Omega Flex, Inc. Current Ratio

Current Ratio of OFLX for past 10 years: annual, quarterly and twelve month trailing (TTM) including Current Ratio growth rates and interactive chart. The current ratio is a liquidity ratio that measures whether a firm has enough resources to meet its short-term obligations. It is calculated as current assets divided by current liabilities. A ratio below 1 indicates potential trouble for a company, as it doesn't have enough current assets to pay for its short-term liabilities. A ratio above 2 is usually considered healthy.


Highlights and Quick Summary

  • Current Ratio for the quarter ending December 30, 2020 was 2.62 (a -3.51% decrease compared to previous quarter)
  • Year-over-year quarterly Current Ratio decreased by -7.46%
  • Annual Current Ratio for 2020 was 2.62 (a 15.97% increase from previous year)
  • Annual Current Ratio for 2019 was 2.26 (a -43.47% decrease from previous year)
  • Annual Current Ratio for 2018 was 4.0 (a 14.09% increase from previous year)
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Historical Current Ratio of Omega Flex, Inc.

Most recent Current Ratioof OFLX including historical data for past 10 years.

Interactive Chart of Current Ratio of Omega Flex, Inc.

Omega Flex, Inc. Current Ratio for the past 10 Years (both Annual and Quarterly)

Year Q1 Q2 Q3 Q4 Fiscal Year
2020 2.62 2.72 2.6 2.83 2.62
2019 2.26 3.9 4.52 6.21 2.26
2018 4.0 4.15 4.55 5.39 4.0
2017 3.51 3.54 3.7 4.09 3.51
2016 2.62 4.52 4.31 4.68 2.62
2015 2.41 4.0 4.12 4.13 2.41
2014 2.41 3.33 3.8 3.95 2.41
2013 2.41 2.65 2.81 2.57 2.41
2012 1.95 3.35 3.56 3.3 1.95
2011 3.11 3.11 3.42 3.29 3.11
2010 2.55 1.8 1.68 2.55

Business Profile of Omega Flex, Inc.

Sector: Industrials
Industry: Specialty Industrial Machinery
Omega Flex, Inc., together with its subsidiaries, manufactures and sells flexible metal hoses and accessories in the United States and internationally. It offers flexible gas piping for use in residential and commercial buildings, as well as its fittings; and corrugated medical tubing for use in hospitals, ambulatory care centers, dental, physician and veterinary clinics, laboratories, and other facilities. The company sells its products under the TracPipe, CounterStrike, AutoSnap, AutoFlare, DoubleTrac, DEF-Trac, and MediTrac brand names. It serves various markets, including construction, manufacturing, transportation, petrochemical, pharmaceutical, and other industries. The company sells its products through independent sales representatives, distributors, original equipment manufacturers, and direct sales, as well as through its website. The company was formerly known as Tofle America, Inc. and changed its name to Omega Flex, Inc. in 1996. Omega Flex, Inc. was incorporated in 1975 and is based in Exton, Pennsylvania.