Helix Energy Solutions Group Inc (HLX)

Debt-to-assets ratio

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 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019
Long-term debt US$ in thousands 313,430 218,508 222,469 222,008 225,875 225,427 258,977 258,496 262,137 261,668 265,222 299,560 258,912 283,545 304,834 303,584 306,122 304,932 307,455 381,319
Total assets US$ in thousands 2,556,040 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 2,596,730 2,613,510 2,620,220 2,607,320
Debt-to-assets ratio 0.12 0.09 0.09 0.09 0.09 0.10 0.12 0.11 0.11 0.11 0.11 0.12 0.10 0.11 0.12 0.12 0.12 0.12 0.12 0.15

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 some variability over the past eight quarters, ranging from 0.09 to 0.14. Generally, a lower debt-to-assets ratio indicates a lower level of financial risk as it suggests that the company has a smaller proportion of debt relative to its total assets.

In the most recent quarter, Q4 2023, the debt-to-assets ratio increased to 0.14 from 0.09 in the previous quarter, Q3 2023. This increase may signal a higher reliance on debt financing to support the company's operations or growth initiatives.

Looking back further, the ratio has been relatively stable around the 0.11 to 0.13 range in the preceding quarters of 2022. The consistency in this range suggests a balanced capital structure with a moderate level of debt relative to assets, implying a prudent approach to financing activities.

It is worth noting that while the debt-to-assets ratio provides insights into Helix Energy Solutions Group Inc's financial leverage, a deeper analysis of the company's overall financial health, cash flow generation, and profitability would be necessary to assess the sustainability and implications of its debt levels in the longer term.