Omni Historical Balance Sheet

OML Stock

CAD 1.05 0.02 1.94%

Trend analysis of Omni Lite Industries Canada balance sheet accounts such as Total Stockholder Equity of 12.4 M provides information on Omni Lite's total assets, liabilities, and equity, which is the actual value of Omni Lite Industries to its prevalent stockholders. By breaking down trends over time using Omni Lite balance sheet statements, investors will see what precisely the company owns and what it owes to creditors or other parties at the end of each accounting year.

Cash Flow Balance Sheet Income Statement

Covid

Financial Statement Analysis is much more than just reviewing and examining Omni Lite Industries latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether Omni Lite Industries is a good buy for the upcoming year.

Omni Lite Inventory

3.45 Million

Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Omni Lite Industries Canada. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors.

About Omni Balance Sheet Analysis

Balance Sheet is a snapshot of the financial position of Omni Lite Industries at a specified time, usually calculated after every quarter, six months, or one year. Omni Lite Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Omni Lite and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which Omni currently owns. An asset can also be divided into two categories, current and non-current.

Omni Lite Balance Sheet Chart

Omni Lite Balance Sheet is one of the main financial statements that report all assets, liabilities, and shareholders' equity for the current year. It provides a basis for different types of computing rates of return, such as return on equity (ROE) or return on asset (ROA), as well as shows how Omni Lite Industries uses and utilizes its capital. It also shows what exactly a company owns and owes.

At this time, Omni Lite's Net Tangible Assets are fairly stable compared to the past year. Cash is likely to climb to about 1.3 M in 2024, whereas Other Current Liabilities is likely to drop 2,622 in 2024.

Total Assets Total Current Liabilities Total Stockholder Equity Other Liab

Total Assets

Total assets refers to the total amount of Omni Lite assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in Omni Lite Industries books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.

Total Current Liabilities

Total Current Liabilities is an item on Omni Lite balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Omni Lite Industries Canada are important to investors because some useful performance ratios such as Current Ratio and Quick Ratio require Total Current Liabilities to be accurate. The total amount of liabilities that a company is expected to pay within one year, including debts, accounts payable, and other short-term financial obligations.

Total Stockholder Equity

The total equity held by shareholders, calculated as the difference between a company's total assets and total liabilities. It represents the net value of the company owned by shareholders.

Most accounts from Omni Lite's balance sheet are interrelated and interconnected. However, analyzing balance sheet accounts one by one will only give a small insight into Omni Lite Industries current financial condition. On the other hand, looking into the entire matrix of balance sheet accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Omni Lite Industries Canada. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors.

	2021	2022	2023	2024 (projected)
Total Stockholder Equity	14.2M	12.4M	13.5M	12.4M
Total Current Liabilities	2.6M	1.7M	2.0M	1.3M

