A global power balance analysis has been performed for the Field Reversed Experiment with Liner high density (>5×1022m−3) field reversed configuration (FRC) plasma. The analysis was based on a zero-dimensional power balance model [D. J. Rey and M. Tuszewski, Phys. Fluids 27, 1514 (1984)]. The key findings are as follows. First, the percentage of radiative losses relative to total loss is an order of magnitude lower than previous lower density FRC experiments. Second, Ohmic heating was found to correlate with the poloidal flux trapping at FRC formation, suggesting that poloidal flux dissipation is primarily responsible for plasma heating. Third, high density FRCs analyzed in this work reinforce the low-density adiabatic scaling, which shows that particle confinement time and flux confinement time are approximately equal.