Helix Energy Solutions Group Inc (HLX)

Debt-to-equity 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-equity ratio 0.21 0.14 0.15 0.15 0.15 0.15 0.17 0.16 0.16 0.16 0.16 0.18 0.15 0.17 0.18 0.18 0.18 0.18 0.19 0.23

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 shown some fluctuations over the past eight quarters. In Q4 2023, the ratio stands at 0.24, which indicates that the company has $0.24 in debt for every $1 of equity. This represents a moderate level of financial leverage.

Comparing this with the previous quarters, we observe a trend of varying ratios, ranging from 0.15 to 0.19. The lower ratio in Q3 2023 suggests a lower level of debt relative to equity, indicating potentially improved financial stability. However, the ratio increased in Q4 2023, which could signal increased reliance on debt financing.

Overall, the company's debt-to-equity ratio has remained relatively stable around the 0.17 to 0.19 range over the past year, with the latest quarter showing a slight increase. This indicates that Helix Energy Solutions Group Inc is maintaining a balanced capital structure with a mix of debt and equity to fund its operations and investments. Further monitoring of this ratio will be important to assess the company's financial risk and leverage going forward.