Omega Flex, Inc. Accounts Payable

Accounts Payable of OFLX for past 10 years: annual, quarterly and twelve month trailing (TTM) including Accounts Payable growth rates and interactive chart. Accounts payable (AP) represents a company's obligation to pay off a short-term debt to its creditors or suppliers. Accounts payable are amounts due to vendors or suppliers for goods or services received that have not yet been paid for. The sum of all outstanding amounts owed to vendors is shown as the accounts payable balance on the company's balance sheet. The increase or decrease in total AP from the prior period appears on the cash flow statement.

Highlights and Quick Summary

  • Accounts Payable for the quarter ending March 30, 2021 was $-586 Thousand (a -121.08% decrease compared to previous quarter)
  • Year-over-year quarterly Accounts Payable decreased by -127.19%
  • Annual Accounts Payable for 2020 was $2.55 Million (a 28.66% increase from previous year)
  • Annual Accounts Payable for 2019 was $1.98 Million (a -33.49% decrease from previous year)
  • Annual Accounts Payable for 2018 was $2.98 Million (a 4.6% increase from previous year)
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Historical Accounts Payable of Omega Flex, Inc.

Most recent Accounts Payableof OFLX including historical data for past 10 years.

Interactive Chart of Accounts Payable of Omega Flex, Inc.

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

(All values are in $ million)

Year Q1 Q2 Q3 Q4 Fiscal Year
2021 $-0.59
2020 $2.78 $2.12 $2.16 $1.95 $2.55
2019 $2.38 $2.86 $1.73 $2.02 $1.98
2018 $2.78 $2.55 $1.45 $2.05 $2.98
2017 $2.6 $2.16 $2.11 $1.79 $2.85
2016 $2.31 $2.03 $1.99 $2.12 $2.2
2015 $2.49 $1.57 $1.29 $1.41 $2.49
2014 $2.35 $2.0 $1.42 $1.36 $2.35
2013 $1.79 $2.06 $1.64 $2.05 $1.79
2012 $2.74 $1.5 $1.22 $1.39 $2.74
2011 $1.02 $0.95 $1.07 $0.75 $1.02
2010 $0.86 $1.27 $1.22 $0.86

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.