Flex Balance Sheet Health
Financial Health criteria checks 6/6
Flex has a total shareholder equity of $5.0B and total debt of $3.7B, which brings its debt-to-equity ratio to 74.1%. Its total assets and total liabilities are $18.6B and $13.6B respectively. Flex's EBIT is $1.1B making its interest coverage ratio 7. It has cash and short-term investments of $2.6B.
Key information
74.1%
Debt to equity ratio
US$3.71b
Debt
| Interest coverage ratio | 7x |
| Cash | US$2.60b |
| Equity | US$5.00b |
| Total liabilities | US$13.58b |
| Total assets | US$18.59b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: FXI's short term assets ($13.4B) exceed its short term liabilities ($9.3B).
Long Term Liabilities: FXI's short term assets ($13.4B) exceed its long term liabilities ($4.3B).
Debt to Equity History and Analysis
Debt Level: FXI's net debt to equity ratio (22.1%) is considered satisfactory.
Reducing Debt: FXI's debt to equity ratio has reduced from 106.6% to 74.1% over the past 5 years.
Debt Coverage: FXI's debt is well covered by operating cash flow (43.7%).
Interest Coverage: FXI's interest payments on its debt are well covered by EBIT (7x coverage).