Flex LNG (Flex LNG) Cash-to-Debt : 0.23 (As of Dec. 2023)

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What is Flex LNG Cash-to-Debt?

Cash to Debt Ratio measures the financial strength of a company. It is calculated as a company's cash, cash equivalents, and marketable securities divide by its debt. Flex LNG's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.23.

If Cash to Debt ratio is less than 1, the company cannot pay off its debt using the cash in hand. Here we can see, Flex LNG couldn't pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

The historical rank and industry rank for Flex LNG's Cash-to-Debt or its related term are showing as below:

FLNG' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.06 Med: 0.18 Max: 0.96
Current: 0.23

During the past 13 years, Flex LNG's highest Cash to Debt Ratio was 0.96. The lowest was 0.06. And the median was 0.18.

FLNG's Cash-to-Debt is ranked worse than
67.58% of 1024 companies
in the Oil & Gas industry
Industry Median: 0.5 vs FLNG: 0.23

Flex LNG Cash-to-Debt Historical Data

The historical data trend for Flex LNG's Cash-to-Debt can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Note: An indication of "No Debt" does not necessarily mean that the company has no debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.

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Flex LNG Cash-to-Debt Chart

Flex LNG Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.17

0.09

0.12

0.19

0.23

Flex LNG Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial															0.19	0.25	0.24	0.23	0.23

Competitive Comparison of Flex LNG's Cash-to-Debt

For the Oil & Gas Midstream subindustry, Flex LNG's Cash-to-Debt, along with its competitors' market caps and Cash-to-Debt data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Flex LNG's Cash-to-Debt Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Flex LNG's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Flex LNG's Cash-to-Debt falls into.

Flex LNG Cash-to-Debt Calculation

This is the ratio of a company's Cash, Cash Equivalents, Marketable Securities to its debt. The debt includes the Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation. This ratio measures the financial strength of a company. This ratio is updated quarterly.

Flex LNG's Cash to Debt Ratio for the fiscal year that ended in Dec. 2023 is calculated as:

Cash to Debt Ratio	=	Cash, Cash Equivalents, Marketable Securities	/	Total Debt
	=	Cash, Cash Equivalents, Marketable Securities	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	410.425	/	(103.87	+	1708.273)
	=	0.23

Flex LNG's Cash to Debt Ratio for the quarter that ended in Dec. 2023 is calculated as:

Cash to Debt Ratio	=	Cash, Cash Equivalents, Marketable Securities	/	Total Debt
	=	Cash, Cash Equivalents, Marketable Securities	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	410.425	/	(103.87	+	1708.273)
	=	0.23

Flex LNG (NYSE:FLNG) Cash-to-Debt Explanation

If Cash to Debt ratio is greater than 1, the company can pay off its debt using the cash in hand. If it is smaller than 1, it means the company has more debt than the cash in hands. In this case, it is important to look the the company's Interest Coverage. Ben Graham requires that a company must have an Interest Coverage of at least 5.

Flex LNG Cash-to-Debt Related Terms

Thank you for viewing the detailed overview of Flex LNG's Cash-to-Debt provided by GuruFocus.com. Please click on the following links to see related term pages.

Flex LNG (Flex LNG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Flex LNG Ltd (NYSE:FLNG) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

FLNGo:Sweden FLNG:Norway FLNGo:UK 0RQ8:UK 0QQA:Germany

Address

14 Par-la-Ville Road, Par-la-Ville Place, Hamilton, BMU, HM08

Website

https://www.flexlng.com

Flex LNG Ltd is an LNG shipping company with a fleet of next-generation LNG carriers with large cargo capacity. The fleet consists of thirteen modern LNG ships, ten existing and three under construction for delivery. All LNG carriers are equipped with slow-speed, two-stroke engines MEGI or X-DF propulsion which will provide Charterers with state-of-the-art tonnage offering significant advantages in form of reduced fuel consumption and lowered boil-off rates.

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