Omega Operating Income vs Interest Expense Analysis

OFLX Stock

USD 50.46 1.72 3.53%

Omega Flex financial indicator trend analysis is much more than just breaking down Omega Flex prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Omega Flex is a good investment. Please check the relationship between Omega Flex Operating Income and its Interest Expense accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Omega Flex. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis.

For more information on how to buy Omega Stock please use our How to Invest in Omega Flex guide.

Operating Income vs Interest Expense

Operating Income vs Interest Expense Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Omega Flex Operating Income account and Interest Expense. At this time, the significance of the direction appears to have almost no relationship.

The correlation between Omega Flex's Operating Income and Interest Expense is 0.12. Overlapping area represents the amount of variation of Operating Income that can explain the historical movement of Interest Expense in the same time period over historical financial statements of Omega Flex, assuming nothing else is changed. The correlation between historical values of Omega Flex's Operating Income and Interest Expense is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Operating Income of Omega Flex are associated (or correlated) with its Interest Expense. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Interest Expense has no effect on the direction of Operating Income i.e., Omega Flex's Operating Income and Interest Expense go up and down completely randomly.

Correlation Coefficient

0.12

Relationship Direction	Positive
Relationship Strength	Insignificant

View All Relationships

Operating Income

Operating Income is the amount of profit realized from Omega Flex operations after accounting for operating expenses such as cost of goods sold (COGS), wages and depreciation. Operating income takes the gross income and subtracts other operating expenses and then removes depreciation. Operating Income of Omega Flex is typically a synonym for earnings before interest and taxes (EBIT) and is also commonly referred to as operating profit or recurring profit. Earnings before interest and taxes (EBIT), representing the amount of profit a company generates from its operations.

Interest Expense

The cost incurred by an entity for borrowed funds, including loans, bonds, or lines of credit.

Most indicators from Omega Flex's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Omega Flex current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, 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 Omega Flex. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis.

For more information on how to buy Omega Stock please use our How to Invest in Omega Flex guide.Enterprise Value is likely to rise to about 857.6 M in 2024, whereas Selling General Administrative is likely to drop slightly above 17 M in 2024.

	2021	2022	2023	2024 (projected)
Gross Profit	81.5M	78.3M	64.9M	51.2M
Total Revenue	130.0M	125.5M	111.5M	85.2M

