Omega Flex, Inc. Working Capital

Working Capital of OFLX for past 10 years: annual, quarterly and twelve month trailing (TTM) including Working Capital growth rates and interactive chart. Working capital, also known as net working capital (NWC), is the difference between a company’s current assets, such as cash, accounts receivable (customers’ unpaid bills) and inventories of raw materials and finished goods, and its current liabilities, such as accounts payable. Net operating working capital is a measure of a company's liquidity and refers to the difference between operating current assets and operating current liabilities. In many cases these calculations are the same and are derived from company cash plus accounts receivable plus inventories, less accounts payable and less accrued expenses. Working capital is a measure of a company's liquidity, operational efficiency and its short-term financial health. If a company has substantial positive working capital, then it should have the potential to invest and grow. If a company's current assets do not exceed its current liabilities, then it may have trouble growing or paying back creditors, or even go bankrupt.

Highlights and Quick Summary

  • Working Capital for the quarter ending March 30, 2021 was $38.3 Million (a 7.9% increase compared to previous quarter)
  • Year-over-year quarterly Working Capital increased by 36.21%
  • Annual Working Capital for 2020 was $35.5 Million (a 37.35% increase from previous year)
  • Annual Working Capital for 2019 was $25.8 Million (a -53.21% decrease from previous year)
  • Annual Working Capital for 2018 was $55.2 Million (a 21.7% increase from previous year)
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Historical Working Capital of Omega Flex, Inc.

Most recent Working Capitalof OFLX including historical data for past 10 years.

Interactive Chart of Working Capital of Omega Flex, Inc.

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

(All values are in $ million)

Year Q1 Q2 Q3 Q4 Fiscal Year
2021 $38.29
2020 $35.49 $31.08 $28.11 $27.23 $35.49
2019 $25.84 $57.97 $57.41 $59.57 $25.84
2018 $55.22 $52.26 $49.37 $49.17 $55.22
2017 $45.37 $41.84 $39.1 $37.86 $45.37
2016 $36.94 $41.56 $37.19 $35.99 $36.94
2015 $33.14 $37.65 $33.47 $29.57 $33.14
2014 $26.75 $27.68 $23.45 $20.1 $26.75
2013 $17.63 $18.22 $15.08 $12.54 $17.63
2012 $10.92 $20.39 $18.43 $18.24 $10.92
2011 $14.22 $12.71 $12.43 $11.23 $14.22
2010 $10.36 $8.57 $7.48 $10.36

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.