FLEX LNG Ltd. (FLNG) quarterly balance sheet — complete assets, liabilities & equity history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Total Current Assets | 469.51M | 503.27M | 540.29M | 469.98M | 460.25M | 474.38M | 332.49M | 415.25M | 429.92M | 443.06M | 463.99M | 482.5M | 510.2M | 354.05M | 287.61M | 309.36M | 193.81M | 224.89M | 156.75M | 157.69M |
| Cash & Short-Term Investments | 389.07M | 447.7M | 478.73M | 412.68M | 409.62M | 437.15M | 289.52M | 370.2M | 383.34M | 410.43M | 429.42M | 449.83M | 474.95M | 332.33M | 271.12M | 283.66M | 174.05M | 200.65M | 138.12M | 144.15M |
| Cash Only | 389.07M | 447.7M | 478.73M | 412.68M | 409.62M | 437.15M | 289.52M | 370.2M | 383.34M | 410.43M | 429.42M | 449.83M | 474.95M | 332.33M | 271.12M | 283.66M | 174.05M | 200.65M | 138.12M | 144.15M |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accounts Receivable | 653K | 340K | 158K | 43.28M | 4.03M | 1.4M | 6.54M | 6.23M | 30.66M | 19.93M | 5.41M | 19.11M | 5.24M | 4.86M | 176K | 6.16M | 9.93M | 5.27M | 8.89M | 0 |
| Days Sales Outstanding | 0.56 | 0.26 | 23.32 | 25.04 | 2.76 | 4.02 | 6.49 | 19.81 | 25.51 | 11.99 | 11.93 | 12.77 | 4.91 | 2.37 | 3.19 | 8.7 | 9.17 | 5.68 | 10 | - |
| Inventory | 6.32M | 9M | 7.78M | 4.8M | 5.03M | 4.82M | 4.97M | 4.95M | 5.41M | 5.09M | 5.16M | 5.58M | 5.18M | 5.26M | 4.91M | 4.92M | 5.21M | 6.45M | 5.92M | 4.08M |
| Days Inventory Outstanding | 15.78 | 17.86 | 13.84 | 11.15 | 11.47 | 11.73 | 12.29 | 12.58 | 13.35 | 12.61 | 13.69 | 13.49 | 13.98 | 13.51 | 12.52 | 13.6 | 15.65 | 16.1 | 13.63 | 12.95 |
| Other Current Assets | 73.48M | 46.23M | 53.62M | 56K | 30.42M | 24.25M | 21.64M | 25.75M | 0 | 119K | 15.63M | 91K | 11.41M | 5.66M | 4.42M | 5.89M | 455K | 10.03M | 47K | 6.93M |
| Total Non-Current Assets | 2.11B | 2.12B | 2.14B | 2.16B | 2.17B | 2.19B | 2.2B | 2.23B | 2.25B | 2.27B | 2.31B | 2.31B | 2.31B | 2.33B | 2.36B | 2.36B | 2.36B | 2.35B | 2.36B | 2.38B |
| Property, Plant & Equipment | 2.09B | 2.1B | 2.12B | 2.13B | 2.14B | 2.15B | 2.17B | 2.19B | 2.2B | 2.22B | 2.24B | 2.25B | 2.26B | 2.27B | 2.29B | 2.31B | 2.32B | 2.34B | 2.36B | 2.38B |
| Fixed Asset Turnover | 0.04x | 0.04x | 0.04x | 0.04x | 0.04x | 0.04x | 0.04x | 0.04x | 0.04x | 0.04x | 0.04x | 0.04x | 0.04x | 0.04x | 0.04x | 0.04x | 0.03x | 0.05x | 0.03x | 0.03x |
| Goodwill | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long-Term Investments | 19.97M | 18.05M | 19.58M | 23.67M | 29.08M | 40.09M | 25.51M | 36.3M | 44.82M | 48.83M | 69.19M | 58.67M | 48.57M | 55.52M | 67.82M | 49.86M | 34.47M | 5.86M | 3.88M | 3.1M |
| Other Non-Current Assets | 3.03M | 0 | 0 | 3.49M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Assets | 2.58B | 2.62B | 2.68B | 2.63B | 2.63B | 2.67B | 2.53B | 2.64B | 2.68B | 2.71B | 2.77B | 2.8B | 2.82B | 2.68B | 2.64B | 2.67B | 2.55B | 2.57B | 2.52B | 2.54B |
