Helix Energy Solutions Group Inc (HLX)
Cash ratio
Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
---|---|---|---|---|---|---|
Cash and cash equivalents | US$ in thousands | 332,191 | 186,604 | 253,515 | 291,320 | 208,431 |
Short-term investments | US$ in thousands | — | — | — | — | 44 |
Total current liabilities | US$ in thousands | 448,618 | 297,955 | 278,283 | 279,307 | 284,960 |
Cash ratio | 0.74 | 0.63 | 0.91 | 1.04 | 0.73 |
December 31, 2023 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($332,191K
+ $—K)
÷ $448,618K
= 0.74
The cash ratio of Helix Energy Solutions Group Inc has fluctuated over the past five years, ranging from 0.82 to 1.23. The cash ratio measures the company's ability to cover its short-term liabilities with cash and cash equivalents alone.
In 2023, the cash ratio of 0.93 indicates that for every dollar of current liabilities, the company had $0.93 in cash and cash equivalents available. This suggests a slight decrease in liquidity compared to the previous year but remains at a reasonable level.
The trend over the five-year period shows some variability in the company's ability to meet its short-term obligations with cash on hand. It is important for investors and stakeholders to closely monitor this ratio to ensure the company can effectively manage its liquidity position and meet its financial commitments.
Peer comparison
Dec 31, 2023