Flex LNG Ltd. balance sheet

At the end of fiscal 2025, Flex LNG Ltd. had total assets of $2.62bn, total liabilities of $1.90bn and shareholders' equity of $719m. It held $448m in cash against $1.86bn of debt: net debt of $1.41bn.

Balance sheet

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Flex LNG Ltd.: balance sheet, annual
Fiscal year	2017Dec 2017	2018Dec 2018	2019Dec 2019	2020Dec 2020	2021Dec 2021	2022Dec 2022	2023Dec 2023	2024Dec 2024	2025Dec 2025
Cash and equivalents	10	55	129	129	201	332	410	437	448
Receivables	—	0	5	4	5	5	0	1	0
Inventory	—	1	3	4	6	5	5	5	9
Total current assets	—	60	144	158	225	354	443	474	503
Total assets	—	1,294	1,641	2,304	2,573	2,680	2,709	2,669	2,624
Accounts payable	—	1	1	3	2	2	4	2	11
Deferred revenue (current)	—	3	13	25	27	33	32	37	25
Total current liabilities	—	35	58	132	132	153	153	159	166
Short-term debt	—	24	36	68	86	100	106	109	112
Long-term debt	—	432	744	1,337	1,552	1,619	1,708	1,704	1,739
Total debt	0	460	786	1,419	1,652	1,733	1,827	1,823	1,861
Total liabilities	—	467	802	1,469	1,684	1,772	1,862	1,862	1,905
Shareholders' equity	520	827	839	835	889	907	848	807	719
Net debt (negative = net cash)	−10	405	657	1,290	1,452	1,400	1,416	1,386	1,413
Shares outstanding	—	—	54m	—	—	—	—	—	—

Balances at each fiscal year end (quarter end in the quarterly view). Total debt is short- plus long-term borrowings, including lease debt where the company reports it within debt. Where assets do not equal liabilities plus shareholders' equity, the difference (non-controlling interests, redeemable preferred shares) is shown on its own line.

Compare with peers

Head to head: FLNG vs KNOP ASC vs FLNG FLNG vs GLNG FLNG vs NAT

More: Marine Transportation stocks compared, Industrials sector, rankings of US companies

Figures from Flex LNG Ltd.'s SEC filings (10-K and 10-Q). How we read and check them: methodology and data sources. Not investment advice. Back to Flex LNG Ltd.