Flex (FLEX) Debt Ratio (2009 - 2026)
Flex's (FLEX) quarterly Debt Ratio came in at 0.21 in Q2 2026, down 9.07% year-over-year from 0.23 in Q2 2025, and up 21.81% quarter-over-quarter from 0.17 in Q1 2026.
Analysis
Flex (FLEX) Debt Ratio (2009 - 2026) Analysis & Trends
Flex (FLEX) has reported Debt Ratio for 18 consecutive years, with 0.21 the latest figure, recorded in Q2 2026.
- On a quarterly basis, Debt Ratio fell 9.07% year-over-year to 0.21 in Q2 2026; TTM through Jun 2026 was 0.21, a 9.07% decrease from a year earlier, with the FY2026 full-year figure at 0.17, down 36.23% from the prior year.
- Debt Ratio was 0.21 for Q2 2026 at Flex, up from 0.17 in the prior quarter.
- Over five years, Debt Ratio peaked at 0.27 in Q1 2025 and troughed at 0.16 in Q3 2023.
- A 5-year average of 0.21 and a median of 0.22 in 2022 frame the typical range for Debt Ratio.
- Across the five-year window, Debt Ratio soared 49.28% in 2025 and sank 36.23% in 2026, its largest moves.
- Over 5 years, Debt Ratio stood at 0.22 in 2022, then decreased by 22.15% to 0.17 in 2023, then soared by 36.56% to 0.23 in 2024, then climbed by 6.5% to 0.25 in 2025, then slipped by 15.61% to 0.21 in 2026.
- The last three Debt Ratio figures came in at 0.21 (Q2 2026), 0.17 (Q1 2026), and 0.25 (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Debt Ratio (Qtr) |
|---|---|---|---|---|---|
| 1 | Flex | 41.37 Bn | 38.53 Bn | 747.00 Mn | 0.21 |
| 2 | Celestica | 39.75 Bn | 39.22 Bn | 577.50 Mn | 0.08 |
| 3 | Jabil | 32.98 Bn | 31.62 Bn | 828.00 Mn | 0.16 |
| 4 | Fabrinet | 15.16 Bn | 14.28 Bn | 158.05 Mn | - |
| 5 | Ttm Technologies | 13.23 Bn | 12.72 Bn | 211.86 Mn | 0.22 |
| 6 | Sanmina | 11.08 Bn | 9.23 Bn | 363.31 Mn | 0.25 |
| 7 | Plexus | 6.61 Bn | 6.30 Bn | 131.38 Mn | 0.08 |
| 8 | Benchmark Electronics | 2.67 Bn | 2.35 Bn | 78.40 Mn | 0.08 |
| 9 | Kimball Electronics | 610.32 Mn | 521.39 Mn | 32.95 Mn | 0.11 |
| 10 | Eltek | 52.55 Mn | 41.04 Mn | - | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 26, 2026 | 0.21 |
| Mar 31, 2026 | 0.17 |
| Dec 31, 2025 | 0.25 |
| Sep 26, 2025 | 0.22 |
| Jun 27, 2025 | 0.23 |
| Mar 31, 2025 | 0.27 |
| Dec 31, 2024 | 0.23 |
| Sep 27, 2024 | 0.23 |
| Jun 28, 2024 | 0.21 |
| Mar 31, 2024 | 0.18 |
| Dec 31, 2023 | 0.17 |
| Sep 29, 2023 | 0.16 |
| Jun 30, 2023 | 0.18 |
| Mar 31, 2023 | 0.18 |
| Dec 31, 2022 | 0.22 |
| Sep 30, 2022 | 0.24 |
| Jul 1, 2022 | 0.25 |
| Mar 31, 2022 | 0.27 |
| Dec 31, 2021 | 0.28 |
| Oct 1, 2021 | 0.23 |