FLEX LNG Balance Sheet Health
Financial Health criteria checks 2/6
FLEX LNG has a total shareholder equity of $801.9M and total debt of $800.5M, which brings its debt-to-equity ratio to 99.8%. Its total assets and total liabilities are $2.5B and $1.7B respectively. FLEX LNG's EBIT is $205.6M making its interest coverage ratio 1.8. It has cash and short-term investments of $289.5M.
Key information
99.8%
Debt to equity ratio
US$800.50m
Debt
| Interest coverage ratio | 1.8x |
| Cash | US$289.52m |
| Equity | US$801.93m |
| Total liabilities | US$1.73b |
| Total assets | US$2.53b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: FLNGO's short term assets ($332.5M) exceed its short term liabilities ($150.1M).
Long Term Liabilities: FLNGO's short term assets ($332.5M) do not cover its long term liabilities ($1.6B).
Debt to Equity History and Analysis
Debt Level: FLNGO's net debt to equity ratio (63.7%) is considered high.
Reducing Debt: FLNGO's debt to equity ratio has increased from 90.2% to 99.8% over the past 5 years.
Debt Coverage: FLNGO's debt is well covered by operating cash flow (23.1%).
Interest Coverage: FLNGO's interest payments on its debt are not well covered by EBIT (1.8x coverage).