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Flex Ltd. Balance Sheet Statement

Assets, liabilities, and shareholders' equity

Flex Ltd. holds $22.1B in total assets. Shareholders' equity is $5.1B against $4.5B in total debt. Cash and equivalents total $2.4B. The current ratio is 1.36 and debt-to-equity is 0.868. Based on the Q1 2026 filing.

Total Assets$22.1BTotal Stockholders Equity$5.1BLong Term Debt$3.8BCash And Equivalents$2.4BTotal Current Assets$16.3BTotal Current Liabilities$12.0B
Latest FilingQ1 2026
Report Date2026-05-20
Market Cap$55.7B
P/E Ratio63.28
ROE17.35%

Current Liabilities

MetricQ3 '25Q4 '25Q1 '26Q2 '26Q3 '26Q4 '26
Accounts payable$5B$5.1B$5.8B$6.1B$6.5B$8.1B
Accrued expenses—$560M———$671M
Accrued Manufacturing Costs$511M$560M$494M$568M$590M$671M
Deferred revenue and customer working capital advances$1.9B$2B$1.9B$1.9B$2B$2.2B
Compensation and benefits$511M$560M$494M$568M$590M$671M
Other accrued liabilities$1B$977M$1.1B$1.1B$1.2B$1.1B
Current portion of long-term debt$532M$1.2B$677M$676M$675M$0
Derivative Liabilities - Fair Value—$79M——$29M—
Supplier Finance Program Obligations$127M$119M$131M$136M$129M—
Total current liabilities$9B$9.9B$9.9B$10.4B$10.9B$12B

Current Assets

MetricQ3 '25Q4 '25Q1 '26Q2 '26Q3 '26Q4 '26
Accounts receivable, net$3.4B$3.7B$3.9B$3.9B$3.8B$4.7B
Allowance for Doubtful Accounts$9M$7M$9M$9M$9M—
Cash and cash equivalents$2.3B$2.3B$2.2B$2.2B$3.1B$2.4B
Finished goods$473M$494M$516M$545M$640M—
Other current assets$1.2B$1.2B$1.3B$1.6B$1.8B$2.4B
Derivative assets—$34M——$82M—
Raw materials$4.3B$4.1B$4.2B$4.2B$4.4B—
Work in process$465M$485M$516M$536M$462M—
Inventories$5.3B$5.1B$5.2B$5.3B$5.5B$5.8B
Prepaid expenses and other current assets—$1.2B———$2.4B
Restricted cash$20M———$0—
Total current assets$12.8B$12.8B$13.5B$13.8B$15.2B$16.3B

Equity

MetricQ3 '25Q4 '25Q1 '26Q2 '26Q3 '26Q4 '26
Accumulated other comprehensive income (loss)-$279M-$224M-$116M-$111M-$104M-$167M
Common stock$4.2B$4.1B$3.9B$3.7B$3.5B$3.3B
Retained earnings$1.1B$1.3B$1.5B$1.7B$1.9B$2.2B
Share Repurchase Program - Amount Remaining$1.3B—$800M$1.5B$1.3B—
Total liabilities and stockholders' equity$18.3B$18.4B$19.1B$19.5B$20.8B$22.1B
Total stockholders' equity$5B$5B$5.1B$5B$5.1B$5.1B
Treasury stock—$200M$200M$200M$200M$200M

