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Helix Energy Solutions Group Balance Sheet 2021-2011 | HLX
Brief overview of Helix Energy Solutions Group's balance sheet strength
This overview follows the five latest available annual observations between 2019 and 2025.
Assets changed little, standing at $2.6 billion initially and $2.6 billion at the end. The balance sheet stayed close to its former scale.
Funding shifted toward liabilities: they gained +15.5%, compared with +0.7% for assets.
Internal capital represents 60.4% of the balance sheet, previously 65.5%. This is a strong capital position.
Cash equals 17% of the balance sheet, compared with 8% five periods ago. This is the readily available cushion.
Retained earnings reached $398.9 million, changing -10.4% over the period. A positive accumulated result supports equity.
Balance sheet takeaway
The balance sheet gives no single signal for Helix Energy Solutions Group: some indicators are sound, while leverage or capitalization needs attention.
Annual Balance Sheet Helix Energy Solutions Group
| 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | ||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Net Debt |
64.4 M | 58.2 M | 197 M | 161 M | 229 M | 269 M | 74.9 M | 88 M | 88 M | 582 M | 609 M | |||
Long Term Debt |
298 M | 306 M | - | 262 M | 259 M | 306 M | 393 M | 386 M | 558 M | 28.1 M | 20.4 M | 546 M | 1 B | 1.15 B |
Long Term Debt Current |
60.8 M | 60 M | - | 55.7 M | 51.6 M | 53.8 M | 47.3 M | 110 M | 67.6 M | 71.6 M | 28.1 M | 20.4 M | 16.6 M | - |
Total Non Current Liabilities |
- | - | - | - | 478 M | 612 M | 538 M | 530 M | 779 M | 66.3 M | 38.7 M | 830 M | 1.51 B | 1.74 B |
Total Current Liabilities |
300 M | 304 M | - | 278 M | 279 M | 285 M | 191 M | 266 M | 186 M | 211 M | 226 M | 190 M | 453 M | 396 M |
Total Liabilities |
1.04 B | 1.08 B | - | 679 M | 758 M | 897 M | 730 M | 795 M | 965 M | 1.05 B | 2.54 B | 1.02 B | 1.97 B | 2.13 B |
Deferred Revenue |
17.1 M | 14.9 M | - | 8.27 M | 8.14 M | 11.6 M | 10.1 M | 12.6 M | 8.91 M | - | - | 26.3 M | 62.6 M | 7.65 M |
Retained Earnings |
399 M | 368 M | - | 411 M | 465 M | 445 M | 383 M | 353 M | 323 M | 781 M | 586 M | 586 M | 476 M | 523 M |
Total Assets |
2.62 B | 2.6 B | - | 2.33 B | 2.5 B | 2.6 B | 2.35 B | 2.36 B | 2.25 B | 2.7 B | 2.54 B | 2.54 B | 3.39 B | 3.58 B |
Cash and Cash Equivalents |
445 M | 368 M | 332 M | 254 M | 291 M | 208 M | 279 M | 267 M | 357 M | 494 M | 476 M | 478 M | 437 M | 546 M |
Book Value |
1.58 B | 1.52 B | - | 1.65 B | 1.74 B | 1.7 B | 1.62 B | 1.57 B | 1.28 B | 1.65 B | - | 1.52 B | 1.42 B | 1.45 B |
Total Shareholders Equity |
1.58 B | 1.52 B | 1.5 B | 1.65 B | 1.74 B | 1.7 B | 1.62 B | 1.57 B | 1.28 B | 1.28 B | 1.65 B | 1.5 B | 1.39 B | 1.42 B |
All numbers in USD currency
Quarterly Balance Sheet Helix Energy Solutions Group
