Helix Energy Solutions Group Inc (HLX)
Current ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 697,841 | 460,589 | 529,538 | 525,645 | 438,468 |
| Total current liabilities | US$ in thousands | 448,618 | 297,955 | 278,283 | 279,307 | 284,960 |
| Current ratio | 1.56 | 1.55 | 1.90 | 1.88 | 1.54 |
December 31, 2023 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $697,841K ÷ $448,618K
= 1.56
The current ratio of Helix Energy Solutions Group Inc has shown fluctuations over the past five years. As of December 31, 2023, the current ratio stands at 1.56, which indicates that the company's current assets exceed its current liabilities. This ratio has been relatively stable in recent years, ranging from 1.54 to 1.90.
A current ratio above 1 suggests that the company has sufficient current assets to cover its current liabilities, providing a buffer against potential liquidity issues. A higher current ratio, such as the 1.90 reported in 2021, indicates a stronger liquidity position.
While a fluctuating current ratio is not unusual for companies, investors and creditors typically look for consistency and a current ratio above 1 to ensure the company can meet its short-term obligations. Overall, the current ratio of Helix Energy Solutions Group Inc reflects a reasonable liquidity position, albeit with some variability in recent years.
Peer comparison
Dec 31, 2023