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.