FLNG (Flex LNG) Debt-to-Equity : 2.09 (As of Sep. 2024)

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What is Flex LNG Debt-to-Equity?

Flex LNG's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was $95.4 Mil. Flex LNG's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was $1,577.7 Mil. Flex LNG's Total Stockholders Equity for the quarter that ended in Sep. 2024 was $801.9 Mil. Flex LNG's debt to equity for the quarter that ended in Sep. 2024 was 2.09.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

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

FLNG' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.03 Med: 0.94 Max: 2.17
Current: 2.09

During the past 13 years, the highest Debt-to-Equity Ratio of Flex LNG was 2.17. The lowest was 0.03. And the median was 0.94.

FLNG's Debt-to-Equity is ranked worse than
89.44% of 824 companies
in the Oil & Gas industry
Industry Median: 0.47 vs FLNG: 2.09

Flex LNG Debt-to-Equity Historical Data

The historical data trend for Flex LNG's Debt-to-Equity 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.

* Premium members only.

Flex LNG Debt-to-Equity Chart

Flex LNG Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.93

1.68

1.84

1.89

2.14

Flex LNG Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Debt-to-Equity	Get a 7-Day Free Trial															2.10	2.14	2.12	2.14	2.09

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

For the Oil & Gas Midstream subindustry, Flex LNG's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity 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 Debt-to-Equity Distribution in the Oil & Gas Industry

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

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

Flex LNG Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

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

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(103.87	+	1708.273)	/	847.653
	=	2.14

Flex LNG's Debt to Equity Ratio for the quarter that ended in Sep. 2024 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(95.361	+	1577.692)	/	801.928
	=	2.09

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

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.

Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.

Flex LNG Debt-to-Equity Related Terms

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Flex LNG Business Description

Industry

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

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.