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Flex Ltd (FLEX)
:FLEX
US Market
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Flex (FLEX) Ratios

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Flex Ratios

FLEX's free cash flow for Q1 2026 was $0.09. For the 2026 fiscal year, FLEX's free cash flow was decreased by $ and operating cash flow was $0.04. See a summary of the company’s cash flow.
Ratios
TTM
Dec 25Dec 24Dec 23Dec 22
Liquidity Ratios
Current Ratio
1.36 1.52 1.48 1.34 1.45
Quick Ratio
0.83 0.79 0.78 0.72 0.95
Cash Ratio
0.23 0.29 0.30 0.28 0.34
Solvency Ratio
0.10 0.12 0.08 0.10 0.09
Operating Cash Flow Ratio
0.16 0.16 0.09 0.10 0.02
Short-Term Operating Cash Flow Coverage
2.31 0.00 6.33 1.08 0.54
Net Current Asset Value
$ -576.00M$ 60.00M$ 332.00M$ -781.00M$ -1.04B
Leverage Ratios
Debt-to-Assets Ratio
0.22 0.21 0.20 0.25 0.27
Debt-to-Equity Ratio
0.84 0.70 0.81 1.15 1.26
Debt-to-Capital Ratio
0.46 0.41 0.45 0.53 0.56
Long-Term Debt-to-Capital Ratio
0.37 0.38 0.40 0.48 0.54
Financial Leverage Ratio
3.76 3.43 4.00 4.68 4.61
Debt Service Coverage Ratio
1.71 7.40 2.55 1.23 3.18
Interest Coverage Ratio
6.02 4.12 2.59 6.39 5.47
Debt to Market Cap
0.19 0.28 0.35 0.54 0.48
Interest Debt Per Share
11.73 9.70 10.58 10.29 9.01
Net Debt to EBITDA
1.19 0.96 0.71 1.23 1.19
Profitability Margins
Gross Profit Margin
8.67%7.06%7.46%7.42%6.99%
EBIT Margin
4.92%3.13%3.29%4.34%3.93%
EBITDA Margin
6.50%5.02%4.91%5.59%5.93%
Operating Profit Margin
4.78%3.23%3.90%3.73%3.40%
Pretax Profit Margin
4.13%2.52%3.21%4.01%2.96%
Net Profit Margin
3.42%3.81%2.61%3.59%2.54%
Continuous Operations Profit Margin
3.42%3.30%2.25%3.35%2.89%
Net Income Per EBT
82.73%151.05%81.42%89.57%85.85%
EBT Per EBIT
86.37%78.08%82.26%107.51%86.97%
Return on Assets (ROA)
4.66%5.51%3.71%4.84%3.87%
Return on Equity (ROE)
17.74%18.89%14.82%22.67%17.84%
Return on Capital Employed (ROCE)
13.54%8.78%11.23%11.28%10.26%
Return on Invested Capital (ROIC)
10.43%11.49%11.75%9.14%8.52%
Return on Tangible Assets
5.11%5.96%4.02%5.33%4.22%
Earnings Yield
4.41%8.67%7.59%10.60%6.71%
Efficiency Ratios
Receivables Turnover
5.58 8.05 8.15 6.69 5.69
Payables Turnover
4.11 5.49 4.91 3.85 4.28
Inventory Turnover
4.57 3.96 3.73 3.66 5.76
Fixed Asset Turnover
8.65 9.20 10.26 9.43 8.81
Asset Turnover
1.36 1.45 1.42 1.35 1.52
Working Capital Turnover Ratio
7.98 5.49 6.90 7.28 8.93
Cash Conversion Cycle
56.39 71.18 68.25 59.46 42.17
Days of Sales Outstanding
65.44 45.35 44.78 54.52 64.17
Days of Inventory Outstanding
79.82 92.25 97.88 99.62 63.36
Days of Payables Outstanding
88.88 66.43 74.40 94.68 85.36
Operating Cycle
145.27 137.60 142.66 154.14 127.53
Cash Flow Ratios
Operating Cash Flow Per Share
4.10 3.25 2.09 2.15 0.29
Free Cash Flow Per Share
2.90 1.95 0.69 1.22 -0.41
CapEx Per Share
1.21 1.30 1.40 0.93 0.70
Free Cash Flow to Operating Cash Flow
0.71 0.60 0.33 0.57 -1.44
Dividend Paid and CapEx Coverage Ratio
3.40 2.50 1.45 2.31 0.41
Capital Expenditure Coverage Ratio
3.40 2.50 1.50 2.31 0.41
Operating Cash Flow Coverage Ratio
0.37 0.35 0.22 0.22 0.03
Operating Cash Flow to Sales Ratio
0.06 0.05 0.03 0.04 <0.01
Free Cash Flow Yield
5.55%6.86%3.02%6.58%-2.27%
Valuation Ratios
Price-to-Earnings (P/E) Ratio
22.65 11.54 13.17 9.43 14.90
Price-to-Sales (P/S) Ratio
0.76 0.44 0.34 0.34 0.38
Price-to-Book (P/B) Ratio
3.97 2.18 1.95 2.14 2.66
Price-to-Free Cash Flow (P/FCF) Ratio
18.01 14.58 33.16 15.20 -44.14
Price-to-Operating Cash Flow Ratio
12.91 8.75 11.00 8.62 63.45
Price-to-Earnings Growth (PEG) Ratio
3.23 0.36 -1.18 0.16 0.02
Price-to-Fair Value
3.97 2.18 1.95 2.14 2.66
Enterprise Value Multiple
12.93 9.72 7.72 7.29 7.58
Enterprise Value
21.91B 12.88B 11.50B 10.61B 10.84B
EV to EBITDA
12.93 9.72 7.72 7.29 7.58
EV to Sales
0.84 0.49 0.38 0.41 0.45
EV to Free Cash Flow
19.85 16.19 36.51 18.27 -52.39
EV to Operating Cash Flow
14.01 9.72 12.10 10.37 75.31
Tangible Book Value Per Share
8.90 9.67 8.91 5.16 4.27
Shareholders’ Equity Per Share
13.36 13.05 11.79 8.67 6.89
Tax and Other Ratios
Effective Tax Rate
0.17 -0.31 -0.06 0.10 0.14
Revenue Per Share
68.44 64.73 66.84 54.71 48.34
Net Income Per Share
2.34 2.47 1.75 1.97 1.23
Tax Burden
0.83 1.51 0.81 0.90 0.86
Interest Burden
0.84 0.81 0.98 0.92 0.75
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
0.00 <0.01 <0.01 <0.01 <0.01
Income Quality
1.76 1.07 0.92 1.09 0.23
Currency in USD
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