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Flex Ltd. FLEX Debt-to-equity

Debt-to-equity at other companies

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JabilJBL
3.3×+0.8×
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0.5×-0.3×
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TD SYNNEXSNX
0.5×0.0×
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FortiveFTV
0.6×+0.2×
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0.6×+0.2×
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AmcorAMCR
1.4×-1.0×

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$52.44B+89.9%
Enterprise value$54.52B+78.2%
P/E59.6×+26.6×
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
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-equity?
Flex Ltd. (FLEX) reported debt-to-equity of 0.9× in Q1 2026.
How has Flex Ltd.'s debt-to-equity changed year-over-year?
Flex Ltd.'s debt-to-equity increased by 1.4% year-over-year, from 0.9× to 0.9×.
What is the long-term trend for Flex Ltd.'s debt-to-equity?
Over 4 years (2022 to 2026), Flex Ltd.'s debt-to-equity has grown at a -8.5% compound annual growth rate (CAGR), from 5× to 3.5×.
What does debt-to-equity mean?
How much debt the company carries for every dollar of shareholder equity.
How do you interpret debt-to-equity?
Lower is generally safer, but moderate leverage can boost returns. Read in the context of cash-flow stability — a utility tolerates more debt than a cyclical. Negative equity makes the ratio meaningless and it is suppressed there.
How does debt-to-equity compare across companies?
Comparable within an industry; capital structures differ sharply across sectors. Not meaningful for banks.