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Flex Ltd (FLEX)
NASDAQ:FLEX
US Market

Flex (FLEX) Ratios

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Flex Ratios

FLEX's free cash flow for Q3 2026 was $0.10. For the 2026 fiscal year, FLEX's free cash flow was decreased by $ and operating cash flow was $0.05. See a summary of the company’s cash flow.
Ratios
TTM
Mar 25Mar 24Mar 23Mar 22
Liquidity Ratios
Current Ratio
1.40 1.30 1.52 1.48 1.34
Quick Ratio
0.88 0.79 0.79 0.80 0.72
Cash Ratio
0.28 0.23 0.29 0.29 0.28
Solvency Ratio
0.08 0.10 0.12 0.08 0.09
Operating Cash Flow Ratio
0.16 0.15 0.16 0.09 0.10
Short-Term Operating Cash Flow Coverage
2.53 1.24 0.00 6.33 1.08
Net Current Asset Value
$ -547.00M$ -538.00M$ 60.00M$ 332.00M$ -781.00M
Leverage Ratios
Debt-to-Assets Ratio
0.27 0.23 0.21 0.20 0.25
Debt-to-Equity Ratio
1.09 0.83 0.70 0.78 1.15
Debt-to-Capital Ratio
0.52 0.45 0.41 0.44 0.53
Long-Term Debt-to-Capital Ratio
0.46 0.33 0.38 0.40 0.44
Financial Leverage Ratio
4.07 3.67 3.43 4.00 4.68
Debt Service Coverage Ratio
1.70 1.12 10.04 4.15 1.37
Interest Coverage Ratio
6.34 5.36 5.30 5.32 5.56
Debt to Market Cap
0.21 0.29 0.28 0.35 0.48
Interest Debt Per Share
15.45 11.17 9.59 9.67 10.31
Net Debt to EBITDA
1.45 1.04 0.91 0.67 1.11
Profitability Margins
Gross Profit Margin
9.07%8.36%7.06%6.93%7.23%
EBIT Margin
4.92%4.81%3.30%3.64%4.59%
EBITDA Margin
6.54%6.90%5.34%5.40%6.55%
Operating Profit Margin
4.89%4.53%3.23%3.57%3.61%
Pretax Profit Margin
4.13%3.96%2.52%2.83%3.91%
Net Profit Margin
3.17%3.25%3.81%2.78%3.80%
Continuous Operations Profit Margin
3.17%3.25%3.30%2.40%3.54%
Net Income Per EBT
76.96%81.92%151.05%98.27%97.10%
EBT Per EBIT
84.38%87.51%78.08%79.35%108.31%
Return on Assets (ROA)
4.09%4.56%5.51%3.70%4.84%
Return on Equity (ROE)
16.83%16.75%18.89%14.82%22.67%
Return on Capital Employed (ROCE)
13.17%13.70%8.78%9.65%10.33%
Return on Invested Capital (ROIC)
9.49%9.83%8.78%8.05%8.42%
Return on Tangible Assets
4.45%5.02%5.96%3.97%5.33%
Earnings Yield
3.46%6.48%8.67%7.59%10.60%
Efficiency Ratios
Receivables Turnover
6.99 6.02 8.05 7.66 6.33
Payables Turnover
3.76 4.60 5.49 4.63 3.65
Inventory Turnover
4.40 4.66 3.96 3.59 3.47
Fixed Asset Turnover
8.77 8.93 9.20 9.67 8.92
Asset Turnover
1.29 1.40 1.45 1.33 1.27
Working Capital Turnover Ratio
6.91 6.94 5.49 6.48 6.89
Cash Conversion Cycle
38.23 59.45 71.18 70.57 62.85
Days of Sales Outstanding
52.19 60.62 45.35 47.68 57.64
Days of Inventory Outstanding
83.00 78.25 92.25 101.66 105.09
Days of Payables Outstanding
96.96 79.42 66.43 78.76 99.89
Operating Cycle
135.19 138.87 137.60 149.34 162.73
Cash Flow Ratios
Operating Cash Flow Per Share
4.53 3.85 3.25 2.09 2.15
Free Cash Flow Per Share
3.09 2.73 1.95 0.69 1.22
CapEx Per Share
1.44 1.12 1.30 1.40 0.93
Free Cash Flow to Operating Cash Flow
0.68 0.71 0.60 0.33 0.57
Dividend Paid and CapEx Coverage Ratio
3.14 3.44 2.50 1.50 2.31
Capital Expenditure Coverage Ratio
3.14 3.44 2.50 1.50 2.31
Operating Cash Flow Coverage Ratio
0.30 0.36 0.35 0.23 0.22
Operating Cash Flow to Sales Ratio
0.06 0.06 0.05 0.03 0.04
Free Cash Flow Yield
4.80%8.25%6.86%3.02%6.58%
Valuation Ratios
Price-to-Earnings (P/E) Ratio
28.90 15.43 11.54 13.17 9.43
Price-to-Sales (P/S) Ratio
0.90 0.50 0.44 0.37 0.36
Price-to-Book (P/B) Ratio
4.81 2.59 2.18 1.95 2.14
Price-to-Free Cash Flow (P/FCF) Ratio
20.84 12.12 14.58 33.16 15.20
Price-to-Operating Cash Flow Ratio
14.44 8.59 8.75 11.00 8.62
Price-to-Earnings Growth (PEG) Ratio
-16.40 -1.16 0.36 -1.18 0.16
Price-to-Fair Value
4.81 2.59 2.18 1.95 2.14
Enterprise Value Multiple
15.24 8.31 9.14 7.46 6.58
Enterprise Value
26.76B 14.79B 12.88B 11.48B 10.61B
EV to EBITDA
15.24 8.31 9.14 7.46 6.58
EV to Sales
1.00 0.57 0.49 0.40 0.43
EV to Free Cash Flow
23.03 13.86 16.19 36.45 18.27
EV to Operating Cash Flow
15.70 9.83 9.72 12.08 10.37
Tangible Book Value Per Share
9.16 8.49 9.67 9.37 5.16
Shareholders’ Equity Per Share
13.62 12.79 13.05 11.79 8.67
Tax and Other Ratios
Effective Tax Rate
0.23 0.18 -0.31 0.15 0.10
Revenue Per Share
71.37 66.02 64.73 62.78 51.75
Net Income Per Share
2.27 2.14 2.47 1.75 1.97
Tax Burden
0.77 0.82 1.51 0.98 0.97
Interest Burden
0.84 0.82 0.76 0.78 0.85
Research & Development to Revenue
0.00 0.00 0.00 0.00 0.00
SG&A to Revenue
0.00 0.00 0.00 0.00 0.00
Stock-Based Compensation to Revenue
<0.01 <0.01 <0.01 <0.01 <0.01
Income Quality
2.00 1.80 1.07 0.92 1.09
Currency in USD