Tidewater (Tidewater) Debt-to-Equity

: 0.71 (As of Dec. 2023)

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Tidewater's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $103 Mil. Tidewater's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $631 Mil. Tidewater's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $1,039 Mil. Tidewater's debt to equity for the quarter that ended in Dec. 2023 was 0.71.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

The historical rank and industry rank for Tidewater's Debt-to-Equity or its related term are showing as below:

TDW' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.2 Med: 0.47 Max: 1.24
Current: 0.71

During the past 13 years, the highest Debt-to-Equity Ratio of Tidewater was 1.24. The lowest was 0.20. And the median was 0.47.

TDW's Debt-to-Equity is ranked worse than
64.7% of 830 companies
in the Oil & Gas industry
Industry Median: 0.435 vs TDW: 0.71

Tidewater Debt-to-Equity Historical Data

The historical data trend for Tidewater's Debt-to-Equity can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Tidewater Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.29

0.23

0.24

0.20

0.71

Tidewater Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial															0.20	0.19	0.20	0.72	0.71

Competitive Comparison

For the Oil & Gas Equipment & Services subindustry, Tidewater's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Tidewater Debt-to-Equity Distribution

For the Oil & Gas industry and Energy sector, Tidewater's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Tidewater's Debt-to-Equity falls into.

Tidewater Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Tidewater's Debt to Equity Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(103.077	+	631.361)	/	1039.239
	=	0.71

Tidewater's Debt to Equity Ratio for the quarter that ended in Dec. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(103.077	+	631.361)	/	1039.239
	=	0.71

Tidewater (NYSE:TDW) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.

Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.

Tidewater Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of Tidewater's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.

Tidewater (Tidewater) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Tidewater Inc (NYSE:TDW) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

TD9:Germany TD9:Germany

Address

842 West Sam Houston Parkway North, Suite 400, Houston, TX, USA, 77024

Website

https://www.tdw.com

Tidewater Inc provides offshore service vessels and marine support services to the global offshore energy industry through the operation of a diversified fleet of marine service vessels. The company's vessels and associated vessel services provide support for all phases of offshore exploration, field development, and production. These services include towing of, and anchor handling for, mobile offshore drilling units; transporting supplies and remotely operated vehicle operations and a variety of specialized services. The company operates in the following principal geographical areas the Americas, Asia Pacific, Middle East, Europe/Mediterranean, and West Africa. The majority of its revenue is derived from West Africa.

Executives

Robert Robotti	director	125 PARK AVENUE, SUITE 1607, NEW YORK NY 10017
David E Darling	officer: EVP, COO & Chief HR Officer	6002 ROGERDALE ROAD, SUITE 600, HOUSTON TX 77072
Samuel R Rubio	officer: EVP, CFO & CAO	10111 RICHMOND AVE., STE. 340, HOUSTON TX 77042
Louis Raspino	director	1330 POST OAK BLVD, STE 2700, HOUSTON TX 77056
Lois K Zabrocky	director	666 THIRD AVENUE, 5TH FLOOR, NEW YORK NY 10017
Melissa Cougle	director	777 POST OAK BLVD., 7TH FLOOR, HOUSTON TX 77056
Darron M. Anderson	director	10350 RICHMOND AVENUE, SUITE 550, HOUSTON TX 77042
Quintin Kneen	director, officer: Director, President & CEO	400 N. SAM HOUSTON PKWY E. #900, HOUSTON TX 77060
Daniel A. Hudson	officer: EVP & General Counsel	6002 ROGERDALE ROAD, SUITE 600, HOUSTON TX 77072
Kenneth H Traub	director
Larry T Rigdon	director	914 MAIN STREET, SUITE 1805, HOUSTON TX 77002
Robert P. Tamburrino	director	C/O TIDEWATER INC., 6002 ROGERDALE ROAD, SUITE 600, HOUSTON TX 77072
John T Rynd	director, officer: President and CEO	11 GREENWAY PLAZA, SUITE 2950, HOUSTON TX 77046
Randee E Day	director	217 DEBRA LANE, PALM BEACH FL 33480
Dick Fagerstal	director	C/O SEACOR HOLDINGS INC., 460 PARK AVENUE, 12TH FLOOR, NEW YORK NY 10022