Omega Flex, Inc. Net Debt

Net Debt of OFLX for past 10 years: annual, quarterly and twelve month trailing (TTM) including Net Debt growth rates and interactive chart. Net debt is the sum of all interest-bearing debt (short-term and long-term) minus cash and short-term investments. A positive number indicates the company's total debt exceeds its cash and short-term investments balances, while a negative number means the company has more cash than its total debt. This figure is also used in Enterprise value calculation.


Highlights and Quick Summary

  • Net Debt for the quarter ending March 30, 2021 was $-22.7 Million (a -1.99% decrease compared to previous quarter)
  • Year-over-year quarterly Net Debt increased by 20.06%
  • Annual Net Debt for 2020 was $-23.1 Million (a 51.09% increase from previous year)
  • Annual Net Debt for 2019 was $-15.3 Million (a -67.65% decrease from previous year)
  • Annual Net Debt for 2018 was $-47.3 Million (a 24.77% increase from previous year)
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Historical Net Debt of Omega Flex, Inc.

Most recent Net Debtof OFLX including historical data for past 10 years.

Interactive Chart of Net Debt of Omega Flex, Inc.

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

(All values are in $ million)

Year Q1 Q2 Q3 Q4 Fiscal Year
2021 $-22.67
2020 $-23.13 $-18.04 $-18.89 $-13.16 $-23.13
2019 $-15.31 $-47.33 $-46.03 $-43.03 $-15.31
2018 $-47.34 $-41.34 $-38.5 $-35.58 $-47.34
2017 $-37.94 $-31.61 $-28.57 $-23.99 $-37.94
2016 $-35.32 $-28.17 $-25.42 $-23.52 $-35.32
2015 $-30.15 $-24.2 $-20.43 $-16.53 $-30.15
2014 $-22.59 $-16.12 $-11.06 $-6.9 $-22.59
2013 $-8.26 $-7.03 $-2.5 $-0.66 $-8.26
2012 $-0.94 $-9.21 $-8.04 $-8.52 $-0.94
2011 $-3.48 $-1.36 $-1.8 $-1.19 $-3.48
2010 $-2.21 $3.19 $4.88 $-2.21

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.