Gross Profit Total Revenue

Omega Flex fundamental ratios Correlations

	Total Assets	Total Stockholder Equity	Other Assets	Common Stock Shares Outstanding	Other Stockholder Equity	Total Liab	Other Current Liab	Total Current Liabilities	Other Liab	Retained Earnings	Accounts Payable	Cash	Good Will	Inventory	Other Current Assets	Intangible Assets	Common Stock	Property Plant Equipment	Short Long Term Debt Total	Property Plant And Equipment Net	Current Deferred Revenue	Net Debt	Non Current Assets Total	Cash And Short Term Investments	Net Receivables	Common Stock Total Equity
Total Assets		0.98	-0.38	-0.18	-0.48	0.83	0.72	0.78	0.64	0.83	0.6	0.84	-0.14	0.79	0.9	-0.14	0.55	0.67	0.3	0.74	0.14	-0.87	0.8	0.86	0.17	0.54
Total Stockholder Equity	0.98		-0.31	-0.21	-0.41	0.7	0.64	0.65	0.55	0.85	0.5	0.82	-0.18	0.77	0.85	-0.18	0.49	0.71	0.37	0.77	0.02	-0.83	0.83	0.85	0.17	0.49
Other Assets	-0.38	-0.31		0.31	0.97	-0.52	-0.23	-0.39	-0.45	-0.26	-0.48	-0.4	0.23	-0.25	-0.56	0.23	-0.95	-0.08	0.48	-0.12	-0.15	0.46	-0.17	-0.41	0.66	-0.95
Common Stock Shares Outstanding	-0.18	-0.21	0.31		0.36	-0.07	-0.04	-0.06	-0.01	-0.63	0.04	-0.57	1.0	-0.23	-0.16	1.0	-0.37	-0.24	-0.34	-0.24	0.49	0.49	-0.29	-0.52	0.12	-0.4
Other Stockholder Equity	-0.48	-0.41	0.97	0.36		-0.56	-0.3	-0.43	-0.42	-0.38	-0.46	-0.51	0.28	-0.35	-0.65	0.28	-0.99	-0.12	0.39	-0.18	-0.02	0.56	-0.31	-0.5	0.67	-0.99
Total Liab	0.83	0.7	-0.52	-0.07	-0.56		0.77	0.98	0.74	0.58	0.76	0.72	-0.01	0.67	0.81	-0.01	0.58	0.42	0.06	0.52	0.42	-0.76	0.55	0.69	0.15	0.57
Other Current Liab	0.72	0.64	-0.23	-0.04	-0.3	0.77		0.81	0.45	0.56	0.49	0.73	-0.02	0.41	0.51	-0.02	0.3	0.12	0.17	0.23	0.38	-0.76	0.32	0.71	0.24	0.3
Total Current Liabilities	0.78	0.65	-0.39	-0.06	-0.43	0.98	0.81		0.69	0.55	0.72	0.72	-0.02	0.58	0.71	-0.02	0.44	0.35	0.08	0.43	0.46	-0.75	0.46	0.69	0.26	0.44
Other Liab	0.64	0.55	-0.45	-0.01	-0.42	0.74	0.45	0.69		0.44	0.66	0.53	0.03	0.41	0.6	0.03	0.43	0.57	-0.16	0.5	0.57	-0.57	0.4	0.54	0.21	0.43
Retained Earnings	0.83	0.85	-0.26	-0.63	-0.38	0.58	0.56	0.55	0.44		0.38	0.93	-0.62	0.68	0.65	-0.62	0.42	0.67	0.52	0.7	-0.19	-0.89	0.76	0.93	0.21	0.44
Accounts Payable	0.6	0.5	-0.48	0.04	-0.46	0.76	0.49	0.72	0.66	0.38		0.46	0.08	0.42	0.59	0.08	0.45	0.31	-0.05	0.37	0.45	-0.49	0.32	0.49	0.13	0.45
Cash	0.84	0.82	-0.4	-0.57	-0.51	0.72	0.73	0.72	0.53	0.93	0.46		-0.54	0.58	0.68	-0.54	0.54	0.46	0.33	0.51	0.0	-0.99	0.61	0.97	0.09	0.55
Good Will	-0.14	-0.18	0.23	1.0	0.28	-0.01	-0.02	-0.02	0.03	-0.62	0.08	-0.54		-0.21	-0.1	1.0	-0.29	-0.23	-0.38	-0.23	0.51	0.46	-0.26	-0.49	0.06	-0.32
Inventory	0.79	0.77	-0.25	-0.23	-0.35	0.67	0.41	0.58	0.41	0.68	0.42	0.58	-0.21		0.88	-0.21	0.44	0.75	0.54	0.91	-0.18	-0.55	0.95	0.52	0.23	0.44
Other Current Assets	0.9	0.85	-0.56	-0.16	-0.65	0.81	0.51	0.71	0.6	0.65	0.59	0.68	-0.1	0.88		-0.1	0.73	0.64	0.17	0.76	0.02	-0.7	0.84	0.64	-0.05	0.72
Intangible Assets	-0.14	-0.18	0.23	1.0	0.28	-0.01	-0.02	-0.02	0.03	-0.62	0.08	-0.54	1.0	-0.21	-0.1		-0.29	-0.23	-0.38	-0.23	0.51	0.46	-0.26	-0.49	0.06	-0.32
Common Stock	0.55	0.49	-0.95	-0.37	-0.99	0.58	0.3	0.44	0.43	0.42	0.45	0.54	-0.29	0.44	0.73	-0.29		0.21	-0.32	0.28	-0.02	-0.58	0.4	0.52	-0.63	1.0
Property Plant Equipment	0.67	0.71	-0.08	-0.24	-0.12	0.42	0.12	0.35	0.57	0.67	0.31	0.46	-0.23	0.75	0.64	-0.23	0.21		0.45	0.95	-0.06	-0.43	0.83	0.49	0.42	0.21
Short Long Term Debt Total	0.3	0.37	0.48	-0.34	0.39	0.06	0.17	0.08	-0.16	0.52	-0.05	0.33	-0.38	0.54	0.17	-0.38	-0.32	0.45		0.58	-0.37	-0.23	0.56	0.28	0.62	-0.31
Property Plant And Equipment Net	0.74	0.77	-0.12	-0.24	-0.18	0.52	0.23	0.43	0.5	0.7	0.37	0.51	-0.23	0.91	0.76	-0.23	0.28	0.95	0.58		-0.13	-0.47	0.94	0.51	0.39	0.28
Current Deferred Revenue	0.14	0.02	-0.15	0.49	-0.02	0.42	0.38	0.46	0.57	-0.19	0.45	0.0	0.51	-0.18	0.02	0.51	-0.02	-0.06	-0.37	-0.13		-0.07	-0.29	0.04	0.25	-0.03
Net Debt	-0.87	-0.83	0.46	0.49	0.56	-0.76	-0.76	-0.75	-0.57	-0.89	-0.49	-0.99	0.46	-0.55	-0.7	0.46	-0.58	-0.43	-0.23	-0.47	-0.07		-0.58	-0.97	-0.04	-0.59
Non Current Assets Total	0.8	0.83	-0.17	-0.29	-0.31	0.55	0.32	0.46	0.4	0.76	0.32	0.61	-0.26	0.95	0.84	-0.26	0.4	0.83	0.56	0.94	-0.29	-0.58		0.58	0.21	0.4
Cash And Short Term Investments	0.86	0.85	-0.41	-0.52	-0.5	0.69	0.71	0.69	0.54	0.93	0.49	0.97	-0.49	0.52	0.64	-0.49	0.52	0.49	0.28	0.51	0.04	-0.97	0.58		0.09	0.53
Net Receivables	0.17	0.17	0.66	0.12	0.67	0.15	0.24	0.26	0.21	0.21	0.13	0.09	0.06	0.23	-0.05	0.06	-0.63	0.42	0.62	0.39	0.25	-0.04	0.21	0.09		-0.63
Common Stock Total Equity	0.54	0.49	-0.95	-0.4	-0.99	0.57	0.3	0.44	0.43	0.44	0.45	0.55	-0.32	0.44	0.72	-0.32	1.0	0.21	-0.31	0.28	-0.03	-0.59	0.4	0.53	-0.63

