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
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
Dec 31, 2019 -0.65
Dec 31, 2018 -1.24