| Asset Turnover | 0.03x | 0.03x | 0.03x | 0.03x | 0.03x | 0.03x | 0.03x | 0.03x | 0.03x | 0.04x | 0.03x | 0.03x | 0.03x | 0.04x | 0.03x | 0.03x | 0.03x | 0.04x | 0.03x | 0.03x |
| Asset Growth % | -1.65% | -1.69% | 5.9% | -0.53% | -1.84% | -1.49% | -8.64% | -5.52% | -4.92% | 1.11% | 4.75% | 4.89% | 10.3% | 4.14% | 4.86% | 4.96% | 5.12% | 11.67% | 26.09% | 57.18% |
| Total Current Liabilities | 172.43M | 165.83M | 174.32M | 165.77M | 166.09M | 158.78M | 150.12M | 161.6M | 153.58M | 153.27M | 159.8M | 165.72M | 157.82M | 153.2M | 152.28M | 122M | 123.78M | 131.59M | 133M | 132.3M |
| Accounts Payable | 7.5M | 10.51M | 9.24M | 2.46M | 3.72M | 2M | 2.38M | 2.76M | 2.29M | 3.51M | 3.53M | 5.44M | 4.24M | 1.79M | 5.15M | 2.83M | 4M | 2.02M | 3.43M | 665K |
| Days Payables Outstanding | 18.54 | 21.01 | 12.86 | 7.01 | 6.66 | 5.25 | 6.37 | 6.13 | 7.38 | 8.66 | 11.43 | 12.12 | 8.07 | 9.23 | 10.17 | 9.18 | 8.08 | 7.09 | 5.59 | 7.84 |
| Short-Term Debt | 110.19M | 109.63M | 50.3M | 0 | 47.61M | 106.71M | 44.63M | 53.51M | 0 | 103.87M | 54.84M | 103.46M | 52.11M | 95.51M | 59.57M | 27.92M | 81.8M | 86.24M | 80.6M | 90.63M |
| Deferred Revenue (Current) | 0 | 0 | 0 | 30.59M | 0 | 0 | 0 | 0 | 27.01M | 32.44M | 0 | 31.77M | 0 | 0 | 0 | 0 | 25.27M | 0 | 24.16M | 0 |
| Other Current Liabilities | 54.73M | 45.69M | 56.49M | 48.08M | 32.55M | 49.6M | 37.38M | 34.73M | 55.05M | 482K | 33.49M | -48.05M | 31.11M | 34.89M | 34.03M | 28.89M | -35.53M | 30.41M | 13.44M | 25.89M |
| Current Ratio | 2.72x | 3.03x | 3.10x | 2.84x | 2.77x | 2.99x | 2.21x | 2.57x | 2.80x | 2.89x | 2.90x | 2.91x | 3.23x | 2.31x | 1.89x | 2.54x | 1.57x | 1.71x | 1.18x | 1.19x |
| Quick Ratio | 2.69x | 2.98x | 3.05x | 2.81x | 2.74x | 2.96x | 2.18x | 2.54x | 2.76x | 2.86x | 2.87x | 2.88x | 3.20x | 2.28x | 1.86x | 2.50x | 1.52x | 1.66x | 1.13x | 1.16x |
| Cash Conversion Cycle | -2.21 | -2.89 | 24.3 | 29.17 | 7.57 | 10.5 | 12.41 | 26.26 | 31.48 | 15.94 | 14.19 | 14.14 | 10.82 | 6.65 | 5.55 | 13.12 | 16.74 | 14.7 | 18.04 | - |
| Total Non-Current Liabilities | 1.71B | 1.74B | 1.77B | 1.7B | 1.68B | 1.7B | 1.58B | 1.66B | 1.68B | 1.71B | 1.73B | 1.76B | 1.79B | 1.62B | 1.6B | 1.63B | 1.52B | 1.55B | 1.53B | 1.56B |
| Long-Term Debt | 1.71B | 1.74B | 758.51M | 721.81M | 733.61M | 676.89M | 755.86M | 821.61M | 834.93M | 1.71B | 861.38M | 1.76B | 879.79M | 1.02B | 1.03B | 801.4M | 1.52B | 841.5M | 1.53B | 1.56B |
| Capital Lease Obligations | 0 | 0 | 1.01B | 974.47M | 943.32M | 1.03B | 821.83M | 834.69M | 847.64M | 0 | 872.96M | 885.8M | 907.39M | 597.8M | 572.11M | 832.3M | 665.05M | 710.45M | 0 | 0 |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 3.03M | 163K | 85K | 3.49M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -885.8M | 0 | 0 | 0 | 0 | -665.05M | 1 | 0 | 0 |
