Helix Energy Solutions Group Inc (HLX)
Debt-to-assets ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total assets | US$ in thousands | 2,597,080 | 2,556,040 | 2,389,340 | 2,326,030 | 2,498,280 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $2,597,080K
= 0.00
The debt-to-assets ratio of Helix Energy Solutions Group Inc has consistently remained at 0.00 from December 31, 2020, to December 31, 2024. This indicates that the company has not utilized debt to finance its assets during this period. A debt-to-assets ratio of 0.00 signifies that the company's assets are entirely funded by equity, implying a lower financial risk and potential stability in the company's capital structure. However, it is important to note that a very low debt-to-assets ratio may also limit the company's ability to leverage debt for potential growth opportunities or tax advantages. Overall, a consistent 0.00 debt-to-assets ratio suggests a conservative financial approach by Helix Energy Solutions Group Inc.
Peer comparison
Dec 31, 2024