Bristow Group Inc (VTOL)
Debt-to-equity 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 stockholders’ equity | US$ in thousands | 823,687 | 787,307 | 835,815 | 897,613 | 459,554 |
| Debt-to-equity ratio | 0.65 | 0.63 | 0.61 | 0.59 | 0.31 |
December 31, 2023 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $534,823K ÷ $823,687K
= 0.65
The debt-to-equity ratio for Bristow Group Inc has shown an increasing trend over the years, indicating a higher reliance on debt financing compared to equity. In the most recent data as of December 31, 2023, the ratio stands at 0.65, which suggests that the company has $0.65 in debt for every $1 of equity.
While the ratio has been gradually increasing from 0.31 in December 2019 to 0.65 in December 2023, it is important to note that the ratio is still within acceptable levels for many industries. However, the upward trend indicates a shift towards a more leveraged capital structure, which may increase financial risk and interest expenses for the company.
It would be advisable for stakeholders to closely monitor this trend to ensure that the company's debt levels are sustainable and that the financial stability of Bristow Group Inc is not compromised in the long run.