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Omega Flex Account Relationship Matchups

Omega Flex fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	61.0M	71.6M	88.9M	97.7M	100.2M	59.6M
Total Stockholder Equity	37.4M	46.1M	60.4M	71.0M	78.7M	39.9M
Other Assets	1.5M	2.1M	1.7M	6.8M	1.0	0.95
Liabilities And Stockholders Equity	61.0M	71.6M	88.9M	97.7M	100.2M	59.6M
Total Liab	23.4M	25.2M	28.4M	26.5M	21.4M	19.5M
Other Current Liab	5.4M	17.9M	19.1M	19.1M	14.9M	13.7M
Total Current Liabilities	20.5M	21.9M	22.8M	22.4M	18.1M	17.8M
Other Liab	2.5M	3.1M	2.6M	1.4M	1.6M	1.6M
Retained Earnings	27.2M	35.8M	50.1M	61.0M	68.5M	71.9M
Accounts Payable	2.4M	2.5M	3.4M	2.3M	2.1M	2.2M
Cash	16.1M	23.6M	32.9M	37.7M	46.4M	48.7M
Inventory	11.1M	11.5M	15.6M	17.8M	15.6M	9.9M
Other Current Assets	2.1M	2.1M	2.5M	2.8M	2.9M	1.5M
Property Plant Equipment	8.9M	8.6M	8.6M	8.4M	9.7M	7.0M
Property Plant And Equipment Net	9.7M	9.1M	11.9M	11.6M	11.9M	7.8M
Net Debt	(15.3M)	(23.1M)	(29.5M)	(34.5M)	(43.4M)	(41.2M)
Non Current Assets Total	14.7M	14.2M	17.2M	21.9M	20.0M	13.9M
Cash And Short Term Investments	16.1M	23.6M	32.9M	37.7M	46.4M	48.7M
Net Receivables	17.0M	20.1M	20.7M	17.5M	15.4M	15.8M
Non Current Liabilities Total	2.9M	3.3M	5.6M	4.1M	3.3M	3.0M
Property Plant And Equipment Gross	9.7M	9.1M	26.3M	26.9M	28.3M	29.7M
Total Current Assets	46.3M	57.4M	71.7M	75.8M	80.2M	49.9M
Accumulated Other Comprehensive Income	(909K)	(778K)	(827K)	(1.1M)	(930K)	(883.5K)
Short Term Debt	369K	494K	383K	894K	908K	862.6K
Non Currrent Assets Other	1.5M	1.6M	1.7M	5.9M	4.4M	2.3M
Net Tangible Assets	33.9M	42.6M	56.8M	67.5M	77.6M	44.2M
Noncontrolling Interest In Consolidated Entity	194K	260K	189K	196K	225.4K	253.4K
Retained Earnings Total Equity	27.2M	35.8M	50.1M	61.0M	70.1M	36.9M
Deferred Long Term Liab	331K	121K	427K	6K	5.4K	5.1K
Non Current Liabilities Other	2.6M	3.2M	5.2M	4.1M	603K	572.9K
Net Invested Capital	37.4M	46.1M	60.4M	71.0M	78.7M	65.2M
Net Working Capital	25.8M	35.5M	48.9M	53.4M	62.1M	51.3M

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Omega Operating Income vs Interest Expense Analysis

Operating Income vs Interest Expense

Operating Income vs Interest Expense Correlation Analysis

Correlation Coefficient

Operating Income

Interest Expense

Omega Flex fundamental ratios Correlations

Omega Flex Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Omega Flex fundamental ratios Accounts

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Additional Tools for Omega Stock Analysis

COMMON DESTINATIONS

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Good Will	+ 1.0	Common Stock Shares Outstanding
Intangible Assets	+ 1.0	Common Stock Shares Outstanding
Intangible Assets	+ 1.0	Good Will
Common Stock Total Equity	+ 1.0	Common Stock
Total Stockholder Equity	+ 0.98	Total Assets
Total Current Liabilities	+ 0.98	Total Liab

Net Debt	- 0.99	Cash
Common Stock Total Equity	- 0.99	Other Stockholder Equity
Common Stock	- 0.99	Other Stockholder Equity
Cash And Short Term Investments	- 0.97	Net Debt
Common Stock Total Equity	- 0.95	Other Assets
Common Stock	- 0.95	Other Assets