Bristow Group Inc (VTOL)

The solvency ratios of Bristow Group Inc over the past few periods indicate the company's ability to meet its long-term financial obligations.

The debt-to-assets ratio has remained relatively stable around 0.28, indicating that approximately 28% of the company's assets are financed by debt. This suggests that Bristow Group Inc has a conservative approach to debt financing and maintains a healthy balance between debt and assets.

The debt-to-capital ratio fluctuates slightly but generally hovers around 0.39 to 0.40, showing that debt represents around 39-40% of the company's total capital structure. This ratio suggests that Bristow Group Inc relies moderately on debt to fund its operations and investments.

The debt-to-equity ratio has also shown consistency, fluctuating between 0.61 to 0.67 over the periods. This indicates that the company's debt levels are around 61-67% of its equity, reflecting a moderate level of leverage in its capital structure.

The financial leverage ratio, which measures the proportion of the company's total assets held in debt, has been stable around 2.20. This indicates that for every unit of equity, the company has around 2.20 units of debt.

Overall, based on these solvency ratios, Bristow Group Inc appears to have a conservative approach to managing its debt levels, maintaining a balanced capital structure to ensure long-term financial stability and liquidity.

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Coverage ratios

The interest coverage ratio of Bristow Group Inc has fluctuated significantly over the past few years. A lower interest coverage ratio indicates a higher financial risk for the company, as it may have difficulty meeting its interest obligations from its operating earnings.

Dec 31, 2023: 1.44 - This indicates that the company's operating income was 1.44 times higher than its interest expenses, showing a moderate ability to cover interest payments.
Sep 30, 2023: 0.92 - A decrease from the previous period, suggesting a decrease in the company's ability to cover interest expenses.
Jun 30, 2023: 0.66 - A further decrease in the interest coverage ratio, indicating a potentially higher financial risk.
Mar 31, 2023: 1.35 - A slight improvement from the previous quarter but still below 1, raising concerns about the company's ability to meet interest obligations.
Dec 31, 2022: 1.49 - A moderate interest coverage ratio, showing the company's ability to cover interest payments from its operating earnings.
Sep 30, 2022: 1.64 - A relatively healthy interest coverage ratio, indicating a good ability to meet interest obligations.
Jun 30, 2022: 1.65 - Another period with a strong interest coverage ratio.
Mar 31, 2022: 0.89 - A significant decrease from the previous quarter, suggesting a deterioration in the company's ability to cover interest expenses.
Dec 31, 2021: -0.50 - A negative interest coverage ratio indicates that the company's operating income was insufficient to cover its interest expenses, raising serious concerns about financial distress.
Sep 30, 2021: -1.31 - Another period with a negative interest coverage ratio, reflecting ongoing financial challenges.
Jun 30, 2021: -1.91 - A further decline in the interest coverage ratio, indicating a deepening financial crisis.
Mar 31, 2021: -0.10 - A slight improvement but still negative, highlighting ongoing financial difficulties.
Dec 31, 2020: 0.93 - A return to positive territory but at a modest level, suggesting limited ability to cover interest payments.
Sep 30, 2020: -1.56 - Another period with a negative interest coverage ratio, indicating ongoing financial challenges for the company.
Jun 30, 2020: -4.49 - A significant decline, showing severe financial strain in meeting interest obligations.
Mar 31, 2020: -7.29 - A very low interest coverage ratio, indicating a critical financial situation for the company.
Dec 31, 2019: -7.28 - Another period with a very low interest coverage ratio, suggesting persistent financial difficulties.
Sep 30, 2019: -5.82 - A continuation of the negative trend in interest coverage.
Jun 30, 2019: -3.32 - While still negative, there was a slight improvement compared to the previous periods.
Mar 31, 2019: 1.80 - A positive interest coverage ratio, indicating healthy financial performance during this period compared to the subsequent periods.

Overall, the interest coverage ratio for Bristow Group Inc has been volatile, indicating periods of both financial strength and distress. The company's ability to cover interest expenses from operating income has varied significantly, highlighting the importance of monitoring this ratio closely to assess the company's financial health.