Helix Energy Solutions Group Inc (HLX)
Current ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 709,682 | 697,841 | 460,589 | 529,538 | 525,645 |
| Total current liabilities | US$ in thousands | 304,416 | 448,618 | 297,955 | 278,283 | 279,307 |
| Current ratio | 2.33 | 1.56 | 1.55 | 1.90 | 1.88 |
December 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $709,682K ÷ $304,416K
= 2.33
The current ratio of Helix Energy Solutions Group Inc has exhibited a generally positive trend over the past five years, indicating the company's ability to meet its short-term obligations with its current assets. It increased from 1.88 in December 2020 to 2.33 in December 2024, reflecting improved liquidity and financial stability. Although there was a slight dip in the ratio in 2022 and 2023, it remained above 1, signifying that the company possesses more than enough current assets to cover its current liabilities. Overall, Helix Energy Solutions Group Inc's current ratio suggests a healthy financial position and the capacity to manage its short-term financial obligations effectively.
Peer comparison
Dec 31, 2024