Helix Energy Solutions Group (Helix Energy Solutions Group) Debt-to-Equity

: 0.36 (As of Dec. 2023)

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Helix Energy Solutions Group's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $111 Mil. Helix Energy Solutions Group's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $430 Mil. Helix Energy Solutions Group's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $1,501 Mil. Helix Energy Solutions Group's debt to equity for the quarter that ended in Dec. 2023 was 0.36.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

The historical rank and industry rank for Helix Energy Solutions Group's Debt-to-Equity or its related term are showing as below:

HLX' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.25 Med: 0.32 Max: 0.59
Current: 0.36

During the past 13 years, the highest Debt-to-Equity Ratio of Helix Energy Solutions Group was 0.59. The lowest was 0.25. And the median was 0.32.

HLX's Debt-to-Equity is ranked better than
55.89% of 832 companies
in the Oil & Gas industry
Industry Median: 0.44 vs HLX: 0.36

Helix Energy Solutions Group Debt-to-Equity Historical Data

The historical data trend for Helix Energy Solutions Group's Debt-to-Equity 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.

* Premium members only.

Array ( [0] => - [1] => - [2] => - [3] => - [4] => - [5] => 0.36 [6] => 0.29 [7] => 0.25 [8] => 0.31 [9] => 0.36 )

Helix Energy Solutions Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

0.36

0.29

0.25

0.31

0.36

Helix Energy Solutions Group Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity																0.31	0.30	0.29	0.27	0.36

Competitive Comparison

For the Oil & Gas Equipment & Services subindustry, Helix Energy Solutions Group's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Helix Energy Solutions Group Debt-to-Equity Distribution

For the Oil & Gas industry and Energy sector, Helix Energy Solutions Group's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Helix Energy Solutions Group's Debt-to-Equity falls into.

Helix Energy Solutions Group Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Helix Energy Solutions Group's Debt to Equity Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(110.954	+	429.615)	/	1501
	=	0.36

Helix Energy Solutions Group's Debt to Equity Ratio for the quarter that ended in Dec. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(110.954	+	429.615)	/	1501
	=	0.36

Helix Energy Solutions Group (NYSE:HLX) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.

Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.

Helix Energy Solutions Group Debt-to-Equity Related Terms

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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 » Debt-to-Equity

Comparable Companies

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