Helix Energy Solutions Group Inc (HLX)

Quick ratio

Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Cash US$ in thousands 368,030 332,191 186,604 253,515 291,320
Short-term investments US$ in thousands
Receivables US$ in thousands
Total current liabilities US$ in thousands 304,416 448,618 297,955 278,283 279,307
Quick ratio 1.21 0.74 0.63 0.91 1.04

December 31, 2024 calculation

Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($368,030K + $—K + $—K) ÷ $304,416K
= 1.21

The quick ratio of Helix Energy Solutions Group Inc has shown fluctuations over the past five years. It decreased from 1.04 in December 31, 2020 to 0.91 in December 31, 2021, indicating a potential liquidity strain. The ratio further declined to 0.63 at the end of December 31, 2022, which suggests a weakening ability to meet short-term obligations with its most liquid assets.

However, there was a slight improvement in the quick ratio to 0.74 by December 31, 2023, indicating a better position in covering immediate liabilities. The ratio then increased significantly to 1.21 by December 31, 2024, which indicates a strengthened liquidity position compared to the previous years.

Overall, the trend of the quick ratio for Helix Energy Solutions Group Inc shows some volatility, with fluctuations indicating varying levels of ability to cover short-term liabilities with its quick assets. Investors and stakeholders should closely monitor this ratio to assess the company's liquidity health and ability to meet its short-term financial obligations.