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.