TDWTidewater Inc.
Is it safe?
Forensics clean, with a caveat: a safe balance sheet and comfortable debt (AA), but big price swings.
Financially healthy, low distress risk Altman Z-score, a bankruptcy-risk model from five balance-sheet ratios.
Insiders were net sellers (-$5.5M, 90 days to Oct 8, 2026), selling is often routine.
Rock-solid balance sheet, low leverage. A rule of thumb on leverage, not a credit rating.
Large price swings, high volatility. Worst drawdown -97% · now 15% below its 52-week high.
Unless marked, from SEC EDGAR, as of Dec 31, 2025.
Against the whole market›
Percentile against every name Ryufin tracks. Higher is better; the tick marks the middle of the market. Context, not one of the checks above.
Where this answer is blind. Altman sits structurally low for utilities and pipelines; Beneish runs high for fast growers, since sales growth alone lifts it; banks and REITs are excluded.
Can TDW take a bad year?
Tidewater Inc. carries $40M of net debt at 0.08× EBITDA: a load its earnings can carry.
Net debt · as at Q2 2026 · under two and a half years of EBITDA, comfortable
- Net debt / EBITDA
- 0.08×
Net debt / EBITDA · 0.45× a year ago · the load is coming down
- Altman Z-score
- 2.99
Altman Z-score · grey zone, between 1.8 and 3
- Debt / equity
- 0.47×
Debt / equity
Details›
- Total debtQ2 2026
- $653M
- Cash and short-term investments
- $614M
- Net debt
- $40M
- EBITDA, trailing twelve months
- $514M
- Operating profit, trailing twelve months
- $248M
- Debt / equity
- 0.47×
- Total debt / EBITDA
- 1.27×
- Annualised volatilitytwo years of daily moves
- 55%
- Worst drawdown on file
- −97%
- Below its 52-week high
- 15%
Balance sheet from SEC filings; drawdown and volatility from end-of-day closes; Altman Z from the filed statements.
Oil & Gas Equipment & Services
Ranks #7 of 29 by RyuScore