Helix Energy Solutions Group Inc (HLX)
Quick ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 332,191 | 186,604 | 253,515 | 291,320 | 208,431 |
| Short-term investments | US$ in thousands | — | — | — | — | 44 |
| Receivables | US$ in thousands | 280,427 | 212,779 | 172,942 | 162,015 | 75,646 |
| Total current liabilities | US$ in thousands | 448,618 | 297,955 | 278,283 | 279,307 | 284,960 |
| Quick ratio | 1.37 | 1.34 | 1.53 | 1.62 | 1.00 |
December 31, 2023 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($332,191K
+ $—K
+ $280,427K)
÷ $448,618K
= 1.37
The quick ratio of Helix Energy Solutions Group Inc has shown some variability in recent years. In 2023, the quick ratio was 1.56, which indicates that the company had $1.56 in liquid assets available to cover each dollar of its current liabilities. This ratio decreased slightly from 2022 when it was 1.54.
Comparing to 2021 and 2020, the quick ratio was higher at 1.64 and 1.88 respectively, suggesting a stronger ability to meet short-term obligations with liquid assets during those years. However, in 2019, the quick ratio was lower at 1.35, indicating a lower level of liquidity compared to the more recent years.
Overall, the trend in the quick ratio suggests that Helix Energy Solutions Group Inc has maintained a relatively strong liquidity position in recent years, with some fluctuation. It is important for the company to monitor its liquidity position closely to ensure it can meet its short-term obligations effectively.
Peer comparison
Dec 31, 2023