Bristow Group Inc (VTOL)

Debt-to-equity 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-equity ratio		0.65	0.67	0.66	0.67	0.63	0.64	0.63	0.61	0.61	0.62	0.61	0.59	0.58	0.57	0.57	1.21	0.31	0.35	0.34	0.35

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 of Bristow Group Inc has been fluctuating over the period from 2019 to 2023. The ratio stood at 0.65 as of December 31, 2023, indicating that for every dollar of equity, the company had $0.65 in debt. This figure has been relatively stable around the range of 0.61 to 0.67 in recent quarters.

However, there was a significant spike in the debt-to-equity ratio to 1.21 as of March 31, 2020, suggesting a higher leverage position at that specific point in time. This spike may indicate a one-time event or a strategic decision that led to a temporary increase in debt relative to equity.

Overall, a debt-to-equity ratio below 1 implies that the company is primarily financed by equity rather than debt, which can be a positive sign in terms of financial stability and risk management. It is essential to continue monitoring the trend of this ratio over time to assess the company's financial health and risk profile.