Helix Energy Solutions Group Inc (HLX)

Financial leverage ratio

		Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	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
Total assets	US$ in thousands	2,597,080	2,661,150	2,596,940	2,613,810	2,579,220	2,434,750	2,423,840	2,369,330	2,389,340	2,355,500	2,213,650	2,307,370	2,326,030	2,347,300	2,417,710	2,421,750	2,498,280	2,505,470	2,484,670	2,514,150
Total stockholders’ equity	US$ in thousands	1,586,740	1,570,570	1,496,790	1,466,820	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
Financial leverage ratio		1.64	1.69	1.74	1.78	1.72	1.59	1.58	1.56	1.58	1.59	1.45	1.45	1.41	1.41	1.42	1.42	1.44	1.47	1.50	1.52

December 31, 2024 calculation

Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $2,597,080K ÷ $1,586,740K
= 1.64

The financial leverage ratio of Helix Energy Solutions Group Inc has shown a slight decreasing trend from March 2020 to March 2021, reflecting a decrease in the company's reliance on debt to finance its operations. However, from March 2021 to December 2024, the ratio has been gradually increasing, indicating an increasing level of leverage in the company's capital structure. This upward trend may suggest that Helix Energy Solutions Group Inc has been taking on more debt relative to its equity over time. The ratio peaked at 1.78 as of March 31, 2024, indicating that for every dollar of equity, the company had $1.78 in debt. It is important for investors and stakeholders to closely monitor the company's leverage levels to ensure it remains financially stable and able to meet its obligations in the long term.