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.