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Flex Ltd. FLEX Debt-to-assets

Debt-to-assets at other companies

Jabil logo
JabilJBL
0.2×0.0×
Celestica logo
CelesticaCLS
0.1×-0.1×
TD SYNNEX logo
TD SYNNEXSNX
0.1×0.0×
Fortive logo
FortiveFTV
0.3×+0.1×
ROP
Roper Technologies, Inc.ROP
0.3×+0.1×
Amcor logo
AmcorAMCR
0.4×-0.1×

Other financials

Income statement

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Revenue$7.5B+16.9%
Gross profit$730.0M+29.7%
Operating income$372.0M+22.0%
Net income$250.0M+12.6%
EPS (diluted)$0.67+17.5%

Balance sheet

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Cash & equivalents$2.4B+4.4%
Total debt$4.5B+4.3%
Total equity$5.1B+2.8%
Total assets$22.1B+20.0%

Cash flow

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Operating cash flow$413.0M-4.6%
CapEx$202.0M+80.4%
Free cash flow$211.0M-34.3%

Valuation

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Market cap$54.08B+89.9%
Enterprise value$56.16B+78.2%
P/E61.5×+27.5×
P/S1.9×+0.8×

Profitability

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Gross margin9.4%+0.9pp
Operating margin4.9%+0.4pp
Net margin3.2%-0.1pp

Returns & leverage

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Return on equity17.3%+1.1pp
Debt / equity0.9×0.0×
Current ratio1.4×+0.1×

Where this comes from

Calculated from Flex Ltd.’s reported figures.

Based on the most recent quarter.

The official record: Flex Ltd.’s 10-K, filed May 20, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Flex Ltd.'s debt-to-assets?
Flex Ltd. (FLEX) reported debt-to-assets of 0.2× in Q1 2026.
How has Flex Ltd.'s debt-to-assets changed year-over-year?
Flex Ltd.'s debt-to-assets decreased by 13.1% year-over-year, from 0.2× to 0.2×.
What is the long-term trend for Flex Ltd.'s debt-to-assets?
Over 4 years (2022 to 2026), Flex Ltd.'s debt-to-assets has grown at a -4.4% compound annual growth rate (CAGR), from 1.1× to 0.9×.
What does debt-to-assets mean?
What fraction of everything the company owns is funded by debt.
How do you interpret debt-to-assets?
A lower ratio indicates a more conservatively financed balance sheet. Rising debt-to-assets over time signals increasing financial risk.
How does debt-to-assets compare across companies?
Comparable within an industry; bounded between 0 and 1 for most non-financials, which makes cross-company reads cleaner than debt-to-equity.