Helix Energy Solutions Group Inc (HLX)
Quick 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 368,030 | 324,120 | 275,066 | 323,849 | 332,191 | 168,370 | 182,651 | 166,674 | 186,604 | 162,268 | 260,595 | 229,744 | 253,515 | 237,549 | 243,911 | 204,802 | 291,320 | 259,334 | 178,367 | 159,351 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Receivables | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| 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 |
| Quick ratio | 1.21 | 1.07 | 0.92 | 0.93 | 0.74 | 0.43 | 0.48 | 0.58 | 0.63 | 0.49 | 1.12 | 0.89 | 0.91 | 0.92 | 0.89 | 0.94 | 1.04 | 0.94 | 0.62 | 0.57 |
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 provides insight into the company's ability to meet its short-term obligations using its most liquid assets. The trend analysis of the quick ratio over the past few years shows fluctuations:
- The quick ratio started at a low of 0.57 as of March 31, 2020, indicating potential liquidity issues in the short term.
- The ratio improved gradually, reaching a peak of 1.21 as of December 31, 2024, indicating a strengthening ability to cover short-term liabilities with liquid assets.
- However, there were fluctuations in between these periods, with some quarters showing ratios below 1, which may indicate potential liquidity challenges during those times.
- It is essential for investors and stakeholders to monitor the quick ratio consistently to assess the company's liquidity position, as a ratio below 1 may raise concerns about the company's ability to cover immediate obligations.
Overall, the trend analysis of Helix Energy Solutions Group Inc's quick ratio suggests improvements in liquidity over time, with some fluctuations in between that require careful monitoring to ensure continued financial stability.
Peer comparison
Dec 31, 2024