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Research Frontiers (REFR) Ratios
Research Frontiers Ratios
REFR's free cash flow for Q2 2026 was $-191.34K. For the 2026 fiscal year, REFR's free cash flow was decreased by $-36.00 and operating cash flow was $-191.31K. See a summary of the company’s cash flow.
| Ratios | Dec 25 | Dec 24 | Dec 23 | Dec 22 | Dec 21 |
|---|---|---|---|---|---|
| Liquidity Ratios | |||||
| Current Ratio | 3.84 | 10.21 | 12.89 | 16.30 | 13.26 |
| Quick Ratio | 3.84 | 10.21 | 12.89 | 16.30 | 13.26 |
| Cash Ratio | 2.23 | 7.41 | 8.92 | 14.02 | 0.91 |
| Solvency Ratio | -1.41 | -0.73 | -5.22 | -4.38 | -2.19 |
| Operating Cash Flow Ratio | -4.46 | -2.93 | -8.27 | -7.23 | -6.06 |
| Short-Term Operating Cash Flow Coverage | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Net Current Asset Value | $ -174.19K | $ 1.31M | $ 3.24M | $ 4.35M | $ 3.19M |
| Leverage Ratios | |||||
| Debt-to-Assets Ratio | 0.52 | 0.32 | 0.07 | 0.09 | 0.14 |
| Debt-to-Equity Ratio | 1.25 | 0.50 | 0.08 | 0.10 | 0.17 |
| Debt-to-Capital Ratio | 0.56 | 0.33 | 0.07 | 0.09 | 0.15 |
| Long-Term Debt-to-Capital Ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Financial Leverage Ratio | 2.41 | 1.55 | 1.09 | 1.12 | 1.20 |
| Debt Service Coverage Ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest Coverage Ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Debt to Market Cap | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest Debt Per Share | 0.03 | 0.04 | 0.01 | 0.01 | 0.02 |
| Net Debt to EBITDA | -0.27 | 0.67 | 1.19 | 1.54 | -0.23 |
| Profitability Margins | |||||
| Gross Profit Margin | 83.35% | 80.27% | -159.42% | 100.00% | 100.00% |
| EBIT Margin | -182.44% | -98.19% | -223.54% | -486.42% | -145.59% |
| EBITDA Margin | -165.79% | -78.46% | -204.61% | -453.96% | -131.61% |
| Operating Profit Margin | -190.16% | -107.96% | -223.54% | -486.42% | -145.59% |
| Pretax Profit Margin | -182.44% | -98.19% | -209.80% | -494.61% | -146.18% |
| Net Profit Margin | -182.44% | -98.19% | -209.80% | -494.61% | -146.18% |
| Continuous Operations Profit Margin | -182.44% | -98.19% | -209.80% | -494.61% | -146.18% |
| Net Income Per EBT | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% |
| EBT Per EBIT | 95.94% | 90.95% | 93.86% | 101.68% | 100.41% |
| Return on Assets (ROA) | -90.84% | -32.46% | -49.56% | -49.74% | -40.61% |
| Return on Equity (ROE) | -219.10% | -50.35% | -54.25% | -55.65% | -48.79% |
| Return on Capital Employed (ROCE) | -109.13% | -38.24% | -56.91% | -51.83% | -43.29% |
| Return on Invested Capital (ROIC) | -101.54% | -36.97% | -53.71% | -49.90% | -41.51% |
| Return on Tangible Assets | -90.84% | -32.46% | -49.56% | -49.74% | -40.61% |
| Earnings Yield | -4.64% | -2.29% | -5.65% | -4.36% | -3.39% |
| Efficiency Ratios | |||||
| Receivables Turnover | 2.74 | 2.03 | 0.91 | 0.92 | 1.52 |
| Payables Turnover | 1.41 | 3.07 | 46.38 | 0.00 | 0.00 |
