Omega Flex OFLX Accrued Contingent Liabilities
Accrued Contingent Liabilities at other companies
Other financials
Where this comes from
Reported directly by Omega Flex in its filing.
Tagged under the XBRL concept us-gaap:LossContingencyAccrualAtCarryingValue.
The official record: Omega Flex’s 10-Q, filed May 1, 2026, on SEC EDGAR. View the filing →
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Questions, answered.
- What is Omega Flex's accrued contingent liabilities?
- Omega Flex (OFLX) reported accrued contingent liabilities of $250K in Q1 2026.
- How has Omega Flex's accrued contingent liabilities changed year-over-year?
- Omega Flex's accrued contingent liabilities decreased by 31.5% year-over-year, from $365K to $250K.
- What is the long-term trend for Omega Flex's accrued contingent liabilities?
- Over 5 years (2020 to 2025), Omega Flex's accrued contingent liabilities has grown at a 1.8% compound annual growth rate (CAGR), from $642K to $703K.
- What does accrued contingent liabilities mean?
- This represents the estimated financial obligations arising from uncertain future events, such as pending litigation or warranty claims, where payment is probable and the amount can be reasonably estimated. It serves as a critical indicator of potential legal or operational risk exposure that could impact future cash flows. Monitoring this balance helps investors assess the company's proactive management of potential liabilities.