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
We Think FLEX LNG (OB:FLNG) Is Taking Some Risk With Its Debt
Feb 12
We Think FLEX LNG (OB:FLNG) Is Taking Some Risk With Its Debt
Nov 01These 4 Measures Indicate That FLEX LNG (OB:FLNG) Is Using Debt Extensively
Jul 11Does FLEX LNG (OB:FLNG) Have A Healthy Balance Sheet?
Mar 30Is FLEX LNG (OB:FLNG) Using Too Much Debt?
Dec 22Recent updates
Is Now The Time To Put FLEX LNG (OB:FLNG) On Your Watchlist?
May 09Returns On Capital Are Showing Encouraging Signs At FLEX LNG (OB:FLNG)
Apr 08Is FLEX LNG Ltd. (OB:FLNG) Worth kr368 Based On Its Intrinsic Value?
Mar 05We Think FLEX LNG (OB:FLNG) Is Taking Some Risk With Its Debt
Feb 12With EPS Growth And More, FLEX LNG (OB:FLNG) Makes An Interesting Case
Jan 29Returns Are Gaining Momentum At FLEX LNG (OB:FLNG)
Jan 02A Look At The Intrinsic Value Of FLEX LNG Ltd. (OB:FLNG)
Nov 17We Think FLEX LNG (OB:FLNG) Is Taking Some Risk With Its Debt
Nov 01Here's Why FLEX LNG (OB:FLNG) Has Caught The Eye Of Investors
Oct 18Returns On Capital Are Showing Encouraging Signs At FLEX LNG (OB:FLNG)
Oct 01Are Investors Undervaluing FLEX LNG Ltd. (OB:FLNG) By 37%?
Aug 12These 4 Measures Indicate That FLEX LNG (OB:FLNG) Is Using Debt Extensively
Jul 11Is Now The Time To Put Flex LNG (OB:FLNG) On Your Watchlist?
Jun 27FLEX LNG Ltd.'s (OB:FLNG) Intrinsic Value Is Potentially 63% Above Its Share Price
May 04Does FLEX LNG (OB:FLNG) Have A Healthy Balance Sheet?
Mar 30Returns On Capital Are Showing Encouraging Signs At FLEX LNG (OB:FLNG)
Mar 15Here's Why I Think FLEX LNG (OB:FLNG) Might Deserve Your Attention Today
Feb 22Is FLEX LNG (OB:FLNG) Using Too Much Debt?
Dec 22Is There An Opportunity With FLEX LNG Ltd.'s (OB:FLNG) 47% Undervaluation?
Nov 16Returns At FLEX LNG (OB:FLNG) Are On The Way Up
Sep 16Here's Why I Think FLEX LNG (OB:FLNG) Might Deserve Your Attention Today
Aug 09Read This Before Buying FLEX LNG Ltd. (OB:FLNG) For Its Dividend
May 06FLEX LNG's (OB:FLNG) Returns On Capital Are Heading Higher
Apr 15Did Flex LNG Ltd. (OB:FLNG) Insiders Buy Up More Shares?
Mar 04Flex LNG's(OB:FLNG) Share Price Is Down 35% Over The Past Three Years.
Feb 07
Are Flex LNG's (OB:FLNG) Statutory Earnings A Good Guide To Its Underlying Profitability?
Jan 22What Do The Returns At Flex LNG (OB:FLNG) Mean Going Forward?
Jan 04What You Need To Know About Flex LNG Ltd.'s (OB:FLNG) Investor Composition
Dec 19Financial Position Analysis
Short Term Liabilities: FLNG's short term assets ($443.1M) exceed its short term liabilities ($153.3M).
Long Term Liabilities: FLNG's short term assets ($443.1M) do not cover its long term liabilities ($1.7B).
Debt to Equity History and Analysis
Debt Level: FLNG's net debt to equity ratio (56.8%) is considered high.
Reducing Debt: FLNG's debt to equity ratio has increased from 36.2% to 105.2% over the past 5 years.
Debt Coverage: FLNG's debt is not well covered by operating cash flow (19.6%).
Interest Coverage: FLNG's interest payments on its debt are not well covered by EBIT (2.5x coverage).