FLEX LNG Ltd.

OB:FLNG Stock Report

Market Cap: NOK 15.5b

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 ratio1.8x
CashUS$289.52m
EquityUS$801.93m
Total liabilitiesUS$1.73b
Total assetsUS$2.53b

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

We Think FLEX LNG (OB:FLNG) Is Taking Some Risk With Its Debt

Nov 01
We Think FLEX LNG (OB:FLNG) Is Taking Some Risk With Its Debt

These 4 Measures Indicate That FLEX LNG (OB:FLNG) Is Using Debt Extensively

Jul 11
These 4 Measures Indicate That FLEX LNG (OB:FLNG) Is Using Debt Extensively

Does FLEX LNG (OB:FLNG) Have A Healthy Balance Sheet?

Mar 30
Does FLEX LNG (OB:FLNG) Have A Healthy Balance Sheet?

Is FLEX LNG (OB:FLNG) Using Too Much Debt?

Dec 22
Is FLEX LNG (OB:FLNG) Using Too Much Debt?

Recent updates

Is Now The Time To Put FLEX LNG (OB:FLNG) On Your Watchlist?

May 09
Is Now The Time To Put FLEX LNG (OB:FLNG) On Your Watchlist?

Returns On Capital Are Showing Encouraging Signs At FLEX LNG (OB:FLNG)

Apr 08
Returns On Capital Are Showing Encouraging Signs At FLEX LNG (OB:FLNG)

Is FLEX LNG Ltd. (OB:FLNG) Worth kr368 Based On Its Intrinsic Value?

Mar 05
Is FLEX LNG Ltd. (OB:FLNG) Worth kr368 Based On Its Intrinsic Value?

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

With EPS Growth And More, FLEX LNG (OB:FLNG) Makes An Interesting Case

Jan 29
With EPS Growth And More, FLEX LNG (OB:FLNG) Makes An Interesting Case

Returns Are Gaining Momentum At FLEX LNG (OB:FLNG)

Jan 02
Returns Are Gaining Momentum At FLEX LNG (OB:FLNG)

A Look At The Intrinsic Value Of FLEX LNG Ltd. (OB:FLNG)

Nov 17
A Look At The Intrinsic Value Of FLEX LNG Ltd. (OB:FLNG)

We Think FLEX LNG (OB:FLNG) Is Taking Some Risk With Its Debt

Nov 01
We Think FLEX LNG (OB:FLNG) Is Taking Some Risk With Its Debt

Here's Why FLEX LNG (OB:FLNG) Has Caught The Eye Of Investors

Oct 18
Here's Why FLEX LNG (OB:FLNG) Has Caught The Eye Of Investors

Returns On Capital Are Showing Encouraging Signs At FLEX LNG (OB:FLNG)

Oct 01
Returns On Capital Are Showing Encouraging Signs At FLEX LNG (OB:FLNG)

Are Investors Undervaluing FLEX LNG Ltd. (OB:FLNG) By 37%?

Aug 12
Are Investors Undervaluing FLEX LNG Ltd. (OB:FLNG) By 37%?

These 4 Measures Indicate That FLEX LNG (OB:FLNG) Is Using Debt Extensively

Jul 11
These 4 Measures Indicate That FLEX LNG (OB:FLNG) Is Using Debt Extensively

Is Now The Time To Put Flex LNG (OB:FLNG) On Your Watchlist?

Jun 27
Is Now The Time To Put Flex LNG (OB:FLNG) On Your Watchlist?

FLEX LNG Ltd.'s (OB:FLNG) Intrinsic Value Is Potentially 63% Above Its Share Price

May 04
FLEX LNG Ltd.'s (OB:FLNG) Intrinsic Value Is Potentially 63% Above Its Share Price

Does FLEX LNG (OB:FLNG) Have A Healthy Balance Sheet?

Mar 30
Does FLEX LNG (OB:FLNG) Have A Healthy Balance Sheet?

Returns On Capital Are Showing Encouraging Signs At FLEX LNG (OB:FLNG)

Mar 15
Returns On Capital Are Showing Encouraging Signs At FLEX LNG (OB:FLNG)

Here's Why I Think FLEX LNG (OB:FLNG) Might Deserve Your Attention Today

Feb 22
Here's Why I Think FLEX LNG (OB:FLNG) Might Deserve Your Attention Today

Is FLEX LNG (OB:FLNG) Using Too Much Debt?

Dec 22
Is FLEX LNG (OB:FLNG) Using Too Much Debt?

Is There An Opportunity With FLEX LNG Ltd.'s (OB:FLNG) 47% Undervaluation?

Nov 16
Is There An Opportunity With FLEX LNG Ltd.'s (OB:FLNG) 47% Undervaluation?

Returns At FLEX LNG (OB:FLNG) Are On The Way Up

Sep 16
Returns At FLEX LNG (OB:FLNG) Are On The Way Up

Here's Why I Think FLEX LNG (OB:FLNG) Might Deserve Your Attention Today

Aug 09
Here's Why I Think FLEX LNG (OB:FLNG) Might Deserve Your Attention Today

Read This Before Buying FLEX LNG Ltd. (OB:FLNG) For Its Dividend

May 06
Read This Before Buying FLEX LNG Ltd. (OB:FLNG) For Its Dividend

Financial Position Analysis

Short Term Liabilities: FLNG's short term assets ($332.5M) exceed its short term liabilities ($150.1M).

Long Term Liabilities: FLNG's short term assets ($332.5M) do not cover its long term liabilities ($1.6B).

Debt to Equity History and Analysis

Debt Level: FLNG's net debt to equity ratio (63.7%) is considered high.

Reducing Debt: FLNG's debt to equity ratio has increased from 90.2% to 99.8% over the past 5 years.

Debt Coverage: FLNG's debt is well covered by operating cash flow (23.1%).

Interest Coverage: FLNG's interest payments on its debt are not well covered by EBIT (1.8x coverage).

Balance Sheet

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/01/20 13:04
End of Day Share Price 2025/01/17 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

FLEX LNG Ltd. is covered by 14 analysts. 4 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Kristoffer IdenArctic Securities ASA
Gregory LewisBTIG
Marius FurulyCarnegie Investment Bank AB