Flex (FLEX) LT-Debt-to-Total-Asset : 0.20 (As of Dec. 2024)

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What is Flex LT-Debt-to-Total-Asset?

LT Debt to Total Assets is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. It is calculated as a company's Long-Term Debt & Capital Lease Obligationdivide by its Total Assets. Flex's long-term debt to total assests ratio for the quarter that ended in Dec. 2024 was 0.20.

Flex's long-term debt to total assets ratio increased from Dec. 2023 (0.19) to Dec. 2024 (0.20). It may suggest that Flex is progressively becoming more dependent on debt to grow their business.

Flex LT-Debt-to-Total-Asset Historical Data

The historical data trend for Flex's LT-Debt-to-Total-Asset 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.

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Flex LT-Debt-to-Total-Asset Chart

Flex Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

LT-Debt-to-Total-Asset

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0.24

0.26

0.20

0.19

0.21

Flex Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.19	0.21	0.18	0.20	0.20

Flex LT-Debt-to-Total-Asset Calculation

Flex's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Mar. 2024 is calculated as

LT Debt to Total Assets (A: Mar. 2024 )	=	Long-Term Debt & Capital Lease Obligation (A: Mar. 2024 )	/	Total Assets (A: Mar. 2024 )
	=	3751	/	18257
	=	0.21

Flex's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2024 is calculated as

LT Debt to Total Assets (Q: Dec. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2024 )	/	Total Assets (Q: Dec. 2024 )
	=	3622	/	18272
	=	0.20

Flex (NAS:FLEX) LT-Debt-to-Total-Asset Explanation

LT Debt to Total Asset is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. A year-over-year decrease in this metric would suggest the company is progressively becoming less dependent on debt to grow their business.

Flex LT-Debt-to-Total-Asset Related Terms

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Flex Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Flex Ltd (NAS:FLEX) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

FLEX:Mexico FXI:Germany FXI:Germany

Address

12455 Research Boulevard, Austin, TX, USA, 78759

Website

https://www.flex.com

Flex Ltd is a contract manufacturing company providing comprehensive electronics design, manufacturing, and product management services to electronics and technology companies. The company's operating segments include Flex Agility Solutions (FAS) and Flex Reliability Solutions (FRS). Flex Agility Solutions segment includes markets such as Communications, Enterprise and Cloud; Lifestyle; and Consumer Devices. Flex Reliability Solutions segment includes markets such as Automotive, Health Solutions, and Industrial.

Executives

Daniel Wendler	officer: Chief Accounting Officer	6201 AMERICA CENTER DRIVE, ATTN: LEGAL, SAN JOSE CA 95002
Kwang Hooi Tan	officer: Group President	6201 AMERICA CENTER DRIVE, ATTN: LEGAL, SAN JOSE CA 95002
Lay Koon Tan	director	C/O STATS CHIPPAC LTD., 10 ANG MO KIO ST 65 TECHPOINT #05-17/20, SINGAPORE U0 569059
Michael P Hartung	officer: President, Agility Solutions	6201 AMERICA CENTER DRIVE, SAN JOSE CA 95002
Stevens Charles K. Iii	director	300 RENAISSANCE CENTER, M/C: 482-C25-A36, DETROIT MI 48265-3000
David Scott Offer	officer: EVP, General Counsel	6201 AMERICA CENTER DRIVE, SAN JOSE CA 95002
Rebecca Sidelinger	officer: Group President	6201 AMERICA CENTER DRIVE, ATTN: LEGAL, SAN JOSE CA 95002
Paul Lundstrom	officer: Chief Financial Officer	222 N. SEPULVEDA BLVD., SUITE 500, EL SEGUNDO CA 90245
Revathi Advaithi	director, officer: Chief Executive Officer	EATON HOUSE, 30 PEMBROKE ROAD, DUBLIN 4 L2 -
Michael D Capellas	director	C/O MCI, 22001 LOUDOUN COUNTY PARKWAY, AXBURN VA 20147
Erin Mcsweeney	director	EMC CORPORATION, 176 SOUTH STREET, HOPKINTON MA 01748
Maryrose Sylvester	director	C/O 3700 WEST JUNEAU AVENUE, MILWAUKEE WI 53208
Pat Ward	director	500 JACKSON STREET, COLUMBUS IN 47201
Francois Barbier	officer: President, Global Operations	ONE MARINA BOULEVARD, #28-00, SINGAPORE U0 018989
David P Bennett	officer: Chief Accounting Officer	3616 NICOLE AVE, PLEASANTON CA 94588