Omega Flex (Omega Flex) Short-Term Debt & Capital Lease Obligation : $0.5 Mil (As of Dec. 2023)

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What is Omega Flex Short-Term Debt & Capital Lease Obligation?

Short-Term Debt & Capital Lease Obligation is the portion of a company's debt and capital lease obligation that need to be paid within the next 12 months. It equals Short-Term Debt plus Short-Term Capital Lease Obligation. This gives investors an idea of how much money the company needs to pay down for the principle of its debt. Omega Flex's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0.5 Mil.

Long-Term Debt & Capital Lease Obligation is the debt and capital lease obligation due more than 12 months in the future. Omega Flex's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $2.5 Mil.

Omega Flex Short-Term Debt & Capital Lease Obligation Historical Data

The historical data trend for Omega Flex's Short-Term Debt & Capital Lease Obligation can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Omega Flex Short-Term Debt & Capital Lease Obligation Chart

Omega Flex Annual Data

Trend

Dec14

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Dec17

Dec18

Dec19

Dec20

Dec21

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Dec23

Short-Term Debt & Capital Lease Obligation

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0.37

0.25

0.38

0.45

Omega Flex Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Short-Term Debt & Capital Lease Obligation	Get a 7-Day Free Trial															0.45	0.44	0.43	0.45	0.45

Omega Flex Short-Term Debt & Capital Lease Obligation Calculation

This is the portion of a company's debt and capital lease obligation that need to be paid within the next 12 months. It equals Short-Term Debt plus Short-Term Capital Lease Obligation. This gives investors an idea of how much money the company needs to pay down for the principle of its debt.

In the notes to balance sheet in annual (10-K) or quarterly (10-Q) reports, companies usually break down the details of the debt, their due dates, the interest rates etc.

Be Aware

Stay away from companies that roll over the debt e.g. Bear Stearns

When investing in financial institutions, Buffett shies from those who are bigger borrowers of short term than long term debt.

His favorite Wells Fargo has 57 cents short term debt for every dollar of long term

Aggressive banks (like Bank of America) has $2.09 short term for every dollar long term

Omega Flex Short-Term Debt & Capital Lease Obligation Related Terms

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Omega Flex (Omega Flex) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Omega Flex Inc (NAS:OFLX) » Definitions » Short-Term Debt & Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

451 Creamery Way, Exton, PA, USA, 19341-2509

Website

https://www.omegaflexcorp.com

Omega Flex Inc is a manufacturer of flexible metal hoses. It operates in the segment of manufacture and sale of flexible metal hose and accessories which are used for gas piping within residential and commercial buildings. Omega sells its products under the TracPipe, CounterStrike, DoubleTrac, AutoFlare, DEF-Trac, SolarTrac, and AutoSnap brands. It serves various markets which include construction, manufacturing, transportation, petrochemical, pharmaceutical, and other industries. Geographically Omega Flex, Inc operates in the United States.

Executives

Susan B. Asch	officer: General Counsel & Secretary	451 CREAMERY WAY, EXTON PA 19341
Matthew Francis Unger	officer: Vice President - CFO	C/O OMEGA FLEX, INC., 451 CREAMERY WAY, EXTON PA 19341
Dean W. Rivest	officer: President	451 CREAMERY WAY, EXTON PA 19341
Edwin B. Moran	officer: Executive Vice President	451 CREAMERY WAY, EXTON PA 19341
Timothy P. Scanlan	officer: Secretary	213 COURT STREET, MIDDLETOWN CT 06457
Mark F Albino	director, officer: COO & Exec VP	451 CREAMERY WAY, EXTON PA 19341
Stewart B Reed	director	260 NORTH ELM STREET, WESTFIELD MA 01085
Kevin R Hoben	director, 10 percent owner, officer: President	451 CREAMERY WAY, EXTON PA 19341
Derek Glanvill	director	10088 CARTERS MANOR DRIVE, LADUE MO 63124
Omega Flex, Inc.	officer: Sr. Vice President	451 CREAMERY WAY, EXTON PA 19341
James M Dubin	director	ONE MADISON PLACE, HARRISON NY 10528
Paul James Kane	officer: VP - Finance	1085 NICOLE DRIVE, NEWTOWN SQUARE PA 19073
Steven A Treichel	director	451 CREAMERY WAY, EXTON PA 19341
Reed Estate Of John E	10 percent owner	260 NORTH ELM STREET, WESTFIELD MA 01085
David K Evans	director	517 PYLON DRIVE, RALEIGH NC 27606