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Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Omega Flex's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $78.7 Mil. Omega Flex's Total Assets for the quarter that ended in Dec. 2023 was $100.2 Mil. Therefore, Omega Flex's Equity to Asset Ratio for the quarter that ended in Dec. 2023 was 0.79.
The historical rank and industry rank for Omega Flex's Equity-to-Asset or its related term are showing as below:
During the past 13 years, the highest Equity to Asset Ratio of Omega Flex was 0.79. The lowest was 0.61. And the median was 0.66.
The historical data trend for Omega Flex's Equity-to-Asset 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.
Omega Flex Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Equity-to-Asset | Get a 7-Day Free Trial | 0.61 | 0.64 | 0.68 | 0.73 | 0.79 |
Omega Flex Quarterly Data | ||||||||||||||||||||
Mar19 | Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | |
Equity-to-Asset | Get a 7-Day Free Trial | 0.73 | 0.78 | 0.79 | 0.81 | 0.79 |
For the Specialty Industrial Machinery subindustry, Omega Flex's Equity-to-Asset, along with its competitors' market caps and Equity-to-Asset data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
For the Industrial Products industry and Industrials sector, Omega Flex's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where Omega Flex's Equity-to-Asset falls into.
Equity to Asset ratio measures the ratios of the portion of the asset owned by shareholders out of the total asset. It indicates the leverage of the company, and the amount of debt the company uses in its operation.
Equity to Asset ratio is calculated by dividing total stockholders equity by total asset.
Omega Flex's Equity to Asset Ratio for the fiscal year that ended in Dec. 2023 is calculated as
Equity to Asset (A: Dec. 2023 ) | = | Total Stockholders Equity | / | Total Assets |
= | 78.689 | / | 100.234 | |
= | 0.79 |
Omega Flex's Equity to Asset Ratio for the quarter that ended in Dec. 2023 is calculated as
Equity to Asset (Q: Dec. 2023 ) | = | Total Stockholders Equity | / | Total Assets |
= | 78.689 | / | 100.234 | |
= | 0.79 |
* 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.
Omega Flex (NAS:OFLX) Equity-to-Asset Explanation
Equity to Asset ratio can vary greatly across different industries, as they have different capital structure. A company with smaller Equity to Asset ratio (more leveraged) may have higher ROE % because of the leverage.
For banks, the required minimum Equity to Asset ratio by regulation is 5%. Some stronger banks may have Equity to Asset Ratio of more than 10%.
Thank you for viewing the detailed overview of Omega Flex's Equity-to-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
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 |
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