Helix Energy Solutions Group Inc (HLX)
Solvency ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Debt-to-capital ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Debt-to-equity ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| 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 |
The solvency ratios of Helix Energy Solutions Group Inc indicate a strong financial position with consistently low debt levels relative to its assets and capital structure.
The Debt-to-assets ratio has been consistently at 0.00 since March 31, 2020, indicating that the company has been financing its operations primarily through equity rather than debt, which is a positive sign of financial stability.
Similarly, the Debt-to-capital ratio has also remained at 0.00 during the same period, reflecting a healthy capital structure with minimal reliance on debt financing.
The Debt-to-equity ratio has also been at 0.00 consistently, underscoring the minimal debt exposure compared to equity in the company's capital structure.
The Financial leverage ratio, which measures the extent of a company's financial leverage, has shown a slight increase over the years, reaching a peak of 1.78 as of March 31, 2024. While this indicates a slight increase in financial leverage, the ratio remains at a moderate level, suggesting that the company's overall financial risk is still manageable.
Overall, based on these solvency ratios, Helix Energy Solutions Group Inc appears to have a solid financial foundation with low debt levels and a balanced capital structure, which bodes well for its long-term financial stability and sustainability.
Coverage ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Interest coverage | 3.42 | 2.19 | 1.85 | 0.50 | 1.49 | 3.07 | 0.91 | -1.27 | -2.90 | -4.61 | -4.61 | -3.78 | -2.02 | -0.42 | 1.47 | 2.17 | 1.08 | 1.46 | 1.97 | 3.64 |
The interest coverage ratio of Helix Energy Solutions Group Inc has displayed significant fluctuations over the reported periods. From March 31, 2020, where the interest coverage stood at 3.64, it declined to 1.08 by December 31, 2020, indicating a potential strain on the company's ability to meet its interest obligations with its operating income. The ratio further deteriorated into negative territory in subsequent periods through September 30, 2022. This negative trend suggests that Helix Energy Solutions Group Inc may have been experiencing financial difficulties, with its operating income insufficient to cover its interest expenses.
However, starting from June 30, 2023, there was a notable improvement in the interest coverage ratio, with positive values indicating that the company's operating income was sufficient to cover its interest payments. This positive trend continued through December 31, 2024, where the interest coverage ratio reached 3.42, demonstrating a healthier financial position and a stronger ability to service its debt obligations with its operating earnings.
Overall, the analysis of Helix Energy Solutions Group Inc's interest coverage ratio reflects a period of financial challenges followed by a recovery phase, indicating fluctuations in the company's financial performance and debt-servicing capabilities over the reported periods.