Other

MetricQ3 '25Q4 '25Q1 '26Q2 '26Q3 '26Q4 '26
AOCI - Cash Flow Hedge Reclassification (Next 12 Months)-$21M—$30M$30M$34M—
Gross Assets/Liabilities—$79M——$29M—
Accrued asset impairment$5M—————
Allowance for doubtful accounts$9M$7M$9M$9M$9M—
Business Combination, Contingent Consideration, Liability—$5M——$2M—
Common stock, no par value (in dollars per share)$0.00$0.00$0.00$0.00$0.00—
Common stock, shares issued (in shares)384.3M383.4M381.8M376.4M373.2M—
Common Stock, Shares, Outstanding384.3M377.8M376.2M370.9M367.6M—
Contract with Customer, Asset, after Allowance for Credit Loss$633M$616M$751M$819M$881M$1.1B
Contract with Customer, Liability$355M$377M$450M$429M$456M—
Customer working capital advances$1.6B$1.6B$1.5B$1.5B$1.5B—
Long-term debt, gross$3.7B—$3.7B$3.7B$4.5B—
Mutual funds, money market accounts and equity securities—$43M——$49M—
Derivative Liability—$79M——$29M—
Thereafter$99M—$104M$104M$105M—
Finite-Lived Intangible Assets, Accumulated Amortization$375M$405M$203M$202M$217M—
2028$61M—$44M$44M$44M—
2030$42M—$36M$36M$36M—
Remainder of 2026$24M—$47M$31M$15M—
2027$72M—$58M$58M$59M—
2029$45M—$41M$41M$41M—
Gross Carrying Amount$718M$748M$533M$516M$517M—
2028$0—$898M$898M$898M—
2029$398M—$29M$30M$30M—
2030$25M—$684M$685M$685M—
2027$1.2B—$0$0$0—
Remainder of 2026$0—$677M$676M$675M—
Thereafter$2.1B—$1.4B$1.4B$2.2B—
Long-term debt weighted-average interest rate4.6%4.6%4.6%4.6%4.7%—
Number of countries in which Visa operates (more than)3000.0%—3000.0%3000.0%3000.0%—
Number of supplier finance program4.00—4.004.004.00—
Construction materials and aviation spare parts—$416M—$768M$924M—
Other accrued liabilities current$226M$246M$281M$304M$374M—
Restructuring Reserve$53M$51M$53M$41M$31M—
Severance accrual, current$53M—$53M$41M$31M—
Restructuring liability – non-current portion$0—$0$0$0—
Share Repurchase Program, Authorized, Amount———$1.7B——
Share Repurchase Program, Remaining Authorized, Amount$1.3B—$800M$1.5B$1.3B—
Supplier finance program, obligation$127M$119M$131M$136M$129M—
Treasury stock, shares (in shares)—5.6M5.6M5.6M5.6M—
Unamortized Debt Issuance Expense$16M$14M$13M$12M$18M—

Non-Current Assets

MetricQ3 '25Q4 '25Q1 '26Q2 '26Q3 '26Q4 '26
Deferred Tax Assets and Other Non-Current Assets$662M$577M$576M$575M$580M$912M
Goodwill$1.3B$1.3B$1.4B$1.4B$1.4B$1.4B
Intangible assets, net—$343M———$283M
Net Investment in Lease$578M$562M$686M$703M$667M$659M
Intangible assets — net$343M$343M$330M$314M$300M—
Other intangible assets—net$343M$343M$330M$314M$300M$283M
Operating lease right-of-use assets$578M$562M$686M$703M$667M$659M
Other non-current assets$1B$964M$951M$960M$933M$912M
Operating lease right-of-use assets—$562M———$659M
Operating Lease Right-of-Use Assets in Other Assets$578M$562M$686M$703M$667M$659M
Other non-current assets—$964M———$912M
Property and equipment, net$2.2B$2.3B$2.3B$2.4B$2.4B$2.5B
Software and Technology Licenses, Net$1B$964M$951M$960M$933M$912M
Total assets$18.3B$18.4B$19.1B$19.5B$20.8B$22.1B

Non-Current Liabilities

MetricQ3 '25Q4 '25Q1 '26Q2 '26Q3 '26Q4 '26
Long-term debt$3.1B$2.5B$3B$3B$3.8B$3.8B
Operating lease liabilities, non-current$475M$456M$583M$604M$583M$565M
Other non-current liabilities$621M$590M$535M$520M$500M$584M
Total Carrying Value of Debt$3.7B—$3.7B$3.7B$4.5B—
Total liabilities$13.3B$13.4B$14B$14.5B$15.7B$16.9B