Flex LNG (FLNG) Interest Coverage Ratio (2018 - 2026)
Flex LNG's (FLNG) quarterly Interest Coverage Ratio came in at 1.7 in Q1 2026, up 20.37% year-on-year from 1.41 in Q1 2025, and up 8.58% quarter-over-quarter from 1.86 in Q4 2025.
Flex LNG (FLNG) Interest Coverage Ratio (2018 - 2026) Analysis & Trends
Flex LNG has disclosed Interest Coverage Ratio across 9 years of filings, most recently posting 1.7 for Q1 2026.
- Interest Coverage Ratio for Q1 2026 came in at 1.7, up 20.37% year-over-year; the trailing twelve-month figure through Mar 2026 was 1.8 (up 6.03% YoY), and the FY2025 annual result was 1.9, up 1.32% from the prior year.
- Interest Coverage Ratio came in at 1.7 for Q1 2026 at Flex LNG, up from 1.86 in the prior quarter.
- In the past five years, Interest Coverage Ratio ranged from a high of 1.64 in Q2 2024 to a low of 3.06 in Q2 2022.
- The 5-year median for Interest Coverage Ratio is 1.96 (2024), against an average of 2.08.
- Peak annual rise in Interest Coverage Ratio reached 53.79% in 2022, while the deepest fall reached 43.9% in 2022.
- Flex LNG's Interest Coverage Ratio stood at 2.49 in 2022, then gained by 16.05% to 2.09 in 2023, then climbed by 6.17% to 1.96 in 2024, then grew by 5.03% to 1.86 in 2025, then advanced by 8.58% to 1.7 in 2026.
- The last three Interest Coverage Ratio figures came in at 1.7 (Q1 2026), 1.86 (Q4 2025), and 1.8 (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Interest Cover (Qtr) |
|---|---|---|---|---|---|
| 1 | Enbridge | 88.33 Bn | 89.03 Bn | 6.70 Bn | 2.64 |
| 2 | Enterprise Products Partners | 80.83 Bn | 79.68 Bn | - | 4.92 |
| 3 | Kinder Morgan | 69.66 Bn | 70.75 Bn | 3.08 Bn | - |
| 4 | Energy Transfer | 65.60 Bn | 64.88 Bn | 6.62 Bn | 3.15 |
| 5 | Scorpio Tankers | 59.17 Bn | 58.19 Bn | - | -17.95 |
| 6 | Mplx | 57.43 Bn | 55.92 Bn | 2.54 Bn | 4.17 |
| 7 | Targa Resources | 56.68 Bn | 56.71 Bn | 1.70 Bn | - |
| 8 | Oneok | 55.34 Bn | 55.21 Bn | 2.57 Bn | 3.25 |
| 9 | Tc Energy | 50.79 Bn | 51.99 Bn | 2.95 Bn | 3.25 |
| 10 | Flex LNG | 10,663.20 | -389.06 Mn | 61.79 Mn | -1.70 |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -1.70 |
| Dec 31, 2025 | -1.86 |
| Sep 30, 2025 | -1.80 |
| Jun 30, 2025 | -1.81 |
| Mar 31, 2025 | -2.14 |
| Dec 31, 2024 | -1.96 |
| Sep 30, 2024 | -1.96 |
| Jun 30, 2024 | -1.64 |
| Mar 31, 2024 | -1.95 |
| Dec 31, 2023 | -2.09 |
| Sep 30, 2023 | -2.04 |
| Jun 30, 2023 | -1.77 |
| Mar 31, 2023 | -2.09 |
| Dec 31, 2022 | -2.49 |
| Sep 30, 2022 | -2.45 |
| Jun 30, 2022 | -3.06 |
| Mar 31, 2022 | -2.62 |
| Dec 31, 2021 | -5.38 |
| Sep 30, 2021 | -3.24 |
| Jun 30, 2021 | -2.12 |