Bristow Group Inc (VTOL)

Debt-to-capital 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 stockholders’ equity	US$ in thousands	823,687	795,541	813,325	798,838	787,307	769,232	793,786	835,815	844,703	839,610	862,709	897,613	979,624	1,010,520	1,029,510	426,485	459,554	459,492	461,756	462,045
Debt-to-capital ratio		0.39	0.40	0.40	0.40	0.39	0.39	0.39	0.38	0.38	0.38	0.38	0.37	0.37	0.36	0.36	0.55	0.24	0.26	0.26	0.26

December 31, 2023 calculation

Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $534,823K ÷ ($534,823K + $823,687K)
= 0.39

The debt-to-capital ratio of Bristow Group Inc has remained relatively stable over the past few periods, fluctuating within the range of 0.36 to 0.40. The ratio indicates the proportion of the company's capital structure that is financed by debt, with the remainder funded by equity.

In general, a lower debt-to-capital ratio suggests a lower level of financial risk as it indicates a higher proportion of equity financing compared to debt financing. On the other hand, a higher ratio may indicate higher financial leverage and associated risks.

Bristow Group Inc's debt-to-capital ratio peaked at 0.55 on March 31, 2020, which could suggest a period of higher debt relative to capital. It is important for the company to manage its debt levels effectively to maintain a healthy balance between debt and equity financing, ensuring sustainable financial stability.

Overall, the stability of the debt-to-capital ratio within a reasonable range over the analyzed periods indicates a balanced capital structure management by Bristow Group Inc. Analyzing this ratio in conjunction with other financial metrics can provide a more comprehensive view of the company's financial health and risk profile.