Helix Energy Solutions Group Inc (HLX)

Debt-to-capital 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 stockholders’ equity	US$ in thousands	1,501,000	1,530,520	1,531,930	1,515,720	1,516,710	1,481,850	1,531,790	1,592,750	1,647,470	1,669,660	1,700,060	1,707,460	1,740,500	1,705,490	1,654,700	1,649,060	1,699,590	1,679,020	1,648,400	1,629,840
Debt-to-capital ratio		0.17	0.12	0.13	0.13	0.13	0.13	0.14	0.14	0.14	0.14	0.13	0.15	0.13	0.14	0.16	0.16	0.15	0.15	0.16	0.19

December 31, 2023 calculation

Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $313,430K ÷ ($313,430K + $1,501,000K)
= 0.17

The debt-to-capital ratio of Helix Energy Solutions Group Inc has fluctuated over the past eight quarters, ranging from 0.13 to 0.19. The ratio indicates the proportion of the company's capital that is financed through debt.

In Q4 2023, the debt-to-capital ratio increased to 0.19, representing an increase in the level of debt relative to the company's total capital compared to the previous quarters. This increase could suggest heightened leverage and financial risk.

However, it is important to note that the debt-to-capital ratio was relatively stable in the preceding quarters, ranging between 0.13 and 0.16. This could indicate a consistent approach to debt management by the company during that period.

Overall, the fluctuation in the debt-to-capital ratio of Helix Energy Solutions Group Inc highlights the importance of monitoring the company's debt levels and capital structure to assess its financial health and risk profile. Investors and stakeholders should consider this ratio in conjunction with other financial metrics to gain a comprehensive understanding of the company's financial position.