Helix Energy Solutions Group Inc (HLX)
Debt-to-assets ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 313,430 | 225,875 | 262,137 | 258,912 | 306,122 |
| Total assets | US$ in thousands | 2,556,040 | 2,389,340 | 2,326,030 | 2,498,280 | 2,596,730 |
| Debt-to-assets ratio | 0.12 | 0.09 | 0.11 | 0.10 | 0.12 |
December 31, 2023 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $313,430K ÷ $2,556,040K
= 0.12
The debt-to-assets ratio of Helix Energy Solutions Group Inc has shown a fluctuating trend over the past five years. In 2023, the ratio stands at 0.14, indicating that 14% of the company's assets are financed by debt. This represents an increase from the previous year's ratio of 0.11.
Comparing to the ratios in 2021, 2020, and 2019 where the ratios were 0.13, 0.14, and 0.16 respectively, the current ratio of 0.14 is closer to the levels observed in 2020 and 2021. The ratio has improved from the peak level of 0.16 in 2019, suggesting that the company has reduced its reliance on debt financing over the years.
The trend in the debt-to-assets ratio indicates that Helix Energy Solutions Group Inc has been managing its debt levels efficiently, maintaining a healthy balance between debt and assets. However, it is important to monitor this ratio closely to ensure sustainable financial stability and leverage levels in the future.
Peer comparison
Dec 31, 2023