What is Tidewater's cash ratio?

Tidewater (TDW) reported cash ratio of 2× in Q1 2026.

How has Tidewater's cash ratio changed year-over-year?

Tidewater's cash ratio increased by 102.1% year-over-year, from 1× to 2×.

What is the long-term trend for Tidewater's cash ratio?

Over 5 years (2020 to 2025), Tidewater's cash ratio has grown at a 17.5% compound annual growth rate (CAGR), from 0.8× to 1.8×.

What does cash ratio mean?

Cash and equivalents divided by current liabilities at the quarter end. The most conservative liquidity measure — what the company could pay immediately with cash on hand.

Tidewater TDW Cash ratio

Cash ratio at other companies

TransoceanRIG

0.3×+0.1×

International Seaways, Inc.INSW

1.6×+0.4×

ValarisVAL

0.8×+0.1×

Noble CorporationNE

0.9×+0.6×

Oceaneering InternationalOII

0.8×+0.3×

Helmerich & PayneHP

0.2×0.0×

Other financials

Income statement

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Revenue$326.2M-2.2%

Operating income$70.6M-9.2%

Net income$6.0M-92.9%

EPS (diluted)$1.66+95.3%

Balance sheet

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Cash & equivalents$552.3M+61.6%

Total debt$654.4M+2.9%

Total equity$1.4B+22.9%

Total assets$2.3B+13.3%

Cash flow

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Operating cash flow$19.2M-76.1%

CapEx$14.9M+45.0%

Free cash flow$4.3M-93.9%

Valuation

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Market cap$3.3B+90.4%

Profitability

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Operating margin20.9%-2.2pp

Net margin19.1%+3.0pp

FCF margin21.4%+0.7pp

Returns & leverage

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Return on equity20.7%+0.5pp

Debt / equity0.5×-0.1×

Current ratio3.3×+1.3×

Where this comes from

Calculated from Tidewater’s reported figures.

cash and equivalents/total current liabilities=2×

Based on the most recent quarter.

The official record: Tidewater’s 10-Q, filed May 4, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Tidewater's cash ratio?: Tidewater (TDW) reported cash ratio of 2× in Q1 2026.
How has Tidewater's cash ratio changed year-over-year?: Tidewater's cash ratio increased by 102.1% year-over-year, from 1× to 2×.
What is the long-term trend for Tidewater's cash ratio?: Over 5 years (2020 to 2025), Tidewater's cash ratio has grown at a 17.5% compound annual growth rate (CAGR), from 0.8× to 1.8×.
What does cash ratio mean?: Cash and equivalents divided by current liabilities at the quarter end. The most conservative liquidity measure — what the company could pay immediately with cash on hand.