Helix Energy Solutions Group Inc (HLX)

Current 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
Total current assets US$ in thousands 709,682 693,937 601,369 584,176 661,800 554,977 512,010 449,356 460,589 476,118 485,404 503,730 529,538 507,977 519,631 488,937 525,645 521,285 478,253 430,600
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
Current ratio 2.33 2.29 2.00 1.68 1.48 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

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 fluctuations over the past few years. Starting at 1.54 in March 2020, the ratio increased steadily to reach a peak of 2.33 by December 2024. This upward trend indicates that the company's ability to meet its short-term obligations improved significantly during this period.

However, it is important to note that there were some fluctuations in the current ratio during this period, with occasional declines observed in certain quarters. For instance, the ratio dropped to a low of 1.34 in June 2023 before recovering in subsequent quarters. These fluctuations may indicate variations in the company's liquidity position and its ability to manage its current liabilities effectively.

Overall, the general increasing trend in the current ratio suggests that Helix Energy Solutions Group Inc has been strengthening its liquidity position and may have sufficient current assets to cover its short-term obligations. It will be essential for the company to continue monitoring its current ratio and ensuring it remains at healthy levels to sustain its financial health and operational efficiency.