| Total Liabilities | 1.89B | 1.9B | 1.94B | 1.87B | 1.84B | 1.86B | 1.73B | 1.82B | 1.84B | 1.86B | 1.89B | 1.93B | 1.94B | 1.77B | 1.75B | 1.76B | 1.65B | 1.68B | 1.66B | 1.69B |
| Total Debt | 1.82B | 1.85B | 1.87B | 1.75B | 1.78B | 1.81B | 1.67B | 1.76B | 1.73B | 1.81B | 1.84B | 2.8B | 1.89B | 1.71B | 1.69B | 1.71B | 2.31B | 1.64B | 1.61B | 1.65B |
| Net Debt | 1.43B | 1.4B | 1.4B | 1.34B | 1.37B | 1.37B | 1.38B | 1.39B | 1.35B | 1.4B | 1.41B | 2.35B | 1.42B | 1.38B | 1.42B | 1.43B | 2.13B | 1.44B | 1.47B | 1.5B |
| Debt / Equity | 2.61x | 2.57x | 2.54x | 2.30x | 2.27x | 2.24x | 2.09x | 2.14x | 2.06x | 2.14x | 2.10x | 3.22x | 2.17x | 1.89x | 1.90x | 1.88x | 2.55x | 1.84x | 1.87x | 1.93x |
| Debt / EBITDA | 34.07x | 29.69x | 30.51x | 27.89x | 27.11x | 26.28x | 23.74x | 27.77x | 24.59x | 23.69x | 24.55x | 42.12x | 26.02x | 21.65x | 23.86x | 25.72x | 41.07x | 17.14x | 24.89x | 35.12x |
| Net Debt / EBITDA | 26.79x | 22.50x | 22.72x | 21.33x | 20.88x | 19.93x | 19.63x | 21.93x | 19.15x | 18.33x | 18.82x | 35.35x | 19.48x | 17.45x | 20.04x | 21.45x | 37.97x | 15.04x | 22.75x | 32.04x |
| Interest Coverage | 1.70x | 1.86x | 1.80x | 1.73x | 1.85x | 2.78x | 1.66x | 1.81x | 2.24x | 2.09x | 2.64x | 1.77x | 1.63x | 2.69x | 3.16x | 3.06x | 4.81x | 5.84x | 3.29x | 1.91x |
| Total Equity | 698.2M | 719.26M | 738.28M | 762.02M | 784.85M | 806.63M | 801.93M | 823.61M | 840.93M | 847.65M | 874.92M | 869.73M | 870.63M | 907.09M | 891.05M | 909.87M | 905.39M | 889.39M | 861.45M | 852.02M |
| Equity Growth % | -11.04% | -10.83% | -7.94% | -7.48% | -6.67% | -4.84% | -8.34% | -5.3% | -3.41% | -6.55% | -1.81% | -4.41% | -3.84% | 1.99% | 3.44% | 6.79% | 5.14% | 6.49% | 5.52% | 4.87% |
| Book Value per Share | 12.91 | 13.30 | 13.65 | 14.09 | 14.51 | 14.93 | 14.84 | 15.24 | 15.58 | 15.70 | 16.21 | 16.12 | 16.15 | 16.99 | 16.65 | 17.02 | 16.97 | 16.68 | 16.18 | 15.94 |
| Total Shareholders' Equity | 698.2M | 719.26M | 738.28M | 762.02M | 784.85M | 806.63M | 801.93M | 823.61M | 840.93M | 847.65M | 874.92M | 869.73M | 870.63M | 907.09M | 891.05M | 909.87M | 905.39M | 889.39M | 861.45M | 852.02M |
| Common Stock | 545K | 545K | 545K | 545K | 545K | 545K | 545K | 545K | 5.45M | 5.45M | 5.45M | 5.45M | 5.45M | 5.45M | 5.41M | 5.41M | 5.41M | 5.41M | 5.41M | 5.41M |
| Retained Earnings | -183.16M | -202.68M | -224.23M | -241.04M | -258.76M | -277.49M | -322.71M | -340.12M | -361.95M | -354.87M | -327.25M | -332.08M | -330.84M | -293.69M | -295.17M | -275.32M | -279.72M | -295.63M | -324.82M | -336.34M |
| Treasury Stock | -4.18M | -4.18M | -4.22M | -4.22M | -4.22M | -4.22M | -4.22M | -6.26M | -7.56M | -7.56M | -7.56M | -8.08M | -8.08M | -8.08M | -8.08M | -9.33M | -9.45M | -9.45M | -9.45M | -7.3M |
| Accumulated OCI | 0 | 221.27M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |