Flex LNG (FLNG) Debt to Equity (2018 - 2025)
Flex LNG's (FLNG) quarterly Debt to Equity came in at $2.57 in Q4 2025, up 14.36% year-on-year from $2.25 in Q4 2024, and up 14.36% quarter-over-quarter from $2.25 in Q4 2024.
Flex LNG (FLNG) Debt to Equity (2018 - 2025) Analysis & Trends
Flex LNG has disclosed Debt to Equity across 8 years of filings, most recently posting $2.57 for Q4 2025.
- Debt to Equity for Q4 2025 came in at $2.57, up 14.36% year-over-year; the trailing twelve-month figure through Dec 2025 was $2.57 (up 14.36% YoY), and the FY2025 annual result was $2.57, up 14.36% from the prior year.
- Debt to Equity came in at $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.
- The 5-year median for Debt to Equity is $2.57 (2025), against an average of $124.82.
- Across the five-year window, Debt to Equity surged 8063.82% in 2021 and plunged 99.32% in 2023, its largest moves.
- Flex LNG's Debt to Equity stood at $301.87 in 2021, then gained by 4.44% to $315.28 in 2022, then slumped by 99.32% to $2.14 in 2023, then advanced by 5.1% to $2.25 in 2024, then advanced by 14.36% to $2.57 in 2025.
- The last three Debt to Equity figures came in at $2.57 (Q4 2025), $2.25 (Q4 2024), and $2.14 (Q4 2023), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Debt/Equity (Qtr) |
|---|---|---|---|---|---|
| 1 | Enbridge | 88.33 Bn | 89.03 Bn | 6.70 Bn | 1.66 |
| 2 | Enterprise Products Partners | 80.83 Bn | 79.68 Bn | - | 1.12 |
| 3 | Kinder Morgan | 69.66 Bn | 70.75 Bn | 3.08 Bn | 1.02 |
| 4 | Energy Transfer | 65.60 Bn | 64.88 Bn | 6.62 Bn | 2.01 |
| 5 | Scorpio Tankers | 59.17 Bn | 58.19 Bn | - | - |
| 6 | Mplx | 57.43 Bn | 55.92 Bn | 2.54 Bn | 1.79 |
| 7 | Targa Resources | 56.68 Bn | 56.71 Bn | 1.70 Bn | 5.85 |
| 8 | Oneok | 55.34 Bn | 55.21 Bn | 2.57 Bn | 1.43 |
| 9 | Tc Energy | 50.79 Bn | 51.99 Bn | 2.95 Bn | 1.71 |
| 10 | Flex LNG | 10,663.20 | -389.06 Mn | 61.79 Mn | - |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 |
| Dec 31, 2019 | -0.65 |
| Dec 31, 2018 | -1.24 |