Hornbeck Offshore Services, Inc (HOS) Balance Sheet
HOS balance sheet, 2024
December 31, 2024 · U.S. dollars$1.03B assets = $592.3M liabilities + $434.1M equity
Both columns are drawn to the same scale: what HOS owns equals what it owes plus shareholders’ equity. Hover a block for its value.
HOS financial health
Descriptive bands, not a rating. Fiscal 2024.
HOS balance sheet trends, 2023–2024
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $946.5M2023 | $1.03B2024 | +8.4%/yr | |
| Total liabilities | $585.2M2023 | $592.3M2024 | +1.2%/yr | |
| Shareholders’ equity | $361.3M2023 | $434.1M2024 | +20.2%/yr | |
| Cash & short-term investments | $120.1M2023 | $80.8M2024 | −32.7%/yr | |
| Total debt | $349.0M2023 | $441.2M2024 | +26.4%/yr | |
| Net cash (debt) | −$228.9M2023 | −$360.4M2024 | −$131.5M | |
| Working capital | $140.4M2023 | $138.9M2024 | −$1.5M | |
| Current ratio | 2.082023 | 2.182024 | +0.10 | |
| Debt / equity | 0.972023 | 1.022024 | +0.05 |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
HOS assets
HOS liabilities and equity
HOS debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
HOS balance sheet
| 2024 | 2023 | |
|---|---|---|
| Assets | ||
| Cash & short-term investments | $80.8M | $120.1M |
| Cash & equivalents | $80.8M | $120.1M |
| Receivables | $145.5M | $126.4M |
| Inventory | $0 | $0 |
| Other current assets | $30.6M | $24.3M |
| Total current assets | $257.0M | $270.8M |
| Property, plant & equipment (net) | $696.6M | $626.2M |
| Goodwill & intangible assets | $0 | $0 |
| Long-term investments | $0 | $0 |
| Other non-current assets | $72.9M | $49.5M |
| Total assets | $1.03B | $946.5M |
| Liabilities | ||
| Accounts payable | $71.1M | $76.5M |
| Total current liabilities | $118.0M | $130.4M |
| Long-term debt | $441.2M | $349.0M |
| Lease obligations | $24.9M | $26.1M |
| Other long-term liabilities | $33.1M | $105.8M |
| Total liabilities | $592.3M | $585.2M |
| Shareholders' equity | ||
| Retained earnings (deficit) | $176.8M | $148.4M |
| Total shareholders' equity | $434.1M | $361.3M |
| Key figures | ||
| Total debt | $441.2M | $349.0M |
| Net cash (debt) | −$360.4M | −$228.9M |
| Working capital | $138.9M | $140.4M |
| Tangible book value | $434.1M | $361.3M |
| Current ratio | 2.18 | 2.08 |
| Quick ratio | 1.92 | 1.89 |
| Debt / equity | 1.02 | 0.97 |
| Equity / assets | 42.3% | 38.2% |
| Sep '25 | Dec '24 | |
|---|---|---|
| Assets | ||
| Cash & short-term investments | $97.8M | $80.8M |
| Cash & equivalents | $97.8M | $80.8M |
| Receivables | $168.4M | $145.5M |
| Inventory | $0 | $0 |
| Other current assets | $41.3M | $30.6M |
| Total current assets | $307.4M | $257.0M |
| Property, plant & equipment (net) | $764.0M | $696.6M |
| Goodwill & intangible assets | $0 | $0 |
| Long-term investments | $0 | $0 |
| Other non-current assets | $90.4M | $72.9M |
| Total assets | $1.16B | $1.03B |
| Liabilities | ||
| Accounts payable | $57.2M | $71.1M |
| Total current liabilities | $109.2M | $118.0M |
| Long-term debt | $440.3M | $441.2M |
| Lease obligations | $33.5M | $24.9M |
| Other long-term liabilities | $41.4M | $33.1M |
| Total liabilities | $590.9M | $592.3M |
| Shareholders' equity | ||
| Retained earnings (deficit) | $303.4M | $176.8M |
| Total shareholders' equity | $571.0M | $434.1M |
| Key figures | ||
| Total debt | $440.3M | $441.2M |
| Net cash (debt) | −$342.6M | −$360.4M |
| Working capital | $198.3M | $138.9M |
| Tangible book value | $571.0M | $434.1M |
| Current ratio | 2.82 | 2.18 |
| Quick ratio | 2.44 | 1.92 |
| Debt / equity | 0.77 | 1.02 |
| Equity / assets | 49.1% | 42.3% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed —); data from EODHD.
HOS financial position
At the end of fiscal 2024 (December 31, 2024), Hornbeck Offshore Services had total assets of $1.0 billion (up 8.4% from a year earlier), total liabilities of $592.3 million and shareholders' equity of $434.1 million. It held $80.8 million in cash and short-term investments against $441.2 million of debt, net debt of $360.4 million. Its current ratio was 2.18. In the latest quarter (ended September 30, 2025) total assets were $1.2 billion and equity $571.0 million.
Related: HOS income statement, HOS cash flow statement, HOS key metrics. See the HOS stock overview for the latest quote and news.
HOS balance sheet FAQ
What are Hornbeck Offshore Services's total assets?
Hornbeck Offshore Services reported total assets of $1.0 billion at the end of fiscal 2024 (December 31, 2024), compared with $946.5 million a year earlier.
How much debt does Hornbeck Offshore Services have?
Hornbeck Offshore Services had $441.2 million of total debt at the end of fiscal 2024, including short-term borrowings and lease obligations. Its debt-to-equity ratio was 1.02.
How much cash does Hornbeck Offshore Services have?
Hornbeck Offshore Services held $80.8 million in cash and short-term investments at the end of fiscal 2024; with $441.2 million of debt that is net debt of $360.4 million.
What is Hornbeck Offshore Services's book value?
Hornbeck Offshore Services's shareholders' equity (book value) was $434.1 million at the end of fiscal 2024.
What is Hornbeck Offshore Services's current ratio?
Hornbeck Offshore Services had current assets of $257.0 million and current liabilities of $118.0 million, a current ratio of 2.18 (it can cover its short-term obligations).