The current ratio is a liquidity ratio that measures a company's ability to pay short-term obligations. It is calculated as a company's Total Current Assets divides by its Total Current Liabilities. Research Frontiers's current ratio for the quarter that ended in Mar. 2022 was 11.48.
Research Frontiers has a current ratio of 11.48. It indicates the company may not be efficiently using its current assets or its short-term financing facilities. This may also indicate problems in working capital management.
The historical rank and industry rank for Research Frontiers's Current Ratio or its related term are showing as below:
REFR'
s Current Ratio Range Over the Past 10 Years
Min: 1 Med: 17.08 Max: 90
Current: 11.48
During the past 13 years, Research Frontiers's highest Current Ratio was 90.00. The lowest was 1.00. And the median was 17.08.
REFR's Current Ratio is ranked better than 97.2% of 2391
companies
in the Hardware industry
Industry Median: 1.96
vs REFR: 11.48
Research Frontiers Current Ratio Historical Data
The historical data trend for Research Frontiers's Current Ratio can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
* Premium members only.
Research Frontiers Annual Data
Trend
Dec12
Dec13
Dec14
Dec15
Dec16
Dec17
Dec18
Dec19
Dec20
Dec21
Current Ratio
7.53
8.10
18.88
24.02
13.26
Research Frontiers Quarterly Data
Jun17
Sep17
Dec17
Mar18
Jun18
Sep18
Dec18
Mar19
Jun19
Sep19
Dec19
Mar20
Jun20
Sep20
Dec20
Mar21
Jun21
Sep21
Dec21
Mar22
Current Ratio
16.36
14.95
16.29
13.26
11.48
Competitive Comparison
For the Electronic Components subindustry, Research Frontiers's Current Ratio, along with its competitors' market caps and Current Ratio data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Research Frontiers Current Ratio Distribution
For the Hardware industry and Technology sector, Research Frontiers's Current Ratio distribution charts can be found below:
* The bar in red indicates where Research Frontiers's Current Ratio falls into.
Research Frontiers Current Ratio Calculation
The current ratio is mainly used to give an idea of the company's ability to pay back its short-term liabilities with its short-term assets.
Research Frontiers's Current Ratio for the fiscal year that ended in Dec. 2021
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Research Frontiers (NAS:REFR) Current Ratio Explanation
The current ratio can give a sense of the efficiency of a company's operating cycle or its ability to turn its product into cash. Companies that have trouble getting paid on their receivables or have long inventory turnover can run into liquidity problems because they are unable to alleviate their obligations. Because business operations differ in each industry, it is always more useful to compare companies within the same industry.
Acceptable current ratios vary from industry to industry and are generally between 1 and 3 for healthy businesses.
The higher the current ratio, the more capable the company is of paying its obligations. A ratio under 1 suggests that the company would be unable to pay off its obligations if they came due at that point. While this shows the company is not in good financial health, it does not necessarily mean that it will go bankrupt - as there are many ways to access financing - but it is definitely not a good sign.
If all other things were equal, a creditor, who is expecting to be paid in the next 12 months, would consider a high current ratio to be better than a low current ratio, because a high current ratio means that the company is more likely to meet its liabilities which fall due in the next 12 months.
Research Frontiers Current Ratio Related Terms
Thank you for viewing the detailed overview of Research Frontiers's Current Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Research Frontiers Inc is engaged in the development and marketing of technology and devices to control the flow of light. The company develops and licenses its patented suspended particle device light-control technology to other companies that manufacture and market the SPD-Smart chemical emulsion, the light-control film made from the chemical emulsion, the light-control panels made by laminating the film, electronics to power end-products incorporating the film, or lamination services for, and the end-products. Its revenue source comes from the licensing of technology.
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