Bristow Group Inc (VTOL)
Solvency ratios
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Debt-to-capital ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Debt-to-equity ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Financial leverage ratio | 2.38 | 2.32 | 2.33 | 2.33 | 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 | 1.67 |
The solvency ratios of Bristow Group Inc, as indicated by the debt-to-assets ratio, debt-to-capital ratio, debt-to-equity ratio, and financial leverage ratio, have consistently shown a strong financial position with very low levels of debt relative to assets, capital, and equity.
The data indicates that the company has maintained a conservative financial structure with a debt-to-assets, debt-to-capital, and debt-to-equity ratio of 0.00 throughout the period from March 2020 to December 2024. This suggests that Bristow Group Inc has not relied heavily on debt to finance its operations and has a high proportion of assets, capital, and equity compared to its debt obligations.
The financial leverage ratio, which provides an indication of the company's ability to meet its financial commitments, has shown some fluctuation over the period but generally remained at moderate levels, ranging from 1.67 to 2.38. This indicates that Bristow Group Inc has been able to manage its debt levels effectively and maintain a sustainable level of leverage in its capital structure.
Overall, the solvency ratios suggest that Bristow Group Inc has a strong financial position and is well-equipped to meet its financial obligations, with a prudent approach to managing its debt levels and maintaining a healthy balance between debt and equity in its capital structure.
Coverage ratios
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Interest coverage | 2.01 | 2.52 | 2.71 | 1.03 | 0.16 | -0.22 | -0.58 | 0.32 | 0.54 | 0.51 | 0.66 | 0.70 | 0.62 | 0.42 | 0.07 | -0.22 | -0.30 | 8.76 | 6.81 | 4.89 |
The interest coverage ratio measures a company's ability to meet its interest obligations on outstanding debt. A higher ratio indicates that the company is more capable of servicing its debt.
Analyzing the interest coverage ratio of Bristow Group Inc from March 2020 to December 2024 reveals fluctuations in its ability to cover interest expenses. The ratio improved from 4.89 in March 2020 to 8.76 in September 2020, signaling a stronger ability to pay interest. However, there was a significant decline to -0.30 in December 2020, and the company struggled in the subsequent quarters with negative ratios until June 2021.
Although there was a slight improvement in the interest coverage ratio from September 2021 to June 2022, the company continued to face challenges with ratios below 1.0, indicating potential difficulties in meeting interest payments. Bristow Group Inc showed some recovery in the later quarters of 2023 and 2024, with ratios ranging between 1.03 to 2.71, demonstrating an enhanced capacity to cover interest expenses compared to the earlier troubled periods.
Overall, the interest coverage ratio of Bristow Group Inc exhibited significant variability over the analyzed period, suggesting fluctuations in the company's ability to manage its interest obligations effectively. Investors and creditors should closely monitor the trend of this ratio to assess the company's financial health and debt repayment capabilities.