Reflect Scientific, Inc. balance sheet RSCF

Annual Quarterly

As of Sep 30, 2024, Reflect Scientific, Inc. had total assets of $2.3 million and total liabilities of $258,546. Total assets were down 13.6% from a year earlier. Stockholders' equity was $2.1 million. It held $1.0 million in cash and investments against $197,359 of total debt, net cash of $833,049. The current ratio, current assets divided by current liabilities, was 15.03.

USD in millions, except ratios and per-share amounts. The percent under a figure is the change from the year before.

Line	FY 2024 Sep 30, 2024	FY 2023 Dec 31, 2023	FY 2022 Dec 31, 2022	FY 2021 Dec 31, 2021	FY 2019 Dec 31, 2018	FY 2018 Dec 31, 2017	FY 2016 Dec 31, 2016	FY 2015 Dec 31, 2015	FY 2014 Dec 31, 2014	FY 2013 Dec 31, 2013	FY 2012 Dec 31, 2012
Assets
Cash	1	1 -7.5%	1 -6.2%	1	1 +151.9%	0	0 -19.3%	0 +7.8%	0 +7.8%	0 -3.5%	0 -24.8%
Cash and investments	1	1 -7.5%	1 -6.2%	1	1 +151.9%	0	0 -19.3%	0 +7.8%	0 +7.8%	0 -3.5%	0 -24.8%
Receivables	0 +126.4%	0 -16.3%	0 -26.4%	0	—	—	—	—	—	—	—
Inventory	1 -15.8%	1 +21.9%	1 +27.7%	1	0 +77.7%	0	0 -24.7%	0 -4.4%	0 -31.0%	0 -14.3%	0 -7.0%
Total current assets	2 -12.4%	2 +1.8%	2 +1.0%	2	1 +82.8%	1	1 -19.0%	1 -14.5%	1 +3.6%	1 -17.4%	1 -1.6%
Property and equipment, net	—	—	—	—	0 -51.2%	0	0	0	0 -100.0%	0 -87.3%	0 -49.9%
Goodwill	0 +0.0%	0 +0.0%	0 +0.0%	0	0 +0.0%	0	0 +0.0%	0 +0.0%	0 +0.0%	0 -81.6%	0 -50.0%
Total assets	2 -13.6%	3 +9.1%	2 -1.3%	2	1 +82.0%	1	1 -17.9%	1 -16.2%	1 -1.7%	1 -35.1%	1 -67.9%
Liabilities and equity
Accounts payable	—	—	—	0	0 +107.1%	0	—	—	—	—	—
Total current liabilities	0 -67.9%	1 +298.7%	0 -38.1%	0	1 +584.9%	0	0 -18.0%	0 -89.2%	1 +3.9%	1 +5.5%	1 -71.3%
Total liabilities	0 -59.1%	1 +419.0%	0 -50.0%	0	1 +601.7%	0	0 -18.0%	0 -89.2%	1 +3.9%	1 +5.5%	1 -71.3%
Stockholders' equity	2 +0.2%	2 -17.6%	2 +5.4%	2	1 +6.8%	1	0 -17.9%	1 +197.9%	-1 -13.5%	-0 -1482.1%	0 +110.1%
Debt
Lease liabilities	0 -22.2%	0 +322.8%	0 +1.7%	0	0	—	—	—	—	—	—
Total debt	0 -22.2%	0 +322.8%	0 +1.7%	0	0	—	—	—	—	—	—
Net cash	1	1 -21.8%	1 -6.6%	1	0	—	—	—	—	—	—
Ratios
Current ratio	15.03x	3.97x	15.57x	9.53x	1.86x	6.96x	4.15x	4.21x	0.53x	0.53x	0.68x
Debt to equity	0.09x	0.13x	0.02x	0.05x	0.11x	—	—	—	—	—	—
Debt to EBITDA	—	—	—	0.14x	—	—	—	—	—	—	—
Return on equity	-1.41%	-24.25%	3.89%	43.08%	-35.37%	-48.19%	-47.47%	150.70%	—	—	556.08%
Return on assets	-1.26%	-17.20%	3.65%	37.88%	-18.13%	-42.10%	-37.29%	118.34%	-99.69%	-118.12%	15.19%
Book value per share	0.02	0.02	0.03	0.03	0.01	0.01	0.01	0.01	-0.01	-0.01	0.00

How these figures are calculated

Annual columns are full-year amounts from the annual report (Form 10-K, 20-F, or 40-F). If a company restates a year, the latest filed number is shown. USD in millions, except ratios and per-share amounts. Cash and investments adds short-term and long-term marketable securities to cash. Debt due within a year is the borrowings that are not already in long-term debt. Total debt is those borrowings plus lease liabilities. Net cash is cash and investments minus total debt. Return on equity and return on assets divide the trailing twelve months of net income by the balance on that date. Debt to EBITDA uses the trailing twelve months of EBITDA. The first column is the latest balance sheet when it is newer than the latest fiscal year. More on our methodology.

Company profile

Industry: Laboratory Apparatus & Furniture (SIC 3821)
Listed as: RSCF (OTC)
Fiscal year ends: December 31
Incorporated in: UT
Headquarters: Orem, UT
SEC filer status: Non-accelerated filer, Smaller reporting company
SEC CIK: 1103090
Former names: REFLECT SCIENTIFIC INC (until Aug 11, 2022); COLE INC (until Jan 22, 2004)

Source: SEC EDGAR filings. This is company-reported data, not investment advice.