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