.19 |
December 31, 2023 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $534,823K ÷ $1,937,280K
= 0.28
The debt-to-assets ratio for Bristow Group Inc has been relatively stable over the past few years, standing at 0.28 as of December 31, 2023, December 31, 2022, and March 31, 2022. This indicates that the company finances approximately 28% of its assets through debt. The ratio increased from 0.26 as of March 31, 2021, to 0.28 by December 31, 2023, suggesting a slight increase in the proportion of assets financed by debt over this period. Comparing to the ratio of 0.19 as of December 31, 2019, the company has become more reliant on debt financing since then. Despite the increase, the ratio remains at a moderate level, indicating that a substantial portion of the company's assets is still financed by equity, which may be viewed positively by investors and creditors. Additionally, the stability of the ratio over the past few years suggests that Bristow Group Inc has been managing its debt levels in a consistent manner.