Is Helix Energy Solutions Group (NYSE:HLX) Using Too Much Debt?

Helix Energy Solutions Group (NYSE:HLX) carries debt but maintains a net cash position of US$30.6 million due to US$338.0 million in cash offsetting US$307.5 million in debt. The company also demonstrated strong free cash flow generation, producing 112% of its EBIT over the last three years, suggesting it can manage its liabilities effectively despite a decline in EBIT last year. Overall, the analysis concludes that HLX is not burdened by excessive debt.

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