Total Stockholder Equity Total Current Liabilities

Omni Lite balance sheet Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Other Liab	Net Tangible Assets	Retained Earnings	Accounts Payable	Cash	Other Assets	Net Receivables	Inventory	Other Stockholder Equity	Total Liab	Long Term Investments	Short Long Term Debt	Total Current Assets	Short Term Debt	Common Stock	Property Plant Equipment	Other Current Assets	Deferred Long Term Liab	Non Current Assets Total	Non Currrent Assets Other	Non Current Liabilities Total	Common Stock Shares Outstanding
Total Assets		-0.21	-0.3	0.73	0.53	0.56	0.52	-0.01	0.44	0.45	0.1	-0.3	0.21	0.32	-0.27	-0.58	0.08	0.42	0.16	0.84	-0.11	0.59	0.87	0.1	0.5	-0.17
Other Current Liab	-0.21		-0.09	-0.13	0.1	-0.08	0.02	-0.14	-0.36	0.01	0.0	0.16	-0.44	-0.14	-0.29	-0.03	-0.09	-0.23	-0.21	-0.16	0.17	-0.12	-0.16	-0.09	-0.09	-0.15
Total Current Liabilities	-0.3	-0.09		-0.78	-0.86	-0.87	-0.82	0.82	0.33	-0.86	0.69	0.81	-0.42	0.65	0.39	0.54	0.87	-0.31	0.7	-0.69	0.4	-0.68	-0.71	-0.24	0.36	0.74
Total Stockholder Equity	0.73	-0.13	-0.78		0.9	0.96	0.94	-0.65	0.16	0.86	-0.56	-0.8	0.6	-0.4	-0.49	-0.76	-0.58	0.52	-0.49	0.93	-0.25	0.83	0.96	0.27	-0.17	-0.74
Other Liab	0.53	0.1	-0.86	0.9		0.94	0.93	-0.79	0.04	0.95	-0.72	-0.82	0.56	-0.56	-0.63	-0.79	-0.72	0.62	-0.64	0.78	-0.26	0.88	0.84	0.09	-0.33	-0.86
Net Tangible Assets	0.56	-0.08	-0.87	0.96	0.94		0.96	-0.81	0.09	0.89	-0.71	-0.91	0.65	-0.57	-0.52	-0.76	-0.73	0.55	-0.67	0.88	-0.3	0.85	0.88	0.26	-0.33	-0.85
Retained Earnings	0.52	0.02	-0.82	0.94	0.93	0.96		-0.78	-0.01	0.9	-0.73	-0.86	0.63	-0.63	-0.65	-0.69	-0.75	0.45	-0.73	0.81	-0.23	0.79	0.84	0.31	-0.42	-0.9
Accounts Payable	-0.01	-0.14	0.82	-0.65	-0.79	-0.81	-0.78		0.19	-0.73	0.9	0.83	-0.68	0.88	0.45	0.57	0.9	-0.37	0.86	-0.49	0.33	-0.68	-0.46	-0.15	0.72	0.88
Cash	0.44	-0.36	0.33	0.16	0.04	0.09	-0.01	0.19		-0.04	0.1	-0.07	0.28	0.39	-0.03	-0.48	0.47	0.57	0.32	0.21	0.27	0.32	0.21	-0.24	0.31	0.01
Other Assets	0.45	0.01	-0.86	0.86	0.95	0.89	0.9	-0.73	-0.04		-0.75	-0.84	0.5	-0.61	-0.63	-0.75	-0.77	0.55	-0.64	0.68	-0.15	0.8	0.79	0.09	-0.39	-0.83
Net Receivables	0.1	0.0	0.69	-0.56	-0.72	-0.71	-0.73	0.9	0.1	-0.75		0.79	-0.75	0.92	0.46	0.5	0.87	-0.4	0.87	-0.3	0.12	-0.57	-0.34	-0.19	0.84	0.88
