Omega Current Ratio from 2010 to 2024

OFLX Stock  USD 61.16  0.72  1.19%   
Omega Flex Current Ratio yearly trend continues to be fairly stable with very little volatility. Current Ratio is likely to outpace its year average in 2024. Current Ratio is a liquidity ratio that measures a company's ability to pay short-term obligations or those due within one year. It compares a firm's current assets to its current liabilities. View All Fundamentals
 
Current Ratio  
First Reported
2010-12-31
Previous Quarter
4.43468643
Current Value
4.66
Quarterly Volatility
0.82612316
 
Credit Downgrade
 
Yuan Drop
 
Covid
Check Omega Flex financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Omega Flex's main balance sheet or income statement drivers, such as Interest Expense of 103.2 K, Total Revenue of 85.2 M or Gross Profit of 51.2 M, as well as many indicators such as Price To Sales Ratio of 3.84, Dividend Yield of 0.034 or PTB Ratio of 8.52. Omega financial statements analysis is a perfect complement when working with Omega Flex Valuation or Volatility modules.
  
Check out the analysis of Omega Flex Correlation against competitors.
For more information on how to buy Omega Stock please use our How to Invest in Omega Flex guide.

Latest Omega Flex's Current Ratio Growth Pattern

Below is the plot of the Current Ratio of Omega Flex over the last few years. It is a liquidity ratio that measures a company's ability to pay short-term obligations or those due within one year. It compares a firm's current assets to its current liabilities. Omega Flex's Current Ratio historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Omega Flex's overall financial position and show how it may be relating to other accounts over time.
ViewLast Reported 3.66 X10 Years Trend
Slightly volatile
   Current Ratio   
       Timeline  

Omega Current Ratio Regression Statistics

Arithmetic Mean3.02
Geometric Mean2.93
Coefficient Of Variation27.32
Mean Deviation0.68
Median2.62
Standard Deviation0.83
Sample Variance0.68
Range2.7126
R-Value0.68
Mean Square Error0.39
R-Squared0.47
Significance0
Slope0.13
Total Sum of Squares9.55

Omega Current Ratio History

2024 4.66
2023 4.43
2022 3.38
2021 3.15
2019 2.26
2018 4.0
2017 3.51

About Omega Flex Financial Statements

There are typically three primary documents that fall into the category of financial statements. These documents include Omega Flex income statement, its balance sheet, and the statement of cash flows. Omega Flex investors use historical funamental indicators, such as Omega Flex's Current Ratio, to determine how well the company is positioned to perform in the future. Although Omega Flex investors may use each financial statement separately, they are all related. The changes in Omega Flex's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Omega Flex's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet, but not equivalent to net income shown on the income statement. We offer a historical overview of the basic patterns found on Omega Flex Financial Statements. Understanding these patterns can help to make the right decision on long term investment in Omega Flex. Please read more on our technical analysis and fundamental analysis pages.
Last ReportedProjected for Next Year
Current Ratio 4.43  4.66 

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Additional Tools for Omega Stock Analysis

When running Omega Flex's price analysis, check to measure Omega Flex's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Omega Flex is operating at the current time. Most of Omega Flex's value examination focuses on studying past and present price action to predict the probability of Omega Flex's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Omega Flex's price. Additionally, you may evaluate how the addition of Omega Flex to your portfolios can decrease your overall portfolio volatility.