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Flex LNGOSTO:FLNGO 72 Interest Coverage is 1.70 as of Mar. 2026, which is 10% below its 10-year median of 1.89. GuruFocus rates OSTO:FLNGO with a GF Score™ of 72/100 and a GF Value™ of kr199.30. The stock has 9 warning signs investors should review. Among 730 Oil & Gas companies, Flex LNG ranks worse than 82.33% on this metric.
Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's
Operating Income
by its Interest Expense. Flex LNG's
Operating Income
for the
three
months ended in Mar. 2026 was kr330 Mil. Flex LNG's Interest Expense for the
three
months ended in Mar. 2026 was kr-194 Mil.
Flex LNG's interest coverage for the quarter that ended in Mar. 2026 was 1.70.
The higher the ratio, the stronger the company's financial strength is.
The historical rank and industry rank for Flex LNG's Interest Coverage or its related term are showing as below:
OSTO:FLNGo'
s Interest Coverage Range Over the Past 10 Years
Min: 1.62 Med: 1.89 Max: 3.58
Current: 1.8
OSTO:FLNGo's Interest Coverage is ranked worse than 82.33% of 730
companies
in the Oil & Gas industry
Industry Median: 6.01
vs OSTO:FLNGo: 1.80
Ben Graham requires that a company has a minimum interest coverage of 5 with the companies he invested. If the interest coverage is less than 2, the company is burdened by debt. Any business slow or recession may drag the company into a situation where it cannot pay the interest on its debt.
Interest Coverage is an important factor when GuruFocus ranks a company's overage Financial Strength .
Flex LNG Interest Coverage Related Terms
Flex LNG Interest Coverage Historical Data
* Premium members only.
The historical data trend for Flex LNG's Interest Coverage 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: For Interest Coverage, "No debt" indicates no long-term debt. An indication of "No Debt" does not necessarily mean that the company has no long-term debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.
OSTO:FLNGO vs GLP, LPG, GEL: Interest Coverage Comparison
For the Oil & Gas Midstream subindustry, Flex LNG's Interest Coverage, along with its competitors' market caps and Interest Coverage 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 Interest Coverage vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Flex LNG's Interest Coverage distribution charts can be found below:
* The bar in red indicates where Flex LNG's Interest Coverage falls into.
Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income (EBIT) by its Interest Expense:
* 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.
Flex LNG (OSTO:FLNGO) has a Interest Coverage of 1.70 as of Mar. 2026. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on Flex LNG and its competitors. This is 10% below median its historical median of 1.89. Over the past decade, Flex LNG's Interest Coverage has ranged from 1.62 to 3.58. According to the industry distribution chart, Flex LNG ranks #601 out of 730 companies in the Oil & Gas industry, placing it in the top 82.3%.
Is Flex LNG's Interest Coverage too high?
Flex LNG's current Interest Coverage of 1.70 is 10% below median its 10-year median of 1.89. Over the past 10 years, this metric has ranged from a low of 1.62 to a high of 3.58. The Oil & Gas industry median Interest Coverage is 6.01. Flex LNG's value of 1.70 is 71.7% below this industry median. Based on the distribution chart, Flex LNG ranks #601 out of 730 companies in the Oil & Gas industry, which is in the bottom quartile relative to peers. Overall, Flex LNG has a GF Score™ of 72/100, reflecting its overall financial health beyond just this single metric.
How does Flex LNG's Interest Coverage compare to GLP and LPG?
According to the Oil & Gas industry distribution chart, Flex LNG ranks #601 out of 730 companies for Interest Coverage. This places Flex LNG in the lower half of its industry. The industry median Interest Coverage is 6.01. Flex LNG's value of 1.70 is 71.7% below this benchmark. Historically, Flex LNG's own Interest Coverage has ranged from 1.62 to 3.58 over the past decade. While the company's 10-year median is 1.89 vs. the industry median of 6.01, Flex LNG has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Interest Coverage for an Oil & Gas company?
The median Interest Coverage among Oil & Gas companies is 6.01, based on 730 companies in the industry. Companies in the top quartile (top 25%) have a Interest Coverage significantly above this median, while those in the bottom quartile fall well below. However, Interest Coverage should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Flex LNG's current Interest Coverage of 1.70 is 71.7% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Interest Coverage mean?
A high Interest Coverage can signal that a stock is expensive relative to its fundamentals. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on Flex LNG and its competitors. For the Oil & Gas industry, the median Interest Coverage is 6.01 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Flex LNG's current Interest Coverage is 1.70, which is 10% below median its own 10-year median of 1.89. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Flex LNG stock overvalued right now?
Flex LNG (OSTO:FLNGO) has a current Interest Coverage of 1.70. The stock's GF Value™ is kr199.30, compared to a current price of kr244.50 — trading 22.7% above its estimated fair value. The current Interest Coverage is 1.70, which is 10% below median its 10-year median of 1.89 and 71.7% below the Oil & Gas industry median of 6.01. Flex LNG's overall GF Score™ is 72/100 with 9 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Interest Coverage calculated?
Interest Coverage is calculated from a company's financial statements. For Flex LNG (OSTO:FLNGO), the current Interest Coverage is 1.70 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Flex LNG (OSTO:FLNGO) Overvalued in 2026?
Based on GuruFocus' analysis, Flex LNG stock appears to be overvalued.
The current stock price of kr244.50 is trading 22.7% above its estimated GF Value™ of kr199.30.
Key valuation signals for OSTO:FLNGO:
Interest Coverage: 1.70 (10% below median its 10-year median of 1.89)
GF Value™: kr199.30 vs. price of kr244.50 (22.7% above fair value)
Industry Position: 71.7% below the Oil & Gas median (#601 of 730)
No single metric tells the full story. See the OSTO:FLNGO stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Flex LNG Ltd is an LNG shipping company with a fleet of next-generation LNG carriers with large cargo capacity. The company's fleet consists of several LNG carriers on the water, and all of its vessels are of the latest generation equipped with two-stroke propulsion. Its fleet consists of M-type, Electronically Controlled, Gas Injection (MEGI) LNG carriers and Generation X Dual Fuel (X-DF) LNG carriers, offering improvements in fuel efficiency and thus also carbon footprint compared to the older steam and four-stroke propelled ships. The company has one reportable segment: vessel operations, which generates revenue from the chartering of vessels to customers.
72GF Score
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