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Flex LNG (OSL:FLNG) Scaled Net Operating Assets : 0.83 (As of Mar. 2024)


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What is Flex LNG Scaled Net Operating Assets?

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

Flex LNG's operating assets for the quarter that ended in Mar. 2024 was kr24,343 Mil. Flex LNG's operating liabilities for the quarter that ended in Mar. 2024 was kr529 Mil. Flex LNG's Total Assets for the quarter that ended in Dec. 2023 was kr28,580 Mil. Therefore, Flex LNG's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2024 was 0.83.


Flex LNG Scaled Net Operating Assets Historical Data

The historical data trend for Flex LNG's Scaled Net Operating Assets 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 Scaled Net Operating Assets Chart

Flex LNG Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Scaled Net Operating Assets
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.20 1.24 1.04 0.98 0.90

Flex LNG Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Scaled Net Operating Assets Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.91 0.83 0.81 0.80 0.83

Competitive Comparison of Flex LNG's Scaled Net Operating Assets

For the Oil & Gas Midstream subindustry, Flex LNG's Scaled Net Operating Assets, along with its competitors' market caps and Scaled Net Operating Assets 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 Scaled Net Operating Assets Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Flex LNG's Scaled Net Operating Assets distribution charts can be found below:

* The bar in red indicates where Flex LNG's Scaled Net Operating Assets falls into.



Flex LNG Scaled Net Operating Assets Calculation

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

Flex LNG's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Dec. 2023 is calculated as

Scaled Net Operating Assets (SNOA)(A: Dec. 2023 )
=(Operating Assets (A: Dec. 2023 )-Operating Liabilities (A: Dec. 2023 ))/Total Assets (A: Dec. 2022 )
=(24250.624-521.109)/26473.847
=0.90

where

Operating Assets(A: Dec. 2023 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=28580.361 - 4329.737
=24250.624

Operating Liabilities(A: Dec. 2023 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=19638.13 - 18021.255 - 1095.766
=521.109

Flex LNG's Scaled Net Operating Assets (SNOA) for the quarter that ended in Mar. 2024 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Mar. 2024 )
=(Operating Assets (Q: Mar. 2024 )-Operating Liabilities (Q: Mar. 2024 ))/Total Assets (Q: Dec. 2023 )
=(24343.107-529.162)/28580.361
=0.83

where

Operating Assets(Q: Mar. 2024 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=28409.526 - 4066.419
=24343.107

Operating Liabilities(Q: Mar. 2024 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=19485.46 - 17855.622 - 1100.676
=529.162

* 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 Scaled Net Operating Assets Related Terms

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Flex LNG (OSL:FLNG) Business Description

Industry
Traded in Other Exchanges
Address
14 Par-la-Ville Road, Par-la-Ville Place, Hamilton, BMU, HM08
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.

Flex LNG (OSL:FLNG) Headlines

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