Reflect Scientific (Reflect Scientific) Debt-to-Equity : 0.13 (As of Dec. 2023)

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What is Reflect Scientific Debt-to-Equity?

Reflect Scientific's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0.06 Mil. Reflect Scientific's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0.18 Mil. Reflect Scientific's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $1.89 Mil. Reflect Scientific's debt to equity for the quarter that ended in Dec. 2023 was 0.13.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

The historical rank and industry rank for Reflect Scientific's Debt-to-Equity or its related term are showing as below:

RSCF' s Debt-to-Equity Range Over the Past 10 Years
Min: -1.18 Med: 0.04 Max: 0.23
Current: 0.13

During the past 13 years, the highest Debt-to-Equity Ratio of Reflect Scientific was 0.23. The lowest was -1.18. And the median was 0.04.

RSCF's Debt-to-Equity is ranked better than
62.76% of 709 companies
in the Medical Devices & Instruments industry
Industry Median: 0.21 vs RSCF: 0.13

Reflect Scientific Debt-to-Equity Historical Data

The historical data trend for Reflect Scientific's Debt-to-Equity 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.

Reflect Scientific Debt-to-Equity Chart

Reflect Scientific Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.12

0.23

0.05

0.03

0.13

Reflect Scientific Quarterly Data
	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Jun20	Sep20	Dec20	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial															0.03	0.02	0.01	0.12	0.13

Competitive Comparison of Reflect Scientific's Debt-to-Equity

For the Medical Instruments & Supplies subindustry, Reflect Scientific's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity 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.

Reflect Scientific's Debt-to-Equity Distribution in the Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, Reflect Scientific's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Reflect Scientific's Debt-to-Equity falls into.

Reflect Scientific Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Reflect Scientific's Debt to Equity Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(0.063	+	0.18)	/	1.893
	=	0.13

Reflect Scientific's Debt to Equity Ratio for the quarter that ended in Dec. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(0.063	+	0.18)	/	1.893
	=	0.13

Reflect Scientific (OTCPK:RSCF) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.

Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.

Reflect Scientific Debt-to-Equity Related Terms

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Reflect Scientific (Reflect Scientific) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Reflect Scientific Inc (OTCPK:RSCF) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

1266 South 1380 West, Orem, UT, USA, 84058

Website

https://www.reflectscientific.com

Reflect Scientific Inc is engaged in the manufacture and distribution of products targeted at the life science market. The company serves a varies array of customers including hospitals and diagnostic laboratories, pharmaceutical and biotech companies, universities, government and private sector research facilities, and chemical and industrial companies. The products of the company are Cryometrix Freezers which provides energy savings and other critically important benefits to cryo-storage customers in the Life Science related industries, and detectors that serve the analytical instrumentation sector of the Life Sciences market. The company sells its products in the biotechnology, pharmaceutical, and medical industries.

Executives

Kim Boyce	director, 10 percent owner, officer: President	1266 SOUTH 1380 WEST, OREM UT 84058
Keith L Merrell	officer: CFO	1240 MUELLER PARK ROAD, BOUNTIFUL UT 84010
William G Moon	director	1266 SOUTH 1380 WEST, OREM UT 84058
David Scott Strate	officer: CFO	1270 S 1380 W, OREM UT 84058
Kevin Cooksy	officer: Secretary Treasurer	3161 GRANADA DRIVE, CAMERON PARK CA 95682
Craig Morrison	director	975 NORTH TERRACE DRIVE, PROVO UT 84604
Thomas A Tait	director, officer: Vice President	514 AMERICAS WAY #5556, BOX ELDER SD 57719