Omega Flex, Inc.

Omega Flex, Inc.verified

OFLX

Price:

$51.28

Market Cap:

$517.64M

Omega Flex, Inc., together with its subsidiaries, manufactures and sells flexible metal hoses and accessories in North America 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 p...[Read more]

Industry

Industrial - Machinery

IPO Date

2005-08-01

Stock Exchange

NASDAQ

Ticker

OFLX

The Current Ratio as of September 2024 (TTM) for Omega Flex, Inc. (OFLX) is 5.69

According to Omega Flex, Inc.’s latest financial reports and current stock price. The company's current Current Ratio is 5.69. This represents a change of 11.28% compared to the average of 5.12 of the last 4 quarters.

Omega Flex, Inc. (OFLX) Historical Current Ratio (quarterly & annually)

How has OFLX Current Ratio performed in the past?

The mean historical Current Ratio of Omega Flex, Inc. over the last ten years is 3.08. The current 5.69 Current Ratio has changed 18.39% with respect to the historical average. Over the past ten years (40 quarters), OFLX's Current Ratio was at its highest in in the March 2019 quarter at 6.21. The Current Ratio was at its lowest in in the December 2019 quarter at 2.26.

Quarterly (TTM)
Annual

Average

3.08

Median

2.89

Minimum

2.26

Maximum

4.43

Omega Flex, Inc. (OFLX) Current Ratio by Quarter and Year

Discovering the peaks and valleys of Omega Flex, Inc. Current Ratio, unveiling quarterly and yearly fluctuations to gain insights into the company’s financial performance and market dynamics, offering valuable data for investors and analysts alike.

Maximum Annual Increase = 33.58%

Maximum Annual Current Ratio = 4.43

Minimum Annual Increase = -43.47%

Minimum Annual Current Ratio = 2.26

Quarterly (TTM)
Annual
YearCurrent RatioChange
20234.4331.05%
20223.387.53%
20213.1520.01%
20202.6215.97%
20192.26-43.47%
20184.0014.09%
20173.5133.58%
20162.629.05%
20152.410.03%
20142.410.06%

Omega Flex, Inc. (OFLX) Average Current Ratio

How has OFLX Current Ratio performed in the past?

The current Current Ratio of Omega Flex, Inc. (OFLX) is greater than its 3-year, greater than its 5-year, and greater than its 10-year historical averages

3-year avg

3.66

5-year avg

3.17

10-year avg

3.08

Omega Flex, Inc. (OFLX) Current Ratio vs. Peers

How is OFLX’s Current Ratio compared to its peers?

Omega Flex, Inc.’s Current Ratio is greater than Helios Technologies, Inc. (2.92), greater than EnPro Industries, Inc. (2.72), greater than Luxfer Holdings PLC (2.39), greater than Hurco Companies, Inc. (4.55), greater than Enerpac Tool Group Corp. (2.85), greater than The Gorman-Rupp Company (2.45), greater than Graham Corporation (1.07), greater than Kadant Inc. (2.25), greater than Tennant Company (2.17), greater than Franklin Electric Co., Inc. (2.65), greater than CIRCOR International, Inc. (2.29), greater than John Bean Technologies Corporation (2.54), greater than Donaldson Company, Inc. (1.84),

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