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
Recent updates
FLEX LNG: Bet On Resilient Demand For LNG Carriers
Apr 17FLEX LNG Q4: Bankable Dividend In Turbulent Waters
Mar 13Here's Why FLEX LNG (NYSE:FLNG) Has A Meaningful Debt Burden
Feb 23
FLEX LNG: LNG Terminal Pause Adds Some Risk
Feb 09FLEX LNG (NYSE:FLNG) Is Experiencing Growth In Returns On Capital
Jan 27Investors Aren't Entirely Convinced By FLEX LNG Ltd.'s (NYSE:FLNG) Earnings
Jan 08FLEX LNG: Consistency Is Key
Dec 12FLEX LNG: 10% Yield, Special Dividend Declared
Nov 24Is There An Opportunity With FLEX LNG Ltd.'s (NYSE:FLNG) 25% Undervaluation?
Nov 07FLEX LNG: Lower Spot Freight Rates Weigh On Share Price
Oct 10Not Many Are Piling Into FLEX LNG Ltd. (NYSE:FLNG) Just Yet
Oct 03FLEX LNG: Upgrading To 'Buy' As Vessel Values Increase
Sep 27FLEX LNG (NYSE:FLNG) Is Doing The Right Things To Multiply Its Share Price
Sep 05FLEX LNG: 10% Yield, Industry Tailwinds
Aug 20FLEX LNG: A Promising LNG Shipper
Jun 20FLEX LNG Ltd. (NYSE:FLNG) Shares Could Be 24% Above Their Intrinsic Value Estimate
Jun 16FLEX LNG: 9% Yield, Strong Q1 Earnings, Tailwinds
May 26Flex LNG Q4 2022 Earnings Preview
Feb 13FLEX LNG: A High Yield Floating Pipeline
Feb 01Flex LNG Q3 2022 Earnings Preview
Nov 14FLEX LNG: Energy Crisis Likely Not Fully Baked In
Sep 22Flex LNG reports Q2 earnings miss; sees Q3 revenue of ~$90M below estimates
Aug 24Flex LNG: 10% Yield, Benefits From Supply Chain Disruption, 54-Year Contract Backlog
Jun 26Shipping And Oil Sector Selloffs? Buy Flex LNG
Jun 09Flex LNG: An 11% Yield To Sail Through Rough Markets
May 16Flex LNG Stock: High Yield And Solid Demand Outlook In Europe Make It A Strong Buy
Mar 10Flex LNG Is Only For High-Risk Investors
Feb 14Flex LNG: Great Quarter And A 13% Dividend Yield
Nov 22Flex LNG: Already Fully Priced For Boom-Time Earnings, Significant Downside Risks
Oct 25Flex LNG: Surging Cash Flows And Dividends (Podcast Transcript)
Aug 12Flex LNG: Expect Even Higher Dividends
Jun 26Flex LNG: Higher Dividends + Higher Leverage = More Pain In The Future
Jun 09Flex LNG goes ex-dividend on Tuesday
May 28Financial 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).