Tidewater Balance Sheet Health
Financial Health criteria checks 2/6
Tidewater has a total shareholder equity of $1.0B and total debt of $734.4M, which brings its debt-to-equity ratio to 70.8%. Its total assets and total liabilities are $2.1B and $1.0B respectively. Tidewater's EBIT is $176.2M making its interest coverage ratio 4. It has cash and short-term investments of $274.4M.
Key information
70.8%
Debt to equity ratio
US$734.44m
Debt
Interest coverage ratio | 4x |
Cash | US$274.44m |
Equity | US$1.04b |
Total liabilities | US$1.03b |
Total assets | US$2.06b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: TD9's short term assets ($591.1M) exceed its short term liabilities ($328.7M).
Long Term Liabilities: TD9's short term assets ($591.1M) do not cover its long term liabilities ($696.3M).
Debt to Equity History and Analysis
Debt Level: TD9's net debt to equity ratio (44.3%) is considered high.
Reducing Debt: TD9's debt to equity ratio has increased from 38.3% to 70.8% over the past 5 years.
Debt Coverage: TD9's debt is not well covered by operating cash flow (14.3%).
Interest Coverage: TD9's interest payments on its debt are well covered by EBIT (4x coverage).