Flex LNG (FLNG) Interest Coverage Ratio (2018 - 2026)
Flex LNG (FLNG) posted Interest Coverage Ratio of 4.16 for Q1 2026, down 6.98% sequentially from 3.89 in Q4 2025, and down 0.62% YoY from 4.18 in Q1 2025.
Flex LNG (FLNG) Interest Coverage Ratio (2018 - 2026) Analysis & Trends
Flex LNG has reported Interest Coverage Ratio for 9 years, with the latest figure at 4.16 in Q1 2026.
- Quarterly Interest Coverage Ratio fell 0.62% year-over-year to 4.16 in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 3.86 (down 5.76% YoY) and the FY2025 annual result came in at 1.89, up 1.15% from the prior year.
- Interest Coverage Ratio retreated to 4.16 in Q1 2026 per FLNG's latest filing, from 3.89 in the prior quarter.
- Over five years, Interest Coverage Ratio peaked at 3.0 in Q1 2023 and troughed at 5.59 in Q2 2022.
- A 5-year average of 3.92 and a median of 3.73 in 2024 frame the typical range for Interest Coverage Ratio.
- The sharpest annual moves came in 2022 and 2024: Interest Coverage Ratio surged 49.63% in 2022, then fell 18.35% in 2024.
- Over 5 years, Interest Coverage Ratio stood at 4.17 in 2022, then increased by 13.48% to 3.6 in 2023, then retreated by 3.5% to 3.73 in 2024, then declined by 4.16% to 3.89 in 2025, then declined by 6.98% to 4.16 in 2026.
- According to Business Quant data, Interest Coverage Ratio over the past three periods registered 4.16, 3.89, and 3.79 for Q1 2026, Q4 2025, and Q3 2025 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Interest Cover (Qtr) |
|---|---|---|---|---|---|
| 1 | Kinder Morgan | 112.69 Bn | 112.57 Bn | 3.07 Bn | 5.26 |
| 2 | Enbridge | 110.69 Bn | 109.19 Bn | 5.23 Bn | 2.09 |
| 3 | Enterprise Products Partners | 83.45 Bn | 82.54 Bn | - | 2.31 |
| 4 | Energy Transfer | 72.64 Bn | 71.61 Bn | 7.40 Bn | 3.83 |
| 5 | Tc Energy | 65.84 Bn | 58.29 Bn | 1.24 Bn | 0.31 |
| 6 | Mplx | 60.05 Bn | 59.02 Bn | 2.73 Bn | 4.28 |
| 7 | Oneok | 59.98 Bn | 59.82 Bn | 2.81 Bn | 3.67 |
| 8 | Targa Resources | 59.50 Bn | 59.37 Bn | 2.14 Bn | 1.29 |
| 9 | Cheniere Energy | 55.93 Bn | 54.68 Bn | 5.29 Bn | 1.41 |
| 10 | Flex LNG | 1.67 Bn | 1.28 Bn | 61.79 Mn | -4.16 |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -4.16 |
| Dec 31, 2025 | -3.89 |
| Sep 30, 2025 | -3.79 |
| Jun 30, 2025 | -3.65 |
| Mar 31, 2025 | -4.13 |
| Dec 31, 2024 | -3.73 |
| Sep 30, 2024 | -3.55 |
| Jun 30, 2024 | -3.26 |
| Mar 31, 2024 | -3.55 |
| Dec 31, 2023 | -3.60 |
| Sep 30, 2023 | -3.58 |
| Jun 30, 2023 | -3.30 |
| Mar 31, 2023 | -3.00 |
| Dec 31, 2022 | -4.17 |
| Sep 30, 2022 | -4.37 |
| Jun 30, 2022 | -5.59 |
| Mar 31, 2022 | -5.39 |
| Dec 31, 2021 | -8.27 |
| Sep 30, 2021 | -6.01 |
| Jun 30, 2021 | -5.00 |