Helix Energy Solutions Group Inc (HLX)

Cash ratio

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Cash and cash equivalents	US$ in thousands	368,030	332,191	186,604	253,515	291,320
Short-term investments	US$ in thousands	—	—	—	—	—
Total current liabilities	US$ in thousands	304,416	448,618	297,955	278,283	279,307
Cash ratio		1.21	0.74	0.63	0.91	1.04

December 31, 2024 calculation

Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($368,030K + $—K) ÷ $304,416K
= 1.21

The cash ratio of Helix Energy Solutions Group Inc has shown fluctuations over the years as per the provided data. The cash ratio measures a company's ability to cover its short-term liabilities with cash and cash equivalents.

In December 31, 2020, the cash ratio was 1.04, indicating that Helix Energy Solutions had more than enough cash on hand to cover its short-term obligations.

However, by December 31, 2021, the cash ratio had decreased to 0.91, suggesting a slight decrease in the company's ability to cover its short-term liabilities with cash and cash equivalents.

By December 31, 2022, the cash ratio decreased further to 0.63, indicating a significant reduction in the company's ability to meet its short-term obligations solely through available cash.

In December 31, 2023, the cash ratio improved slightly to 0.74 but still remained lower compared to previous years, indicating that Helix Energy Solutions may have faced challenges in maintaining sufficient cash reserves to cover short-term liabilities.

Finally, in December 31, 2024, the cash ratio surged to 1.21, surpassing the ratio from the initial year, and suggesting that the company had strengthened its ability to meet short-term obligations with cash and cash equivalents.

Overall, the fluctuating trend in Helix Energy Solutions Group Inc's cash ratio highlights the importance of monitoring liquidity levels and managing cash effectively to ensure the company's financial health and ability to meet its short-term commitments.