Bristow Group Inc (VTOL)

Debt-to-assets ratio

		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	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Long-term debt	US$ in thousands	534,823	531,319	539,636	538,150	499,765	492,868	502,603	512,909	517,687	518,635	525,571	527,528	568,368	580,342	582,264	515,385	141,832	158,731	158,981	159,961
Total assets	US$ in thousands	1,937,280	1,889,690	1,895,950	1,898,520	1,812,000	1,763,340	1,842,370	1,824,280	1,864,790	1,861,240	1,913,650	1,992,270	2,135,780	2,212,380	2,251,790	1,945,260	764,515	767,075	764,884	765,841
Debt-to-assets ratio		0.28	0.28	0.28	0.28	0.28	0.28	0.27	0.28	0.28	0.28	0.27	0.26	0.27	0.26	0.26	0.26	0.19	0.21	0.21	0.21

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 of Bristow Group Inc has shown consistency over the past few quarters, remaining relatively stable between 0.26 to 0.28. This indicates that the company has been utilizing debt as a financing source for approximately 26% to 28% of its total assets during this period.

A debt-to-assets ratio of around 0.28 suggests that Bristow Group Inc relies more on equity financing rather than debt financing to support its assets, as only 28% of its assets are financed through debt. This indicates a lower level of financial risk, as lower debt levels imply lower interest expenses and debt obligations that need to be met.

It is worth noting that there was a slight decrease in the debt-to-assets ratio in some quarters, such as in March 2021 and December 2019, indicating a potential reduction in debt relative to assets during those periods. Overall, the consistent performance of the debt-to-assets ratio suggests a balanced capital structure and prudent management of debt levels by Bristow Group Inc.