Flex LNG (FLNG) Debt to Equity (2018 - 2025)

Flex LNG (FLNG) reported Debt to Equity of $2.57 for Q4 2025, up 14.36% year-over-year from $2.25 in Q4 2024, and up 14.36% sequentially from $2.25 in Q4 2024.

Flex LNG (FLNG) Debt to Equity (2018 - 2025) Analysis & Trends

Flex LNG's Debt to Equity history runs 8 years deep, the most recent figure standing at $2.57 for Q4 2025.

  • Quarterly Debt to Equity rose 14.36% year-over-year to $2.57 in Q4 2025, while the trailing twelve-month figure through Dec 2025 was $2.57 (up 14.36% YoY) and the FY2025 annual result came in at $2.57, up 14.36% from the prior year.
  • Debt to Equity was $2.57 for Q4 2025 at Flex LNG, up from $2.25 in the prior quarter.
  • In the past five years, Debt to Equity ranged from a high of $315.28 in Q4 2022 to a low of $2.14 in Q4 2023.
  • Median Debt to Equity over the past 5 years was $2.57 (2025), compared with a mean of $124.82.
  • Across the five-year window, Debt to Equity jumped 8063.82% in 2021 and tumbled 99.32% in 2023, its largest moves.
  • Over 5 years, Debt to Equity stood at $301.87 in 2021, then rose by 4.44% to $315.28 in 2022, then sank by 99.32% to $2.14 in 2023, then gained by 5.1% to $2.25 in 2024, then gained by 14.36% to $2.57 in 2025.
  • Business Quant data shows FLNG's Debt to Equity at $2.57 in Q4 2025, $2.25 in Q4 2024, and $2.14 in Q4 2023.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Debt/Equity (Qtr)
1 Enbridge 1,308.38 Bn 1,309.08 Bn 6.70 Bn 1.66
2 Kinder Morgan 112.34 Bn 113.42 Bn 3.08 Bn 1.02
3 Enterprise Products Partners 79.55 Bn 78.40 Bn - 1.12
4 Energy Transfer 65.78 Bn 65.07 Bn 6.62 Bn 2.01
5 Targa Resources 57.60 Bn 57.63 Bn 1.70 Bn 5.85
6 Mplx 57.17 Bn 55.67 Bn 2.54 Bn 1.79
7 Oneok 54.83 Bn 54.70 Bn 2.57 Bn 1.43
8 Cheniere Energy Partners 29.50 Bn 29.22 Bn 838.00 Mn 182.28
9 Venture Global 27.41 Bn 27.36 Bn 4.33 Bn 3.41
10 Flex LNG - - 61.79 Mn -

Historic Data

Download Data
DateValue
Dec 31, 2025 2.57
Dec 31, 2024 2.25
Dec 31, 2023 2.14
Dec 31, 2022 315.28
Dec 31, 2021 301.87
Dec 31, 2020 -3.79
Jun 30, 2020 140.86
Dec 31, 2019 -0.65
Dec 31, 2018 -1.24