Helix Energy Solutions Group Inc (HLX)
Cash ratio
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 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 | 208,431 | 286,340 | 261,142 | 220,023 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 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 | 284,960 | 312,412 | 332,629 | 248,820 |
| Cash ratio | 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 | 0.73 | 0.92 | 0.79 | 0.88 |
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 measures a company's ability to cover its short-term liabilities with its cash and cash equivalents. A higher cash ratio indicates a stronger liquidity position.
Analyzing Helix Energy Solutions Group Inc's cash ratio over the past eight quarters, we observe fluctuations in the ratio. In Q4 2023, the cash ratio was 0.93, indicating that the company had $0.93 in cash and cash equivalents for every dollar of its current liabilities. This was an improvement from the previous quarter, where the ratio was 0.63.
The cash ratio has been varying throughout the quarters, with the highest ratio of 1.29 in Q2 2022 and the lowest ratio of 0.63 in Q3 2023. Overall, the company's cash ratio has shown some volatility, but it has generally remained above 1.0 in the past two years, except for Q4 2023.
Further analysis of the trend in the cash ratio over time and comparison with industry benchmarks would provide a more detailed assessment of Helix Energy Solutions Group Inc's liquidity position and financial stability.
Peer comparison
Dec 31, 2023