| Inventory Turnover | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Fixed Asset Turnover | 1.07 | 1.08 | 4.17 | 1.39 | 2.24 |
| Asset Turnover | 0.50 | 0.33 | 0.24 | 0.10 | 0.28 |
| Working Capital Turnover Ratio | 0.67 | 0.46 | 0.23 | 0.13 | 0.29 |
| Cash Conversion Cycle | -126.37 | 61.03 | 394.77 | 398.76 | 240.33 |
| Days of Sales Outstanding | 133.03 | 179.89 | 402.64 | 398.76 | 240.33 |
| Days of Inventory Outstanding | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Days of Payables Outstanding | 259.40 | 118.86 | 7.87 | 0.00 | 0.00 |
| Operating Cycle | 133.03 | 179.89 | 402.64 | 398.76 | 240.33 |
| Cash Flow Ratios | |||||
| Operating Cash Flow Per Share | -0.04 | -0.02 | -0.07 | -0.07 | -0.06 |
| Free Cash Flow Per Share | -0.04 | -0.02 | -0.07 | -0.07 | -0.06 |
| Dividend Paid and CapEx Coverage Ratio | -1830.80 | -486.03 | -1473.08 | -1717.34 | -1675.30 |
| Capital Expenditure Coverage Ratio | -1830.80 | -486.03 | -1473.08 | -1717.34 | -1675.30 |
| Operating Cash Flow Coverage Ratio | -1.14 | -0.61 | -8.57 | -4.70 | -2.79 |
| Operating Cash Flow to Sales Ratio | -1.19 | -0.59 | -2.52 | -4.04 | -1.43 |
| Free Cash Flow Yield | -3.02% | -1.38% | -6.80% | -3.57% | -3.32% |
| Valuation Ratios | |||||
| Price-to-Earnings (P/E) Ratio | -21.55 | -43.73 | -17.71 | -22.95 | -29.48 |
| Price-to-Sales (P/S) Ratio | 39.31 | 42.92 | 37.15 | 113.50 | 43.10 |
| Price-to-Book (P/B) Ratio | 47.21 | 22.01 | 9.61 | 12.77 | 14.39 |
| Price-to-Free Cash Flow (P/FCF) Ratio | -33.15 | -72.52 | -14.71 | -28.05 | -30.15 |
| Price-to-Operating Cash Flow Ratio | -33.16 | -72.67 | -14.72 | -28.06 | -30.17 |
| Price-to-Earnings Growth (PEG) Ratio | -0.39 | 1.39 | 0.56 | -0.54 | 1.37 |
| Enterprise Value Multiple | -23.98 | -54.04 | -16.97 | -23.46 | -32.97 |
| Enterprise Value | 44.58M | 56.62M | 31.58M | 57.49M | 54.81M |
| EV to EBITDA | -23.98 | -54.04 | -16.97 | -23.46 | -32.97 |
| EV to Sales | 39.76 | 42.40 | 34.72 | 106.52 | 43.39 |
| EV to Free Cash Flow | -33.52 | -71.63 | -13.75 | -26.32 | -30.36 |
| EV to Operating Cash Flow | -33.54 | -71.78 | -13.76 | -26.34 | -30.38 |
| Tangible Book Value Per Share | 0.03 | 0.08 | 0.11 | 0.15 | 0.12 |
| Shareholders’ Equity Per Share | 0.03 | 0.08 | 0.11 | 0.15 | 0.12 |
| Tax and Other Ratios | |||||
| Effective Tax Rate | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Revenue Per Share | 0.03 | 0.04 | 0.03 | 0.02 | 0.04 |
| Net Income Per Share | -0.06 | -0.04 | -0.06 | -0.08 | -0.06 |
| Tax Burden | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 |
| Interest Burden | 1.00 | 1.00 | 0.94 | 1.02 | 1.00 |
| Research & Development to Revenue | 0.03 | 0.43 | 0.64 | 1.13 | 0.46 |
| SG&A to Revenue | 0.45 | 0.30 | 0.00 | 0.00 | 0.00 |
| Stock-Based Compensation to Revenue | 0.33 | 0.07 | 0.16 | 0.43 | 0.17 |
| Income Quality | 0.65 | 0.60 | 1.20 | 0.82 | 0.98 |
Currency in USD
