Bristow Group Inc (VTOL)

Financial leverage 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
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
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
Financial leverage ratio		2.35	2.38	2.33	2.38	2.30	2.29	2.32	2.18	2.21	2.22	2.22	2.22	2.18	2.19	2.19	4.56	1.66	1.67	1.66	1.66

December 31, 2023 calculation

Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $1,937,280K ÷ $823,687K
= 2.35

The financial leverage ratio of Bristow Group Inc has shown fluctuation over the past few quarters, ranging between 1.66 and 4.56. The ratio indicates that the company's assets are financed by a mix of debt and equity, with a higher ratio suggesting a higher level of debt relative to equity.

The company experienced a significant increase in financial leverage in the first quarter of 2020, with a ratio of 4.56, which may have been a result of taking on additional debt during that period. Subsequently, the ratio decreased in the following quarters but remained above 2.

A financial leverage ratio of 2.35 as of December 31, 2023, indicates that the company's debt level is 2.35 times higher than its equity, which may imply a moderate level of financial risk. It is important for investors and stakeholders to monitor the trend of the financial leverage ratio to assess the company's ability to meet its debt obligations and manage financial risk effectively.