FLEX LNG Ltd.

FLEX LNG Ltd.verified

FLNG.OL

Price:

$265

Market Cap:

$1.30B

Flex LNG Ltd., through its subsidiaries, engages in the seaborne transportation of liquefied natural gas (LNG) worldwide. As of February 16, 2022, it owned and operated nine M-type electronically controlled gas injection LNG carriers; and four vessels with generation X dual fuel propulsion systems. It also provides chartering and management services. Flex LNG Ltd. was incorporated in 2006 and is based in Hamilton, Bermuda.[Read more]

Industry

Oil & Gas Midstream

IPO Date

2009-10-30

Stock Exchange

OSL

Ticker

FLNG.OL

The Current Ratio as of November 2024 (TTM) for FLEX LNG Ltd. (FLNG.OL) is 2.57

According to FLEX LNG Ltd.’s latest financial reports and current stock price. The company's current Current Ratio is 2.57. This represents a change of -7.92% compared to the average of 2.79 of the last 4 quarters.

FLEX LNG Ltd. (FLNG.OL) Historical Current Ratio (quarterly & annually)

How has FLNG.OL Current Ratio performed in the past?

The mean historical Current Ratio of FLEX LNG Ltd. over the last ten years is 3.22. The current 2.57 Current Ratio has changed 7.87% with respect to the historical average. Over the past ten years (40 quarters), FLNG.OL's Current Ratio was at its highest in in the March 2015 quarter at 16.33. The Current Ratio was at its lowest in in the March 2017 quarter at 0.

Quarterly (TTM)
Annual

Average

3.22

Median

2.40

Minimum

1.20

Maximum

8.08

FLEX LNG Ltd. (FLNG.OL) Current Ratio by Quarter and Year

Discovering the peaks and valleys of FLEX LNG Ltd. Current Ratio, unveiling quarterly and yearly fluctuations to gain insights into the company’s financial performance and market dynamics, offering valuable data for investors and analysts alike.

Maximum Annual Increase = 186.09%

Maximum Annual Current Ratio = 8.08

Minimum Annual Increase = -78.51%

Minimum Annual Current Ratio = 1.20

Quarterly (TTM)
Annual
YearCurrent RatioChange
20232.8925.09%
20222.3135.22%
20211.7142.74%
20201.20-51.96%
20192.4946.26%
20181.70-57.24%
20173.99186.09%
20161.39-78.51%
20156.48-19.75%
20148.08101.36%

FLEX LNG Ltd. (FLNG.OL) Average Current Ratio

How has FLNG.OL Current Ratio performed in the past?

The current Current Ratio of FLEX LNG Ltd. (FLNG.OL) is greater than its 3-year, greater than its 5-year, and less than than its 10-year historical averages

3-year avg

2.30

5-year avg

2.12

10-year avg

3.22

FLEX LNG Ltd. (FLNG.OL) Current Ratio vs. Peers

How is FLNG.OL’s Current Ratio compared to its peers?

FLEX LNG Ltd.’s Current Ratio is greater than BW LPG Limited (1.63), greater than Frontline Ltd. (1.38), greater than Golden Ocean Group Limited (1.17), less than Avance Gas Holding Ltd (5.40), greater than Awilco LNG ASA (1.42),

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