Inventory	-0.3	0.16	0.81	-0.8	-0.82	-0.91	-0.86	0.83	-0.07	-0.84	0.79		-0.66	0.69	0.6	0.7	0.81	-0.53	0.76	-0.69	0.17	-0.77	-0.69	-0.22	0.51	0.88
Other Stockholder Equity	0.21	-0.44	-0.42	0.6	0.56	0.65	0.63	-0.68	0.28	0.5	-0.75	-0.66		-0.57	-0.26	-0.48	-0.52	0.44	-0.53	0.46	-0.17	0.61	0.44	0.27	-0.54	-0.64
Total Liab	0.32	-0.14	0.65	-0.4	-0.56	-0.57	-0.63	0.88	0.39	-0.61	0.92	0.69	-0.57		0.42	0.29	0.92	-0.15	0.9	-0.14	0.14	-0.36	-0.16	-0.23	0.94	0.8
Long Term Investments	-0.27	-0.29	0.39	-0.49	-0.63	-0.52	-0.65	0.45	-0.03	-0.63	0.46	0.6	-0.26	0.42		0.52	0.48	-0.35	0.57	-0.38	-0.17	-0.53	-0.43	-0.03	0.36	0.73
Short Long Term Debt	-0.58	-0.03	0.54	-0.76	-0.79	-0.76	-0.69	0.57	-0.48	-0.75	0.5	0.7	-0.48	0.29	0.52		0.37	-0.7	0.29	-0.67	-0.08	-0.84	-0.73	0.19	0.14	0.64
Total Current Assets	0.08	-0.09	0.87	-0.58	-0.72	-0.73	-0.75	0.9	0.47	-0.77	0.87	0.81	-0.52	0.92	0.48	0.37		-0.2	0.89	-0.39	0.26	-0.5	-0.41	-0.29	0.75	0.83
Short Term Debt	0.42	-0.23	-0.31	0.52	0.62	0.55	0.45	-0.37	0.57	0.55	-0.4	-0.53	0.44	-0.15	-0.35	-0.7	-0.2		-0.17	0.48	0.01	0.69	0.52	-0.15	-0.1	-0.47
Common Stock	0.16	-0.21	0.7	-0.49	-0.64	-0.67	-0.73	0.86	0.32	-0.64	0.87	0.76	-0.53	0.9	0.57	0.29	0.89	-0.17		-0.31	0.25	-0.46	-0.28	-0.32	0.8	0.91
Property Plant Equipment	0.84	-0.16	-0.69	0.93	0.78	0.88	0.81	-0.49	0.21	0.68	-0.3	-0.69	0.46	-0.14	-0.38	-0.67	-0.39	0.48	-0.31		-0.33	0.77	0.97	0.29	0.12	-0.55
Other Current Assets	-0.11	0.17	0.4	-0.25	-0.26	-0.3	-0.23	0.33	0.27	-0.15	0.12	0.17	-0.17	0.14	-0.17	-0.08	0.26	0.01	0.25	-0.33		-0.41	-0.25	0.17	-0.01	0.17
Deferred Long Term Liab	0.59	-0.12	-0.68	0.83	0.88	0.85	0.79	-0.68	0.32	0.8	-0.57	-0.77	0.61	-0.36	-0.53	-0.84	-0.5	0.69	-0.46	0.77	-0.41		0.8	-0.21	-0.17	-0.73
Non Current Assets Total	0.87	-0.16	-0.71	0.96	0.84	0.88	0.84	-0.46	0.21	0.79	-0.34	-0.69	0.44	-0.16	-0.43	-0.73	-0.41	0.52	-0.28	0.97	-0.25	0.8		0.22	0.1	-0.56
Non Currrent Assets Other	0.1	-0.09	-0.24	0.27	0.09	0.26	0.31	-0.15	-0.24	0.09	-0.19	-0.22	0.27	-0.23	-0.03	0.19	-0.29	-0.15	-0.32	0.29	0.17	-0.21	0.22		-0.18	-0.19
Non Current Liabilities Total	0.5	-0.09	0.36	-0.17	-0.33	-0.33	-0.42	0.72	0.31	-0.39	0.84	0.51	-0.54	0.94	0.36	0.14	0.75	-0.1	0.8	0.12	-0.01	-0.17	0.1	-0.18		0.67
Common Stock Shares Outstanding	-0.17	-0.15	0.74	-0.74	-0.86	-0.85	-0.9	0.88	0.01	-0.83	0.88	0.88	-0.64	0.8	0.73	0.64	0.83	-0.47	0.91	-0.55	0.17	-0.73	-0.56	-0.19	0.67

