Flex Balance Sheet Health
Financial Health criteria checks 6/6
Flex has a total shareholder equity of $5.3B and total debt of $3.3B, which brings its debt-to-equity ratio to 61.2%. Its total assets and total liabilities are $18.3B and $12.9B respectively. Flex's EBIT is $1.0B making its interest coverage ratio 6.8. It has cash and short-term investments of $2.5B.
Key information
61.2%
Debt to equity ratio
US$3.26b
Debt
| Interest coverage ratio | 6.8x |
| Cash | US$2.47b |
| Equity | US$5.33b |
| Total liabilities | US$12.93b |
| Total assets | US$18.26b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: FLEX N's short term assets ($13.0B) exceed its short term liabilities ($8.5B).
Long Term Liabilities: FLEX N's short term assets ($13.0B) exceed its long term liabilities ($4.4B).
Debt to Equity History and Analysis
Debt Level: FLEX N's net debt to equity ratio (14.8%) is considered satisfactory.
Reducing Debt: FLEX N's debt to equity ratio has reduced from 102.8% to 61.2% over the past 5 years.
Debt Coverage: FLEX N's debt is well covered by operating cash flow (40.7%).
Interest Coverage: FLEX N's interest payments on its debt are well covered by EBIT (6.8x coverage).