Flex Balance Sheet Health
Financial Health criteria checks 6/6
Flex has a total shareholder equity of $5.0B and total debt of $3.2B, which brings its debt-to-equity ratio to 64.4%. Its total assets and total liabilities are $17.7B and $12.7B respectively. Flex's EBIT is $1.0B making its interest coverage ratio 6.9. It has cash and short-term investments of $2.2B.
Key information
64.4%
Debt to equity ratio
US$3.22b
Debt
| Interest coverage ratio | 6.9x |
| Cash | US$2.24b |
| Equity | US$5.00b |
| Total liabilities | US$12.74b |
| Total assets | US$17.74b |
Recent financial health updates
Flex (NASDAQ:FLEX) Has A Pretty Healthy Balance Sheet
Apr 06
Is Flex (NASDAQ:FLEX) Using Too Much Debt?
Oct 02Does Flex (NASDAQ:FLEX) Have A Healthy Balance Sheet?
Jun 20Is Flex (NASDAQ:FLEX) Using Too Much Debt?
Mar 16Flex (NASDAQ:FLEX) Has A Somewhat Strained Balance Sheet
Dec 07Recent updates
Is It Too Late To Consider Buying Flex Ltd. (NASDAQ:FLEX)?
Sep 13We Think Flex's (NASDAQ:FLEX) Solid Earnings Are Understated
Aug 03Shareholders May Not Be So Generous With Flex Ltd.'s (NASDAQ:FLEX) CEO Compensation And Here's Why
Aug 01Flex Ltd. (NASDAQ:FLEX) Shares Could Be 30% Below Their Intrinsic Value Estimate
Jul 11Flex Provides Exposure To 2 Verticals That Have Strong Secular Tailwinds
Jul 02Why We're Not Concerned About Flex Ltd.'s (NASDAQ:FLEX) Share Price
Jun 21Flex (NASDAQ:FLEX) Has A Pretty Healthy Balance Sheet
Apr 06Flex Ltd.: Undervalued With Solid Fundamentals
Apr 04Flex: Growth Potential After The Nextracker Spin-Off
Jan 20Flex (NASDAQ:FLEX) Might Have The Makings Of A Multi-Bagger
Dec 10Is Now An Opportune Moment To Examine Flex Ltd. (NASDAQ:FLEX)?
Nov 27Calculating The Fair Value Of Flex Ltd. (NASDAQ:FLEX)
Oct 15Is Flex (NASDAQ:FLEX) Using Too Much Debt?
Oct 02Flex's (NASDAQ:FLEX) Returns On Capital Are Heading Higher
Aug 27When Should You Buy Flex Ltd. (NASDAQ:FLEX)?
Jul 04Does Flex (NASDAQ:FLEX) Have A Healthy Balance Sheet?
Jun 20Returns At Flex (NASDAQ:FLEX) Are On The Way Up
May 24Are Investors Undervaluing Flex Ltd. (NASDAQ:FLEX) By 32%?
May 10When Should You Buy Flex Ltd. (NASDAQ:FLEX)?
Mar 29Is Flex (NASDAQ:FLEX) Using Too Much Debt?
Mar 16There's Been No Shortage Of Growth Recently For Flex's (NASDAQ:FLEX) Returns On Capital
Feb 22Estimating The Fair Value Of Flex Ltd. (NASDAQ:FLEX)
Feb 09Should You Investigate Flex Ltd. (NASDAQ:FLEX) At US$21.48?
Dec 25Flex (NASDAQ:FLEX) Has A Somewhat Strained Balance Sheet
Dec 07Flex (NASDAQ:FLEX) Is Looking To Continue Growing Its Returns On Capital
Nov 24An Intrinsic Calculation For Flex Ltd. (NASDAQ:FLEX) Suggests It's 37% Undervalued
Nov 10Financial Position Analysis
Short Term Liabilities: FLEX's short term assets ($12.5B) exceed its short term liabilities ($9.0B).
Long Term Liabilities: FLEX's short term assets ($12.5B) exceed its long term liabilities ($3.8B).
Debt to Equity History and Analysis
Debt Level: FLEX's net debt to equity ratio (19.5%) is considered satisfactory.
Reducing Debt: FLEX's debt to equity ratio has reduced from 107.9% to 64.4% over the past 5 years.
Debt Coverage: FLEX's debt is well covered by operating cash flow (51.6%).
Interest Coverage: FLEX's interest payments on its debt are well covered by EBIT (6.9x coverage).