Flex Ltd (FLEX)
Debt-to-assets ratio
| Mar 31, 2025 | Mar 31, 2024 | Mar 31, 2023 | Mar 31, 2022 | Mar 31, 2021 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total assets | US$ in thousands | 18,381,000 | 18,257,000 | 21,407,000 | 19,325,000 | 15,836,000 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
March 31, 2025 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $18,381,000K
= 0.00
Flex Ltd has consistently maintained a debt-to-assets ratio of 0.00 over the past five years, including as of March 31, 2025. This indicates that the company has not used debt financing to acquire assets during this period. A debt-to-assets ratio of 0.00 suggests that the company relies solely on equity financing to fund its operations and investments. This could indicate a strong financial position with low financial risk, as the company does not have significant debt obligations relative to its asset base. However, it's also important to consider other factors such as the nature of the industry, overall economic conditions, and the company's future growth prospects when assessing the implications of a consistently low debt-to-assets ratio.
Peer comparison
Mar 31, 2025