Helix Energy Solutions Group (Helix Energy Solutions Group) Interest Expense : $-22 Mil (TTM As of Dec. 2023)

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What is Helix Energy Solutions Group Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Helix Energy Solutions Group's interest expense for the three months ended in Dec. 2023 was $ -7 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-22 Mil.

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income(EBIT) by its Interest Expense. Helix Energy Solutions Group's Operating Income for the three months ended in Dec. 2023 was $ 26 Mil. Helix Energy Solutions Group's Interest Expense for the three months ended in Dec. 2023 was $ -7 Mil. Helix Energy Solutions Group's Interest Coverage for the quarter that ended in Dec. 2023 was 3.87. The higher the ratio, the stronger the company's financial strength is. Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Helix Energy Solutions Group Interest Expense Historical Data

The historical data trend for Helix Energy Solutions Group's Interest Expense can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Helix Energy Solutions Group Interest Expense Chart

Helix Energy Solutions Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-10.94

-29.36

-23.49

-20.18

-21.36

Helix Energy Solutions Group Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Interest Expense	Get a 7-Day Free Trial															-4.87	-4.86	-4.83	-6.80	-5.48

Helix Energy Solutions Group Interest Expense Calculation

Interest Expense is the amount reported by a company or individual as an expense for borrowed money.

Interest Expense for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-22 Mil.

Helix Energy Solutions Group (NYSE:HLX) Interest Expense Explanation

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Helix Energy Solutions Group's Interest Expense for the three months ended in Dec. 2023 was $-7 Mil. Its Operating Income for the three months ended in Dec. 2023 was $26 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was $430 Mil.

Helix Energy Solutions Group's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2023 )	/	Interest Expense (Q: Dec. 2023 )
	=	-1	*	26.307	/	-6.803
	=	3.87

The higher the ratio, the stronger the company's financial strength is.

Helix Energy Solutions Group (Helix Energy Solutions Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Helix Energy Solutions Group Inc (NYSE:HLX) » Definitions » Interest Expense

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Traded in Other Exchanges

CTV:Germany CTV:Germany

Address

3505 West Sam Houston Parkway North, Suite 400, Houston, TX, USA, 77043

Website

https://www.helixesg.com

Helix Energy Solutions Group Inc is an offshore energy services company. It provides specialty services to the offshore energy industry, with an emphasis on well intervention and robotics operations. Helix provides services primarily in deepwater in the Gulf of Mexico, Brazil, the North Sea, Asia Pacific and West Africa regions. It has four segments Well Intervention, Robotics Production Facilities and Shallow Water Abandonment. the Well Intervention segment includes vessels and equipment used to perform well intervention services primarily in the Gulf of Mexico, the North Sea and Brazil. It derives the majority of its revenue from the US.

Executives

Diana Glassman	director	3505 W SAM HOUSTON PKWY N, SUITE 400, HOUSTON TX 77043
Scott Andrew Sparks	officer: EVP - Operations	3505 WEST SAM HOUSTON PARKWAY NORTH, HOUSTON TX 77043
John Lovoi	director	3505 W SAM HOUSTON PKWY NORTH, SUITE 400, HOUSTON TX 77043
Paula Harris	director	3055 TORRINGTON DRIVE, BALL GROUND GA 30107
Brent Alexander Arriaga	officer: CAO and Corporate Controller	12330 BROKEN BOUGH DR, HOUSTON TX 77024
Thomas Mitchell Little	director	C/O MARATHON OIL CORPORATION, 5555 SAN FELIPE ST, HOUSTON TX 77056
Owen E Kratz	director, officer: CHAIRMAN & CEO	3505 W SAM HOUSTON PKWY NORTH, SUITE 400, HOUSTON TX 77043
Erik Staffeldt	officer: VP - Finance and Accounting	3505 WEST SAM HOUSTON PARKWAY NORTH, HOUSTON TX 77043
Nancy K Quinn	director	P O BOX 650205, DALLAS TX 75265
Amy H Nelson	director	2000 POST OAK BLVD., SUITE 100, HOUSTON TX 77056
Kenneth English Neikirk	officer: SVP, Gen Counsel & Secretary	3505 W. SAM HOUSTON PARKWAY N., SUITE 400, HOUSTON TX 77043
William L Transier	director	3505 W SAM HOUSTON PKWY NORTH, SUITE 400, HOUSTON TX 77043
Alisa B Johnson	officer: SVP, GEN COUNSEL & CORP SEC	3505 SAM HOUSTON PKWY NORTH, SUITE 400, HOUSTON TX 77043
Amerino Gatti	director	13131 DAIRY ASHFORD, SUITE 600, SUGAR LAND TX 77478
Geoffrey C. Wagner	officer: EVP and CCO	15835 PARK TEN PLACE DRIVE, HOUSTON TX 77084