Quick Ratio Analysis of Omega Flex Inc - Deep Dive
Birds's Eye
Fundamentals
Fundamentals
Technicals
MovingAverage
Candlestick
PivotPointLatest FY Quick Ratio
Period Ending - Dec-23
Very Good Quick Ratio
3.57
Period Ending - Dec-22
Good Quick Ratio
2.59
Growth
37.89 %
Most recent Quarter Quick Ratio
Period Ending - Mar-24
Very Good Quick Ratio
4.29
Quick Ratio Analysis of Omega Flex Inc
| Quick Ratio of Omega Flex Inc with value of 3.57 indicates company has liquid assets to pay its obligations. |
| Quick Ratio of Omega Flex Inc with value of 4.29 indicates company has liquid assets to pay its obligations in latest Quarter ending on Mar-24. |
| Quick Ratio of OFLX rose handsomely by 37.89 % this year. |
| Quick Ratio of OFLX trending up for at least three Years. |
| Quick Ratio with value of 1.72 was lowest in Year Dec-19 in last Five Years. |
| Latest Quick Ratio with value of 3.57 is Greater than Average Quick Ratio of 2.49 in last five years. |
Other Quick Ratio Related Info of OFLX that may interest you.
Omega Flex Inc Overview
| Code | Price | Previous Price | Price Change | Sector |
|---|---|---|---|---|
| OFLX | 59.21 | 59.78 | 0.953 % | Specialty Industrial Machinery |
Defination of Quick Ratio
Quick assets are those assets that can be converted quickly into cash. It indicates whether the company can pay its current short-term obligations or not using its quick assets. This metric is an improved version of the current ratio. more ..
Quick Ratio Related Ratios
| CurrentRatio | ShortTermDebtToEquityRatio |
Tsr Stability Index
| Excellent Stability | |
FY - Historical Quick Ratio of Omega Flex Inc
| Period | Dec-23 | Dec-22 | Dec-21 | Dec-20 | Dec-19 | Dec-18 | Dec-17 |
|---|---|---|---|---|---|---|---|
| Quick Ratio | 3.57 | 2.59 | 2.46 | 2.10 | 1.72 | 3.57 | 3.06 |
| Change | 37.89 % | 5.12 % | 17.56 % | 21.84 % | -51.76 % | 16.41 % | 33.18 % |
FY Chart of Quick Ratio of Omega Flex Inc
Note : All Data Generated at the End of Trading Hours (EOD Data)