Flex Ltd.

NasdaqGS:FLEX Stock Report

Market Cap: US$18.7b

Flex Balance Sheet Health

Financial Health criteria checks 6/6

Flex has a total shareholder equity of $5.1B and total debt of $3.7B, which brings its debt-to-equity ratio to 72.3%. Its total assets and total liabilities are $19.1B and $14.0B respectively. Flex's EBIT is $1.3B making its interest coverage ratio 8.6. It has cash and short-term investments of $2.2B.

Key information

72.33%

Debt to equity ratio

US$3.68b

Debt

Interest coverage ratio8.6x
CashUS$2.24b
EquityUS$5.09b
Total liabilitiesUS$14.04b
Total assetsUS$19.13b

Recent financial health updates

Is Flex (NASDAQ:FLEX) Using Too Much Debt?

May 05
Is Flex (NASDAQ:FLEX) Using Too Much Debt?

Does Flex (NASDAQ:FLEX) Have A Healthy Balance Sheet?

Oct 09
Does Flex (NASDAQ:FLEX) Have A Healthy Balance Sheet?

Recent updates

Why Flex Ltd. (NASDAQ:FLEX) Could Be Worth Watching

Jul 23
Why Flex Ltd. (NASDAQ:FLEX) Could Be Worth Watching

Flex: Focus On AI Infrastructure Is Benefiting Business

Jul 15

A Look At The Fair Value Of Flex Ltd. (NASDAQ:FLEX)

Jun 23
A Look At The Fair Value Of Flex Ltd. (NASDAQ:FLEX)

Investors Still Aren't Entirely Convinced By Flex Ltd.'s (NASDAQ:FLEX) Earnings Despite 32% Price Jump

May 20
Investors Still Aren't Entirely Convinced By Flex Ltd.'s (NASDAQ:FLEX) Earnings Despite 32% Price Jump

Is Flex (NASDAQ:FLEX) Using Too Much Debt?

May 05
Is Flex (NASDAQ:FLEX) Using Too Much Debt?

When Should You Buy Flex Ltd. (NASDAQ:FLEX)?

Apr 20
When Should You Buy Flex Ltd. (NASDAQ:FLEX)?

Flex Ltd.'s (NASDAQ:FLEX) 26% Dip In Price Shows Sentiment Is Matching Revenues

Apr 05
Flex Ltd.'s (NASDAQ:FLEX) 26% Dip In Price Shows Sentiment Is Matching Revenues

A Look At The Fair Value Of Flex Ltd. (NASDAQ:FLEX)

Mar 16
A Look At The Fair Value Of Flex Ltd. (NASDAQ:FLEX)

Concerns Surrounding Flex's (NASDAQ:FLEX) Performance

Feb 13
Concerns Surrounding Flex's (NASDAQ:FLEX) Performance

Flex: Data Center Growth And Margin Expansion Continue To Impress

Feb 06

Is There Now An Opportunity In Flex Ltd. (NASDAQ:FLEX)?

Jan 02
Is There Now An Opportunity In Flex Ltd. (NASDAQ:FLEX)?

Flex: Becoming A Better Business In Its Transformation

Dec 27

Many Still Looking Away From Flex Ltd. (NASDAQ:FLEX)

Dec 02
Many Still Looking Away From Flex Ltd. (NASDAQ:FLEX)

A Look At The Fair Value Of Flex Ltd. (NASDAQ:FLEX)

Oct 24
A Look At The Fair Value Of Flex Ltd. (NASDAQ:FLEX)

Does Flex (NASDAQ:FLEX) Have A Healthy Balance Sheet?

Oct 09
Does Flex (NASDAQ:FLEX) Have A Healthy Balance Sheet?

Flex Is Not Cheap Amid Geopolitical And Innovation Risks

Oct 01

Is It Too Late To Consider Buying Flex Ltd. (NASDAQ:FLEX)?

Sep 13
Is It Too Late To Consider Buying Flex Ltd. (NASDAQ:FLEX)?
author-image

Expanding In Cloud, Power, And Automotive Fuels Growth Despite Financial Leadership Changes

Expansion in cloud, power, automotive, and digital health sectors suggests promising revenue growth and earnings, fueled by new program ramps and strong sector demand.

We Think Flex's (NASDAQ:FLEX) Solid Earnings Are Understated

Aug 03
We Think Flex's (NASDAQ:FLEX) Solid Earnings Are Understated

Shareholders May Not Be So Generous With Flex Ltd.'s (NASDAQ:FLEX) CEO Compensation And Here's Why

Aug 01
Shareholders May Not Be So Generous With Flex Ltd.'s (NASDAQ:FLEX) CEO Compensation And Here's Why

Flex Provides Exposure To 2 Verticals That Have Strong Secular Tailwinds

Jul 02

Flex Ltd.: Undervalued With Solid Fundamentals

Apr 04

Financial Position Analysis

Short Term Liabilities: FLEX's short term assets ($13.5B) exceed its short term liabilities ($9.9B).

Long Term Liabilities: FLEX's short term assets ($13.5B) exceed its long term liabilities ($4.1B).

Debt to Equity History and Analysis

Debt Level: FLEX's net debt to equity ratio (28.3%) is considered satisfactory.

Reducing Debt: FLEX's debt to equity ratio has reduced from 122% to 72.3% over the past 5 years.

Debt Coverage: FLEX's debt is well covered by operating cash flow (42.5%).

Interest Coverage: FLEX's interest payments on its debt are well covered by EBIT (8.6x coverage).

Balance Sheet

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/07/27 14:51
End of Day Share Price 2025/07/25 00:00
Earnings2025/06/27
Annual Earnings2025/03/31

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.

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 Github.

Analyst Sources

Flex Ltd. is covered by 28 analysts. 7 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
James KelleherArgus Research Company
Timothy LongBarclays
Dong WangBarclays