Helix Energy Solutions Group Inc (HLX)

Current 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
Total current assets	US$ in thousands	697,841	554,977	512,010	449,356	460,589	476,118	485,404	503,730	529,538	507,977	519,631	488,937	525,645	521,285	478,253	430,600	438,468	512,346	489,937	450,643
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
Current ratio		1.56	1.42	1.34	1.56	1.55	1.44	2.09	1.96	1.90	1.97	1.89	2.24	1.88	1.89	1.67	1.54	1.54	1.64	1.47	1.81

December 31, 2023 calculation

Current ratio = Total current assets ÷ Total current liabilities
= $697,841K ÷ $448,618K
= 1.56

The current ratio is a key liquidity ratio that provides insight into a company's ability to meet its short-term obligations with its current assets. For Helix Energy Solutions Group Inc, the current ratio has shown some fluctuations over the past eight quarters.

In Q4 2023, the current ratio stood at 1.56, indicating that the company had $1.56 in current assets for every $1 in current liabilities. This suggests that Helix Energy Solutions Group Inc had a slightly stronger liquidity position compared to the previous quarter.

Looking at the trend over the past year, the current ratio has generally been above 1, indicating that the company has had sufficient current assets to cover its short-term liabilities. However, there was a notable decline in the current ratio in Q2 and Q3 of 2022, where it dropped to 1.34 and 1.44 respectively.

Overall, while the current ratio for Helix Energy Solutions Group Inc has shown some variability, it has generally remained above 1, signaling a reasonable ability to meet its short-term financial obligations with its current assets. It would be important to continue monitoring this ratio to ensure that the company maintains a healthy liquidity position.