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
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 15Financial 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).