| 2026-Q1 | 2025-Q3 | 2025-Q2 | 2025-Q1 | 2024-Q3 | 2024-Q2 | 2024-Q1 | 2023-Q3 | 2023-Q2 | 2023-Q1 | 2022-Q4 | 2022-Q3 | 2022-Q2 | 2022-Q1 | 2021-Q4 | 2021-Q3 | 2021-Q2 | 2021-Q1 | 2020-Q4 | 2020-Q3 | 2020-Q2 | 2020-Q1 | 2019-Q4 | 2019-Q3 | 2019-Q2 | 2019-Q1 | 2018-Q4 | 2018-Q3 | 2018-Q2 | 2018-Q1 | 2017-Q4 | 2017-Q3 | 2017-Q2 | 2017-Q1 | 2016-Q4 | 2016-Q3 | 2016-Q2 | 2016-Q1 | 2015-Q4 | 2015-Q3 | 2015-Q2 | 2015-Q1 | 2014-Q4 | 2014-Q3 | 2014-Q2 | 2014-Q1 | 2013-Q4 | 2013-Q3 | 2013-Q2 | 2013-Q1 | 2012-Q4 | 2012-Q3 | 2012-Q2 | 2012-Q1 | 2011-Q4 | 2011-Q3 | 2011-Q2 | 2011-Q1 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Long Term Debt |
294 M | 298 M | 302 M | 302 M | 305 M | 310 M | 309 M | 219 M | 222 M | 222 M | 226 M | 225 M | - | 258 M | 262 M | 262 M | 265 M | 300 M | 259 M | 259 M | 259 M | 259 M | 306 M | 306 M | 306 M | 306 M | 393 M | 393 M | 393 M | 393 M | 386 M | 386 M | 386 M | 386 M | 558 M | 558 M | 558 M | 558 M | 678 M | 678 M | 678 M | 678 M | 523 M | 523 M | 523 M | 523 M | 546 M | 546 M | 546 M | 546 M | 1 B | 1 B | 1 B | 1 B | 1.15 B | 1.15 B | 1.15 B | 1.15 B |
Total Liabilities |
1.01 B | 1.06 B | 1.1 B | 1.09 B | 1.09 B | 1.1 B | 1.15 B | 904 M | 892 M | 854 M | 873 M | 874 M | - | 715 M | 679 M | 678 M | 718 M | 710 M | 754 M | 754 M | 754 M | 754 M | 894 M | 894 M | 894 M | 894 M | 730 M | 730 M | 730 M | 730 M | 795 M | 795 M | 795 M | 795 M | 965 M | 965 M | 965 M | 965 M | 1.12 B | 1.12 B | 1.12 B | 1.12 B | 1.05 B | 1.05 B | 1.05 B | 1.05 B | 1.02 B | 1.02 B | 1.02 B | 1.02 B | 1.97 B | 1.97 B | 1.97 B | 1.97 B | 2.13 B | 2.13 B | 2.13 B | 2.13 B |
Deferred Revenue |
13.8 M | 31.1 M | 38.6 M | 37.8 M | 25.6 M | 17.1 M | 20.9 M | 18.6 M | 23.6 M | 11.6 M | 9.96 M | 20.8 M | - | 5.56 M | 8.27 M | 9.42 M | 9.27 M | 9.61 M | 8.14 M | 8.14 M | 8.14 M | 8.14 M | 11.6 M | 11.6 M | 11.6 M | 11.6 M | 10.1 M | 10.1 M | 14.4 M | 11.6 M | 12.6 M | 8.66 M | 7.55 M | 12.6 M | 8.91 M | 8.91 M | 8.91 M | 8.91 M | 12.8 M | 12.8 M | 12.8 M | 12.8 M | 11.5 M | 11.5 M | 11.5 M | 11.5 M | 19.6 M | 19.6 M | 19.6 M | 19.6 M | 6.14 M | 6.14 M | 6.14 M | 6.14 M | 7.65 M | 7.65 M | 7.65 M | 7.65 M |
Retained Earnings |
386 M | 391 M | 369 M | 371 M | 348 M | 318 M | 286 M | 341 M | 325 M | 318 M | 323 M | 321 M | - | 369 M | 411 M | 437 M | 456 M | 468 M | 465 M | 465 M | 465 M | 465 M | 445 M | 445 M | 445 M | 445 M | 383 M | 383 M | 383 M | 383 M | 353 M | 353 M | 353 M | 353 M | 323 M | 323 M | 323 M | 323 M | 404 M | 404 M | 404 M | 404 M | 781 M | 781 M | 781 M | 781 M | 586 M | 586 M | 586 M | 586 M | 476 M | 476 M | 476 M | 476 M | 523 M | 523 M | 523 M | 523 M |
Total Assets |
2.57 B | 2.63 B | 2.67 B | 2.64 B | 2.66 B | 2.6 B | 2.61 B | 2.43 B | 2.42 B | 2.37 B | 2.39 B | 2.36 B | - | 2.31 B | 2.33 B | 2.35 B | 2.42 B | 2.42 B | 2.5 B | 2.5 B | 2.5 B | 2.5 B | 2.6 B | 2.6 B | 2.6 B | 2.6 B | 2.35 B | 2.35 B | 2.35 B | 2.35 B | 2.36 B | 2.36 B | 2.36 B | 2.36 B | 2.25 B | 2.25 B | 2.25 B | 2.25 B | 2.4 B | 2.4 B | 2.4 B | 2.4 B | 2.7 B | 2.7 B | 2.7 B | 2.7 B | 2.54 B | 2.54 B | 2.54 B | 2.54 B | 3.39 B | 3.39 B | 3.39 B | 3.39 B | 3.58 B | 3.58 B | 3.58 B | 3.58 B |
