Flex Balance Sheet Health
Financial Health criteria checks 6/6
Flex has a total shareholder equity of $6.4B and total debt of $3.4B, which brings its debt-to-equity ratio to 53.3%. Its total assets and total liabilities are $20.4B and $13.9B respectively. Flex's EBIT is $1.4B making its interest coverage ratio 8.8. It has cash and short-term investments of $2.8B.
Key information
53.3%
Debt to equity ratio
US$3.43b
Debt
Interest coverage ratio | 8.8x |
Cash | US$2.76b |
Equity | US$6.45b |
Total liabilities | US$13.92b |
Total assets | US$20.37b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: FXI's short term assets ($14.9B) exceed its short term liabilities ($9.4B).
Long Term Liabilities: FXI's short term assets ($14.9B) exceed its long term liabilities ($4.5B).
Debt to Equity History and Analysis
Debt Level: FXI's net debt to equity ratio (10.4%) is considered satisfactory.
Reducing Debt: FXI's debt to equity ratio has reduced from 95.8% to 53.3% over the past 5 years.
Debt Coverage: FXI's debt is well covered by operating cash flow (31.9%).
Interest Coverage: FXI's interest payments on its debt are well covered by EBIT (8.8x coverage).