Research Frontiers Incorporated (REFR) — Cash Flow-to-Debt Ratio
Research Frontiers Incorporated (REFR) has a Cash Flow-to-Debt Ratio of -0.59x as of March 2026, meaning its operating cash flow of $-759.93K could theoretically repay -1% of its total liabilities ($1.30 Million) in one year. See Research Frontiers Incorporated financial flexibility index to measure the company's free cash flow as a share of total liabilities.
CF-to-Debt Ratio
Operating Cash Flow
Total Liabilities
Data as of
Research Frontiers Incorporated Cash Flow-to-Debt Ratio (1988–2025)
Historical debt coverage capacity for Research Frontiers Incorporated across 38 annual periods. For the full cash flow conversion analysis, see Research Frontiers Incorporated (REFR) cash flow conversion.
Annual Cash Flow-to-Debt Ratio for Research Frontiers Incorporated (1988–2025)
Year-by-year debt coverage analysis for Research Frontiers Incorporated. Check REFR cash flow quality index to evaluate the quality of earnings relative to operating cash generation.
| Year | CF-to-Debt Ratio | Operating CF (USD) | Total Liabilities | YoY Change |
|---|---|---|---|---|
| 2025 | -1.01x | $-1.33 Million | $1.32 Million | ▼ -83.5% |
| 2024 | -0.55x | $-788.82K | $1.44 Million | ▲ +92.0% |
| 2023 | -6.90x | $-2.30 Million | $332.79K | ▼ -80.0% |
| 2022 | -3.83x | $-2.18 Million | $569.59K | ▼ -61.9% |
| 2021 | -2.37x | $-1.80 Million | $762.06K | ▲ +8.3% |
| 2020 | -2.58x | $-2.25 Million | $872.28K | ▼ -48.8% |
| 2019 | -1.74x | $-2.08 Million | $1.20 Million | ▲ +19.6% |
| 2018 | -2.16x | $-2.07 Million | $959.08K | ▲ +53.9% |
| 2017 | -4.69x | $-1.47 Million | $313.75K | ▲ +56.8% |
| 2016 | -10.85x | $-4.01 Million | $369.27K | ▼ -41.8% |
| 2015 | -7.65x | $-3.58 Million | $468.21K | ▼ -11.1% |
| 2014 | -6.89x | $-3.32 Million | $482.68K | ▲ +65.6% |
| 2013 | -19.99x | $-3.24 Million | $162.33K | ▼ -80.9% |
| 2012 | -11.05x | $-2.68 Million | $242.39K | ▼ -2.2% |
| 2011 | -10.82x | $-3.35 Million | $309.94K | ▼ -5.5% |
| 2010 | -10.26x | $-3.20 Million | $312.24K | ▲ +15.2% |
| 2009 | -12.10x | $-3.73 Million | $308.52K | ▼ -106.3% |
| 2008 | -5.86x | $-2.41 Million | $411.69K | ▲ +45.2% |
| 2007 | -10.70x | $-3.52 Million | $328.60K | ▲ +15.1% |
| 2006 | -12.61x | $-3.27 Million | $259.02K | ▲ +0.0% |
| 2005 | -12.61x | $-3.92 Million | $310.95K | ▼ -63.6% |
| 2004 | -7.71x | $-3.61 Million | $468.37K | ▲ +58.7% |
| 2003 | -18.68x | $-4.12 Million | $220.84K | ▼ -49.1% |
| 2002 | -12.53x | $-3.67 Million | $292.58K | ▲ +30.2% |
| 2001 | -17.96x | $-4.94 Million | $274.98K | ▼ -453.2% |
| 2000 | -3.25x | $-3.22 Million | $991.21K | ▲ +37.6% |
| 1999 | -5.20x | $-2.60 Million | $500.00K | ▲ +42.2% |
| 1998 | -9.00x | $-2.70 Million | $300.00K | ▼ -1300.0% |
| 1997 | 0.75x | $300.00K | $400.00K | ▲ +103.5% |
| 1996 | -21.50x | $-4.30 Million | $200.00K | ▼ -138.9% |
| 1995 | -9.00x | $-1.80 Million | $200.00K | ▲ +59.1% |
| 1994 | -22.00x | $-4.40 Million | $200.00K | ▼ -2358.8% |
| 1993 | -0.89x | $-1.70 Million | $1.90 Million | ▲ +87.2% |
| 1992 | -7.00x | $-1.40 Million | $200.00K | ▼ -27.3% |
| 1991 | -5.50x | $-1.10 Million | $200.00K | ▼ -725.0% |
| 1990 | -0.67x | $-200.00K | $300.00K | ▼ -200.0% |
| 1989 | 0.67x | $200.00K | $300.00K | ▲ +116.7% |
| 1988 | -4.00x | $-800.00K | $200.00K | — |