Helix Energy Solutions Group Inc (HLX)
Debt-to-equity 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 stockholders’ equity | US$ in thousands | 1,501,000 | 1,516,710 | 1,647,470 | 1,740,500 | 1,699,590 |
Debt-to-equity ratio | 0.21 | 0.15 | 0.16 | 0.15 | 0.18 |
December 31, 2023 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $313,430K ÷ $1,501,000K
= 0.21
The debt-to-equity ratio of Helix Energy Solutions Group Inc has fluctuated over the past five years. In 2023, the ratio increased to 0.24 from 0.17 in 2022, indicating a higher level of debt relative to equity compared to the previous year. Despite the increase, the ratio remains relatively low, suggesting that the company has a conservative capital structure with a lower reliance on debt financing.
Looking further back, in 2021 and 2020, the debt-to-equity ratio was 0.19 and 0.20 respectively, showing a slight increase from the previous year. This indicates that the company may have taken on more debt relative to equity during these years.
In contrast, in 2019, the debt-to-equity ratio was also 0.24, the same level as in 2023. This suggests that the company's capital structure reverted to a similar position over the five-year period.
Overall, while there have been fluctuations in the debt-to-equity ratio of Helix Energy Solutions Group Inc, the company has maintained a relatively low level of debt compared to equity, which may indicate a conservative approach to financing its operations. Investors and analysts may view this as a positive indicator of financial stability and lower financial risk.
Peer comparison
Dec 31, 2023