Cash and Cash Equivalents |
501 M | 338 M | 320 M | 370 M | 324 M | 275 M | 324 M | 168 M | 183 M | 169 M | 187 M | 165 M | 263 M | 303 M | 254 M | 309 M | 244 M | 205 M | 291 M | 291 M | 291 M | 291 M | 208 M | 208 M | 208 M | 208 M | 279 M | 279 M | 279 M | 279 M | 267 M | 267 M | 267 M | 267 M | 357 M | 357 M | 357 M | 357 M | 494 M | 494 M | 494 M | 494 M | 476 M | 476 M | 476 M | 476 M | 478 M | 478 M | 478 M | 478 M | 437 M | 437 M | 437 M | 437 M | 546 M | 546 M | 546 M | 546 M |
Book Value |
1.56 B | 1.57 B | 1.57 B | 1.55 B | 1.57 B | 1.5 B | 1.47 B | 1.53 B | 1.53 B | 1.52 B | 1.52 B | 1.48 B | - | 1.59 B | 1.65 B | 1.67 B | 1.7 B | 1.71 B | 1.74 B | 1.74 B | 1.74 B | 1.74 B | 1.7 B | 1.7 B | 1.7 B | 1.7 B | 1.62 B | 1.62 B | 1.62 B | 1.62 B | 1.57 B | 1.57 B | 1.57 B | 1.57 B | 1.28 B | 1.28 B | 1.28 B | 1.28 B | 1.28 B | 1.28 B | 1.28 B | 1.28 B | 1.65 B | 1.65 B | 1.65 B | 1.65 B | 1.52 B | 1.52 B | 1.52 B | 1.52 B | 1.42 B | 1.42 B | 1.42 B | 1.42 B | 1.45 B | 1.45 B | 1.45 B | 1.45 B |
Total Shareholders Equity |
1.56 B | 1.57 B | 1.57 B | 1.55 B | 1.57 B | 1.5 B | 1.47 B | 1.53 B | 1.53 B | 1.52 B | 1.52 B | 1.48 B | 1.53 B | 1.59 B | 1.65 B | 1.67 B | 1.7 B | 1.71 B | 1.74 B | 1.74 B | 1.74 B | 1.74 B | 1.7 B | 1.7 B | 1.7 B | 1.7 B | 1.62 B | 1.62 B | 1.62 B | 1.62 B | 1.57 B | 1.57 B | 1.57 B | 1.57 B | 1.28 B | 1.28 B | 1.28 B | 1.28 B | 1.28 B | 1.28 B | 1.28 B | 1.28 B | 1.65 B | 1.65 B | 1.65 B | 1.65 B | 1.5 B | 1.5 B | 1.5 B | 1.5 B | 1.39 B | 1.39 B | 1.39 B | 1.39 B | 1.42 B | 1.42 B | 1.42 B | 1.42 B |
All numbers in USD currency
Balance Sheet is a fundamental financial report of Helix Energy Solutions Group, providing a complete picture of the company’s financial position at a specific point in time. Unlike the income statement, which records the results of operations over a certain period, the balance sheet shows what assets the company owns, what liabilities it has to creditors, and what equity is available to the owners.
For an investor, the balance sheet is important because it allows assessing the company’s financial stability, understanding how much debt it carries, and how dependent it is on borrowed financing. It helps calculate key liquidity and leverage ratios. When analyzing, attention should be paid to the debt-to-equity ratio (Debt/Equity), the amount of cash on the balance sheet, and the ratio of current liabilities to liquid assets.
Features of balance sheet analysis- Vertical and horizontal analysis
Vertical analysis shows the structure of the balance sheet as a percentage of total assets or liabilities, while horizontal analysis shows the dynamics of changes over multiple periods. - Asset quality
It is important to evaluate not only the amount of assets but also their liquidity and realizability. - Accounting for off-balance sheet liabilities
Some liabilities may not be directly reflected in the balance sheet, which requires additional attention.
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