Research Frontiers Incorporated (REFR) — Working Capital to Net Assets Ratio
Research Frontiers Incorporated (REFR) has a Working Capital to Net Assets ratio of 95.4% as of March 2026. Working capital of $1.70 Million (current assets of $2.02 Million minus current liabilities of $316.11K) is measured against net assets of $1.78 Million. A higher ratio indicates strong short-term liquidity financed by the equity base. See net asset quality index of Research Frontiers Incorporated to measure how much of total assets are equity-financed.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Research Frontiers Incorporated Working Capital to Net Assets (1987–2025)
This chart shows how Research Frontiers Incorporated's Working Capital to Net Assets ratio has evolved across 39 annual periods from 1987 to 2025. As of March 2026, the ratio stands at 95.4%, reflecting working capital of $1.70 Million against net assets of $1.78 Million USD. Check tangible net worth ratio of Research Frontiers Incorporated to evaluate the tangible quality of the company's equity base.
Annual Working Capital to Net Assets for Research Frontiers Incorporated (1987–2025)
The table below presents the year-by-year Working Capital to Net Assets ratio for Research Frontiers Incorporated from 1987 to 2025, covering 39 annual filings. Each row shows current assets, current liabilities, working capital, net assets, the ratio, and the change in percentage points compared to the prior year. For live market cap and the full company profile, see Research Frontiers Incorporated (REFR) market capitalisation.
| Year | WC/NA Ratio | Working Capital (USD) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2025 | 90.6% | $846.06K | $933.63K | $1.14 Million | $297.88K | ▼ -4.5 pp |
| 2024 | 95.1% | $2.48 Million | $2.60 Million | $2.75 Million | $269.03K | ▲ +1.3 pp |
| 2023 | 93.8% | $3.30 Million | $3.52 Million | $3.58 Million | $277.43K | ▼ -2.5 pp |
| 2022 | 96.3% | $4.62 Million | $4.80 Million | $4.92 Million | $301.86K | ▼ -0.2 pp |
| 2021 | 96.5% | $3.65 Million | $3.78 Million | $3.95 Million | $297.94K | ▼ -1.1 pp |
| 2020 | 97.6% | $5.20 Million | $5.33 Million | $5.43 Million | $226.07K | ▼ -0.4 pp |
| 2019 | 98.1% | $6.92 Million | $7.06 Million | $7.31 Million | $387.43K | ▼ -6.9 pp |
| 2018 | 105.0% | $3.25 Million | $3.10 Million | $3.71 Million | $457.66K | ▲ +25.1 pp |
| 2017 | 79.9% | $2.05 Million | $2.57 Million | $2.36 Million | $313.75K | ▼ -6.1 pp |
| 2016 | 86.0% | $4.22 Million | $4.90 Million | $4.59 Million | $369.27K | ▼ -4.4 pp |
| 2015 | 90.4% | $8.21 Million | $9.08 Million | $8.67 Million | $468.21K | ▲ +8.6 pp |
| 2014 | 81.8% | $9.88 Million | $12.08 Million | $10.37 Million | $482.68K | ▼ -17.5 pp |
| 2013 | 99.3% | $11.78 Million | $11.87 Million | $11.95 Million | $162.33K | ▼ -0.2 pp |
| 2012 | 99.4% | $14.09 Million | $14.17 Million | $14.33 Million | $242.39K | ▲ +2.0 pp |
| 2011 | 97.4% | $4.00 Million | $4.11 Million | $4.31 Million | $309.94K | ▲ +1.8 pp |
| 2010 | 95.6% | $7.14 Million | $7.47 Million | $7.46 Million | $312.24K | ▼ -0.4 pp |
| 2009 | 96.0% | $4.00 Million | $4.17 Million | $4.31 Million | $308.52K | ▲ +3.1 pp |
| 2008 | 92.9% | $4.53 Million | $4.87 Million | $4.94 Million | $411.69K | ▼ -4.5 pp |
| 2007 | 97.4% | $7.14 Million | $7.33 Million | $7.47 Million | $328.60K | ▲ +1.6 pp |
| 2006 | 95.8% | $2.87 Million | $2.99 Million | $3.13 Million | $259.02K | ▼ -0.5 pp |
| 2005 | 96.3% | $3.51 Million | $3.65 Million | $3.82 Million | $310.95K | ▲ +2.3 pp |
| 2004 | 94.0% | $2.25 Million | $2.39 Million | $2.72 Million | $468.37K | ▲ +0.7 pp |
| 2003 | 93.3% | $5.10 Million | $5.47 Million | $5.32 Million | $220.84K | ▲ +9.6 pp |
| 2002 | 83.7% | $5.00 Million | $5.97 Million | $5.29 Million | $292.58K | ▼ -4.7 pp |
| 2001 | 88.4% | $8.00 Million | $9.05 Million | $8.27 Million | $274.98K | ▼ -9.1 pp |
| 2000 | 97.5% | $14.37 Million | $14.74 Million | $15.36 Million | $991.21K | ▲ +0.6 pp |
| 1999 | 96.8% | $9.20 Million | $9.50 Million | $9.70 Million | $500.00K | ▲ +1.3 pp |
| 1998 | 95.5% | $6.40 Million | $6.70 Million | $6.70 Million | $300.00K | ▼ -1.4 pp |
| 1997 | 96.9% | $9.30 Million | $9.60 Million | $9.70 Million | $400.00K | ▼ -0.7 pp |
| 1996 | 97.6% | $8.00 Million | $8.20 Million | $8.20 Million | $200.00K | ▼ -1.4 pp |
| 1995 | 99.0% | $9.70 Million | $9.80 Million | $9.90 Million | $200.00K | ▲ +1.8 pp |
| 1994 | 97.2% | $7.00 Million | $7.20 Million | $7.20 Million | $200.00K | ▼ -1.5 pp |
| 1993 | 98.8% | $8.00 Million | $8.10 Million | $9.90 Million | $1.90 Million | ▲ +1.4 pp |
| 1992 | 97.4% | $3.70 Million | $3.80 Million | $3.90 Million | $200.00K | ▼ -0.5 pp |
| 1991 | 97.9% | $4.60 Million | $4.70 Million | $4.80 Million | $200.00K | ▲ +47.9 pp |
| 1990 | 50.0% | $200.00K | $400.00K | $500.00K | $300.00K | ▼ -25.0 pp |
| 1989 | 75.0% | $600.00K | $800.00K | $900.00K | $300.00K | ▼ -11.7 pp |
| 1988 | 86.7% | $1.30 Million | $1.50 Million | $1.40 Million | $100.00K | ▼ -4.6 pp |
| 1987 | 91.3% | $2.10 Million | $2.30 Million | $2.70 Million | $600.00K | — |