Helix Energy Solutions Group Inc (HLX)

Debt-to-assets 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
Long-term debt	US$ in thousands	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Total assets	US$ in thousands	2,597,080	2,661,150	2,596,940	2,613,810	2,579,220	2,434,750	2,423,840	2,369,330	2,389,340	2,355,500	2,213,650	2,307,370	2,326,030	2,347,300	2,417,710	2,421,750	2,498,280	2,505,470	2,484,670	2,514,150
Debt-to-assets ratio		0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	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 over the period from March 31, 2020, to December 31, 2024, as per the provided data. A debt-to-assets ratio of 0.00 indicates that the company has no debt in relation to its total assets during the periods in question.

From this analysis, it can be inferred that Helix Energy Solutions Group Inc has been operating with a debt-free capital structure or has minimal debt obligations relative to its total assets. A debt-to-assets ratio of 0.00 may suggest that the company has been relying more on equity financing or internal funds to support its operations and investments rather than taking on debt.

While a low or zero debt-to-assets ratio can be a positive indicator of financial stability and lower financial risk, it is important to consider the overall context of the company's financial situation, such as its industry norms, profitability, cash flow, and future capital expenditure requirements, to gain a more comprehensive understanding of its financial health and performance.