Click cells to compare fundamentals

Omni Lite Account Relationship Matchups

Omni Lite balance sheet Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	17.1M	14.9M	23.2M	20.1M	21.2M	16.2M
Other Current Liab	6.6K	8.3K	280.2K	2.4K	2.8K	2.6K
Total Current Liabilities	1.3M	2.2M	2.6M	1.7M	2.0M	1.3M
Total Stockholder Equity	12.7M	12.4M	14.2M	12.4M	13.5M	12.4M
Other Liab	1.8M	2.0M	213.3K	58.7K	52.8K	50.2K
Net Tangible Assets	13.8M	12.0M	11.8M	11.3M	10.2M	12.4M
Retained Earnings	2.8M	2.2M	1.7M	(810.4K)	(720.2K)	(684.2K)
Accounts Payable	791.8K	576.6K	1.9M	1.3M	1.6M	928.3K
Cash	693.2K	1.5M	2.4M	1.3M	1.1M	1.3M
Other Assets	2.8M	1.4M	59.5K	57.9K	52.1K	49.5K
Net Receivables	1.4M	976.9K	2.4M	2.3M	2.2M	1.6M
Inventory	3.9M	3.3M	4.0M	3.4M	4.7M	3.5M
Other Stockholder Equity	(195.9K)	(231.3K)	55.7K	(209.9K)	(188.9K)	(179.5K)
Total Liab	4.4M	2.4M	9.0M	7.6M	7.7M	5.2M
Long Term Investments	184.7K	471.7K	426.3K	487.7K	1.3M	1.4M
Total Current Assets	6.0M	6.0M	9.3M	7.3M	8.2M	6.6M
Property Plant Equipment	9.0M	8.8M	7.8M	11.1M	10.0M	9.4M
Non Current Assets Total	11.0M	8.9M	13.8M	12.8M	13.0M	10.6M
Non Current Liabilities Total	3.1M	213.3K	6.4M	6.0M	5.7M	4.0M
Net Invested Capital	13.7M	14.0M	14.2M	12.4M	13.5M	11.5M
Net Working Capital	4.7M	3.8M	6.7M	5.6M	6.2M	5.4M
Intangible Assets	264K	195.6K	385.6K	250.6K	155.4K	212.0K

Pair Trading with Omni Lite

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Omni Lite position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Omni Lite will appreciate offsetting losses from the drop in the long position's value.

Moving together with Omni Stock

0.88

GOOG

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Pair Corr

Moving against Omni Stock

0.59	META	Meta Platforms CDR Earnings Call This Week	Pair Corr
0.48	VISA	Visa Inc CDR	Pair Corr

The ability to find closely correlated positions to Omni Lite could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Omni Lite when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Omni Lite - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Omni Lite Industries Canada to buy it.

The correlation of Omni Lite is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Omni Lite moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Omni Lite Industries moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Correlation analysis and pair trading evaluation for Omni Lite can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.

Pair Correlation Correlation Matching

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Complementary Tools for Omni Stock analysis

When running Omni Lite's price analysis, check to measure Omni Lite'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 Omni Lite is operating at the current time. Most of Omni Lite's value examination focuses on studying past and present price action to predict the probability of Omni Lite's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Omni Lite's price. Additionally, you may evaluate how the addition of Omni Lite to your portfolios can decrease your overall portfolio volatility.

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Please note, there is a significant difference between Omni Lite's value and its price as these two are different measures arrived at by different means. Investors typically determine if Omni Lite is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Omni Lite's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

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Omni Historical Balance Sheet

Omni Lite Inventory

3.45 Million

About Omni Balance Sheet Analysis

Omni Lite Balance Sheet Chart

Total Assets

Total Current Liabilities

Total Stockholder Equity

Omni Lite balance sheet Correlations

Omni Lite Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Omni Lite balance sheet Accounts

Pair Trading with Omni Lite

Moving together with Omni Stock

Moving against Omni Stock

Complementary Tools for Omni Stock analysis

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Non Current Assets Total	+ 0.97	Property Plant Equipment
Net Tangible Assets	+ 0.96	Total Stockholder Equity
Non Current Assets Total	+ 0.96	Total Stockholder Equity
Retained Earnings	+ 0.96	Net Tangible Assets
Other Assets	+ 0.95	Other Liab
Retained Earnings	+ 0.94	Total Stockholder Equity

Inventory	- 0.91	Net Tangible Assets
Common Stock Shares Outstanding	- 0.9	Retained Earnings
Net Tangible Assets	- 0.87	Total Current Liabilities
Inventory	- 0.86	Retained Earnings
Common Stock Shares Outstanding	- 0.86	Other Liab
Other Assets	- 0.86	Total Current Liabilities