Research Frontiers Incorporated (REFR) — Financial Flexibility Index
Research Frontiers Incorporated (REFR) has a Financial Flexibility Index of -0.59x as of March 2026. Free cash flow of $-759.86K (operating CF $-759.93K minus capex $69.00) represents -1% of total liabilities ($1.30 Million). Check REFR capex plus investments ratio to assess the company's total reinvestment commitment from operating cash flow.
Financial Flexibility Index
Free Cash Flow
Total Liabilities
Capital Expenditures
Research Frontiers Incorporated Financial Flexibility Index (1988–2025)
Historical Financial Flexibility Index trend for Research Frontiers Incorporated across 38 annual periods. For the full cash flow conversion analysis, see REFR cash flow metrics.
Annual Financial Flexibility Index for Research Frontiers Incorporated (1988–2025)
Year-by-year free cash flow to debt coverage for Research Frontiers Incorporated. Explore debt repayment capacity of Research Frontiers Incorporated to assess how comfortably operating cash covers total debt obligations.
| Year | Flexibility Index | Free Cash Flow (USD) | Operating CF | Total Liabilities | YoY Change |
|---|---|---|---|---|---|
| 2025 | -1.01x | $-1.33 Million | $-1.33 Million | $1.32 Million | ▼ -83.8% |
| 2024 | -0.55x | $-787.20K | $-788.82K | $1.44 Million | ▲ +92.0% |
| 2023 | -6.89x | $-2.29 Million | $-2.30 Million | $332.79K | ▼ -79.9% |
| 2022 | -3.83x | $-2.18 Million | $-2.18 Million | $569.59K | ▼ -61.9% |
| 2021 | -2.37x | $-1.80 Million | $-1.80 Million | $762.06K | ▲ +6.0% |
| 2020 | -2.52x | $-2.20 Million | $-2.25 Million | $872.28K | ▼ -49.8% |
| 2019 | -1.68x | $-2.02 Million | $-2.08 Million | $1.20 Million | ▲ +21.7% |
| 2018 | -2.15x | $-2.06 Million | $-2.07 Million | $959.08K | ▲ +54.0% |
| 2017 | -4.67x | $-1.46 Million | $-1.47 Million | $313.75K | ▲ +56.9% |
| 2016 | -10.82x | $-3.99 Million | $-4.01 Million | $369.27K | ▼ -55.1% |
| 2015 | -6.97x | $-3.26 Million | $-3.58 Million | $468.21K | ▼ -24.8% |
| 2014 | -5.59x | $-2.70 Million | $-3.32 Million | $482.68K | ▲ +71.6% |
| 2013 | -19.68x | $-3.19 Million | $-3.24 Million | $162.33K | ▼ -78.8% |
| 2012 | -11.00x | $-2.67 Million | $-2.68 Million | $242.39K | ▼ -2.1% |
| 2011 | -10.78x | $-3.34 Million | $-3.35 Million | $309.94K | ▼ -5.4% |
| 2010 | -10.22x | $-3.19 Million | $-3.20 Million | $312.24K | ▲ +15.0% |
| 2009 | -12.02x | $-3.71 Million | $-3.73 Million | $308.52K | ▼ -111.7% |
| 2008 | -5.68x | $-2.34 Million | $-2.41 Million | $411.69K | ▲ +46.0% |
| 2007 | -10.51x | $-3.45 Million | $-3.52 Million | $328.60K | ▲ +15.9% |
| 2006 | -12.50x | $-3.24 Million | $-3.27 Million | $259.02K | ▼ 0.0% |
| 2005 | -12.49x | $-3.88 Million | $-3.92 Million | $310.95K | ▼ -65.2% |
| 2004 | -7.56x | $-3.54 Million | $-3.61 Million | $468.37K | ▲ +59.1% |
| 2003 | -18.46x | $-4.08 Million | $-4.12 Million | $220.84K | ▼ -48.8% |
| 2002 | -12.41x | $-3.63 Million | $-3.67 Million | $292.58K | ▲ +30.2% |
| 2001 | -17.78x | $-4.89 Million | $-4.94 Million | $274.98K | ▼ -472.0% |
| 2000 | -3.11x | $-3.08 Million | $-3.22 Million | $991.21K | ▲ +37.8% |
| 1999 | -5.00x | $-2.50 Million | $-2.60 Million | $500.00K | ▲ +42.3% |
| 1998 | -8.67x | $-2.60 Million | $-2.70 Million | $300.00K | ▼ -966.7% |
| 1997 | 1.00x | $400.00K | $300.00K | $400.00K | ▲ +104.8% |
| 1996 | -21.00x | $-4.20 Million | $-4.30 Million | $200.00K | ▼ -133.3% |
| 1995 | -9.00x | $-1.80 Million | $-1.80 Million | $200.00K | ▲ +58.1% |
| 1994 | -21.50x | $-4.30 Million | $-4.40 Million | $200.00K | ▼ -2453.1% |
| 1993 | -0.84x | $-1.60 Million | $-1.70 Million | $1.90 Million | ▲ +88.0% |
| 1992 | -7.00x | $-1.40 Million | $-1.40 Million | $200.00K | ▼ -27.3% |
| 1991 | -5.50x | $-1.10 Million | $-1.10 Million | $200.00K | ▼ -725.0% |
| 1990 | -0.67x | $-200.00K | $-200.00K | $300.00K | ▼ -166.7% |
| 1989 | 1.00x | $300.00K | $200.00K | $300.00K | ▲ +125.0% |
| 1988 | -4.00x | $-800.00K | $-800.00K | $200.00K | — |