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