Is Helix Energy Solutions Group financially healthy?
Yes
Helix Energy Solutions Group could pay off all its debt with 0.7 years of earnings.
The numbers behind it
Net debt / EBITDA0.7 years
Cash vs. debt$445M vs. $630M
Current ratio2.9×Short-term assets for each $1 of bills due within a year
Interest coverage3.1×How many times operating profit covers the interest bill
How we decide
We measure debt in years of earnings (net debt / EBITDA): under 1 is very comfortable, 1 to 3 is manageable, above 3 is heavy. A company that earns less than 3 times its interest bill also counts as weak.
More questions about Helix Energy Solutions Group
Data as of Sep 1, 2026.