FLEX LNG Ltd.
Balance Sheet
Last updated:
The balance sheet is a financial statement presenting the value of assets, liabilities and equity of a company. How has FLEX LNG Ltd.'s balance sheet done over the years? Its assets were worth $2,709,193,000 last year, which is more than in the previous period. 69% of FLEX LNG Ltd.’s total assets is currently financed by debt. Its liabilities reached the amount of $1,861,540,000, which means an increase by 5% compared compared to last year.
Debt to Assets
| 2014 | 217861000 | 7.84M | 3.6% |
|---|---|---|---|
| 2015 | 215247000 | 7.61M | 3.54% |
| 2016 | 214133000 | 8.19M | 3.83% |
| 2017 | 684510000 | 164.40M | 24.02% |
| 2018 | 1294386000 | 467.06M | 36.08% |
| 2019 | 1641282000 | 802.01M | 48.87% |
| 2020 | 2304020000 | 1.46B | 63.75% |
| 2021 | 2572921000 | 1.68B | 65.43% |
| 2022 | 2679512000 | 1.77B | 66.15% |
| 2023 | 2709193000 | 1.86B | 68.71% |
FLNG.OL Balance Sheet (2014 – 2023)
| 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|
Assets | ||||||||||
Current assets: | ||||||||||
Cash and cash equivalents | 410.42M | 332.32M | 200.65M | 128.87M | 129.00M | 54.93M | 9.96M | 1.43M | 3.72M | 6.73M |
Short term investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Net receivables | 19.92M | 8.49M | 14.78M | 13.88M | 315K | 4.41M | 0 | 46K | 250K | 46K |
Inventory | 5.09M | 5.26M | 6.45M | 3.65M | 2.68M | 915K | 1.04M | 0 | 0 | 0 |
Other current assets | 7.61M | 7.96M | 3.00M | 11.42M | 11.79M | 165K | 6.56M | 174K | 2K | 17K |
Total current assets | 443.06M | 354.04M | 224.89M | 157.84M | 143.89M | 60.42M | 17.57M | 1.65M | 3.97M | 6.79M |
Non-current assets: | ||||||||||
Property, Plant and Equipment | 2.21B | 2.26B | 2.34B | 2.14B | 1.49B | 1.23B | 666.94M | 212.47M | 211.27M | 211.06M |
Goodwill | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Intangible assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Long term investments | 48.82M | 55.51M | 5.86M | 109K | 636K | 0 | 0 | 0 | 0 | 0 |
Other non-current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Total non-current assets | 2.26B | 2.32B | 2.34B | 2.14B | 1.49B | 1.23B | 666.94M | 212.47M | 211.27M | 211.06M |
Total assets | 2.70B | 2.67B | 2.57B | 2.30B | 1.64B | 1.29B | 684.51M | 214.13M | 215.24M | 217.86M |
Liabilities | ||||||||||
| Current liabilities: | ||||||||||
Accounts payable | ||||||||||
Deferred revenue | 0 | 32.96M | 26.87M | 25.34M | 12.57M | 2.55M | 0 | 0 | 0 | 0 |
Short term debt | 103.87M | 95.50M | 81.47M | 64.46M | 34.56M | 23.36M | 0 | 0 | 0 | 0 |
Total current liabilities | 153.26M | 153.19M | 131.58M | 131.83M | 57.73M | 35.46M | 4.40M | 1.19M | 613K | 841K |
| Non-current liabilities: | ||||||||||
Long term debt | 1.70B | 1.61B | 1.55B | 1.33B | 744.28M | 431.60M | 160M | 7M | 7M | 7M |
Deferred tax | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Other non-current liabilities | 0 | 0 | 0 | 0 | 2K | 0 | 0 | 0 | 0 | 0 |
Total non-current liabilities | 1.70B | 1.61B | 1.55B | 1.33B | 744.28M | 431.60M | 160M | 7M | 7M | 7M |
Total liabilities | 1.86B | 1.77B | 1.68B | 1.46B | 802.01M | 467.06M | 164.40M | 8.19M | 7.61M | 7.84M |
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