Helix Energy Solutions Group Inc (HLX)
Financial leverage ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 2,556,040 | 2,389,340 | 2,326,030 | 2,498,280 | 2,596,730 |
| Total stockholders’ equity | US$ in thousands | 1,501,000 | 1,516,710 | 1,647,470 | 1,740,500 | 1,699,590 |
| Financial leverage ratio | 1.70 | 1.58 | 1.41 | 1.44 | 1.53 |
December 31, 2023 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $2,556,040K ÷ $1,501,000K
= 1.70
The financial leverage ratio of Helix Energy Solutions Group Inc has shown fluctuations over the past five years. In 2023, the financial leverage ratio increased to 1.70 from 1.58 in 2022, indicating a higher degree of financial leverage. This could imply that the company is relying more on debt to finance its operations or investments compared to the previous year.
When compared to 2021 where the ratio was 1.41, there has been a notable increase in leverage, suggesting a potential increase in financial risk. It is worth noting that in 2020 and 2019, the financial leverage ratio was 1.44 and 1.53 respectively, indicating fluctuations in the company's leverage position during those years.
Overall, the trend in the financial leverage ratio of Helix Energy Solutions Group Inc suggests that the company has experienced changes in its capital structure and debt levels over the past five years, with a notable increase in leverage in 2023 compared to prior years.
Peer comparison
Dec 31, 2023