Helix Energy Solutions Group Inc (HLX)
Cash ratio
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 368,030 | 324,120 | 275,066 | 323,849 | 332,191 | 168,370 | 182,651 | 166,674 | 186,604 | 162,268 | 260,595 | 229,744 | 253,515 | 237,549 | 243,911 | 204,802 | 291,320 | 259,334 | 178,367 | 159,351 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 304,416 | 303,219 | 300,174 | 348,029 | 448,618 | 390,275 | 382,712 | 288,033 | 297,955 | 330,475 | 232,726 | 256,985 | 278,283 | 258,278 | 274,984 | 218,433 | 279,307 | 276,538 | 286,721 | 279,552 |
| Cash ratio | 1.21 | 1.07 | 0.92 | 0.93 | 0.74 | 0.43 | 0.48 | 0.58 | 0.63 | 0.49 | 1.12 | 0.89 | 0.91 | 0.92 | 0.89 | 0.94 | 1.04 | 0.94 | 0.62 | 0.57 |
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 fluctuated over the past few years, indicating varying levels of liquidity. The ratio compares the company's cash and cash equivalents to its current liabilities, providing insight into its ability to cover short-term obligations with its readily available funds.
From March 31, 2020, to December 31, 2024, the cash ratio ranged from 0.48 to 1.21. The ratio hit its lowest point in June 30, 2023, at 0.48, indicating a lower proportion of cash relative to current liabilities. This could suggest potential liquidity constraints during that period.
Conversely, the cash ratio peaked at 1.21 on December 31, 2024, showing a strong ability to meet short-term obligations with cash on hand. This signifies a healthier liquidity position for the company at the end of 2024.
Overall, the cash ratio of Helix Energy Solutions Group Inc has shown fluctuations, indicating the company's changing liquidity position over the period. Investors and analysts typically look for a consistent and healthy cash ratio to ensure the company can meet its short-term obligations efficiently.
Peer comparison
Dec 31, 2024