FLEX LNG Balance Sheet Health
Financial Health criteria checks 1/6
FLEX LNG has a total shareholder equity of $847.7M and total debt of $891.9M, which brings its debt-to-equity ratio to 105.2%. Its total assets and total liabilities are $2.7B and $1.9B respectively. FLEX LNG's EBIT is $217.2M making its interest coverage ratio 2.5. It has cash and short-term investments of $410.4M.
Key information
105.2%
Debt to equity ratio
US$891.92m
Debt
Interest coverage ratio | 2.5x |
Cash | US$410.43m |
Equity | US$847.65m |
Total liabilities | US$1.86b |
Total assets | US$2.71b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 0RQ8's short term assets ($443.1M) exceed its short term liabilities ($153.3M).
Long Term Liabilities: 0RQ8's short term assets ($443.1M) do not cover its long term liabilities ($1.7B).
Debt to Equity History and Analysis
Debt Level: 0RQ8's net debt to equity ratio (56.8%) is considered high.
Reducing Debt: 0RQ8's debt to equity ratio has increased from 36.2% to 105.2% over the past 5 years.
Debt Coverage: 0RQ8's debt is not well covered by operating cash flow (19.6%).
Interest Coverage: 0RQ8's interest payments on its debt are not well covered by EBIT (2.5x coverage).