Helix Energy Solutions Group Balance Sheet Health
Financial Health criteria checks 5/6
Helix Energy Solutions Group has a total shareholder equity of $1.5B and total debt of $318.2M, which brings its debt-to-equity ratio to 21.7%. Its total assets and total liabilities are $2.6B and $1.1B respectively. Helix Energy Solutions Group's EBIT is $109.3M making its interest coverage ratio 5.9. It has cash and short-term investments of $323.8M.
Key information
21.7%
Debt to equity ratio
US$318.16m
Debt
| Interest coverage ratio | 5.9x |
| Cash | US$323.85m |
| Equity | US$1.47b |
| Total liabilities | US$1.15b |
| Total assets | US$2.61b |
Recent financial health updates
Helix Energy Solutions Group (NYSE:HLX) Seems To Use Debt Quite Sensibly
Jan 25
Is Helix Energy Solutions Group (NYSE:HLX) A Risky Investment?
Sep 08Does Helix Energy Solutions Group (NYSE:HLX) Have A Healthy Balance Sheet?
May 31Is Helix Energy Solutions Group (NYSE:HLX) A Risky Investment?
Feb 11Would Helix Energy Solutions Group (NYSE:HLX) Be Better Off With Less Debt?
Sep 22Here's Why Helix Energy Solutions Group (NYSE:HLX) Can Afford Some Debt
May 11Recent updates
Is There An Opportunity With Helix Energy Solutions Group, Inc.'s (NYSE:HLX) 47% Undervaluation?
Apr 26Helix Energy Solutions: Strong Prospects Going Into 2025, Buy
Apr 26Helix Energy Solutions Group, Inc. (NYSE:HLX) Stock Rockets 26% As Investors Are Less Pessimistic Than Expected
Apr 04Helix Energy Solutions Group (NYSE:HLX) Might Have The Makings Of A Multi-Bagger
Mar 21Helix Energy Solutions: Mediocre 2024 Outlook Provides Buying Opportunity
Feb 28Helix Energy Solutions: Growth And Valuation Don't Really Match Up Here
Jan 30Helix Energy Solutions Group (NYSE:HLX) Seems To Use Debt Quite Sensibly
Jan 25With Helix Energy Solutions Group, Inc. (NYSE:HLX) It Looks Like You'll Get What You Pay For
Dec 29Helix Energy Solutions Group (NYSE:HLX) Shareholders Will Want The ROCE Trajectory To Continue
Dec 07Helix Energy Solutions: Mixed Quarter And Guidance - Buy On Weakness
Oct 30Helix Energy Solutions: Strong Prospects For 2024 And Beyond - Buy
Sep 22Is Helix Energy Solutions Group (NYSE:HLX) A Risky Investment?
Sep 08Helix Energy Solutions Continues Uptrend After Strong Q2-2023 Results
Aug 18Returns At Helix Energy Solutions Group (NYSE:HLX) Are On The Way Up
Aug 18Estimating The Fair Value Of Helix Energy Solutions Group, Inc. (NYSE:HLX)
Jul 28Insight Into Helix Energy Solutions Upcoming Q2-2023 Report
Jul 17Does Helix Energy Solutions Group (NYSE:HLX) Have A Healthy Balance Sheet?
May 31Helix Energy Solutions Group (NYSE:HLX) May Have Issues Allocating Its Capital
Apr 27Is There An Opportunity With Helix Energy Solutions Group, Inc.'s (NYSE:HLX) 22% Undervaluation?
Apr 02Helix Energy Solutions Group GAAP EPS of $0.02 beats by $0.01, revenue of $287.82M beats by $33.79M
Feb 21Is Helix Energy Solutions Group (NYSE:HLX) A Risky Investment?
Feb 11Helix Energy Solutions - Strong Prospects For 2023 And Beyond
Jan 17Is There An Opportunity With Helix Energy Solutions Group, Inc.'s (NYSE:HLX) 29% Undervaluation?
Dec 08Helix Energy Solutions Q3 2022 Earnings Preview
Oct 21Helix Energy: Contract Extension And Rate Revision Can Edge Past The Downtime Concerns
Oct 10Would Helix Energy Solutions Group (NYSE:HLX) Be Better Off With Less Debt?
Sep 22Helix Energy Solutions Q2 2022 Earnings Preview
Jul 22Helix Energy Solutions Group, Inc. (NYSE:HLX) Shares Could Be 42% Below Their Intrinsic Value Estimate
Jun 15Helix Energy Solutions Looks To Beat The Adversities
May 17Here's Why Helix Energy Solutions Group (NYSE:HLX) Can Afford Some Debt
May 11Helix Energy Solutions Group: Attractive At Current Levels
Feb 17Helix Energy Solutions Group, Inc. (NYSE:HLX) Shares Could Be 36% Below Their Intrinsic Value Estimate
Feb 17Is Helix Energy Solutions Group (NYSE:HLX) A Risky Investment?
Jan 22Despite The North Sea Slowdown, Helix Energy Solutions Is Steady
Dec 02Are Investors Undervaluing Helix Energy Solutions Group, Inc. (NYSE:HLX) By 38%?
Oct 30Here's Why Helix Energy Solutions Group (NYSE:HLX) Has A Meaningful Debt Burden
Oct 04Helix Energy Solutions Group (NYSE:HLX) Is Looking To Continue Growing Its Returns On Capital
Jul 18Calculating The Intrinsic Value Of Helix Energy Solutions Group, Inc. (NYSE:HLX)
Jun 30Helix Energy Services (HLX) Presents At 2021 Hotter 'N Hell Engergy Virtual Conference - Slideshow
Jun 16Helix Energy Solutions Group (NYSE:HLX) Takes On Some Risk With Its Use Of Debt
Jun 07Should Shareholders Reconsider Helix Energy Solutions Group, Inc.'s (NYSE:HLX) CEO Compensation Package?
May 13Financial Position Analysis
Short Term Liabilities: HLX's short term assets ($605.8M) exceed its short term liabilities ($348.0M).
Long Term Liabilities: HLX's short term assets ($605.8M) do not cover its long term liabilities ($799.0M).
Debt to Equity History and Analysis
Debt Level: HLX has more cash than its total debt.
Reducing Debt: HLX's debt to equity ratio has reduced from 26.3% to 21.7% over the past 5 years.
Balance Sheet
Cash Runway Analysis
For companies that have on average been loss-making in the past, we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: Whilst unprofitable HLX has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: HLX is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 32.3% per year.