Donald Siecke - Lifeloc Technologies Director

LCTC Stock  USD 3.58  0.08  2.29%   

Director

Mr. Donald E. Siecke is Director of Lifeloc Technologies, Inc since 2016.
Tenure 8 years
Phone303 431 9500
Webhttps://www.lifeloc.com
Siecke practiced as a certified public accountant in the state of Colorado from 1963 to 1976. He was president of Kelmore Development Corporationrationration, a real estate development company, since 1981, and serves as the chairman of Redstone Bank, a Colorado bank of which he was a founding director. He is a director of several privately held companies, metropolitan districts, and charitable organizations. He received a BS degree in business administration from the University of Denver in 1961, having majored in accounting. In determining Mr. Siecke qualifications to serve on our board of directors, the board considered, among other things, his experience and expertise in finance, accounting and management.

Lifeloc Technologies Management Efficiency

The company has return on total asset (ROA) of (0.0511) % which means that it has lost $0.0511 on every $100 spent on assets. This is way below average. Similarly, it shows a return on stockholder's equity (ROE) of (0.0888) %, meaning that it created substantial loss on money invested by shareholders. Lifeloc Technologies' management efficiency ratios could be used to measure how well Lifeloc Technologies manages its routine affairs as well as how well it operates its assets and liabilities.
The company currently holds 1.27 M in liabilities with Debt to Equity (D/E) ratio of 0.21, which may suggest the company is not taking enough advantage from borrowing. Lifeloc Technologies has a current ratio of 6.07, suggesting that it is liquid enough and is able to pay its financial obligations when due. Debt can assist Lifeloc Technologies until it has trouble settling it off, either with new capital or with free cash flow. So, Lifeloc Technologies' shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Lifeloc Technologies sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Lifeloc to invest in growth at high rates of return. When we think about Lifeloc Technologies' use of debt, we should always consider it together with cash and equity.

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Lifeloc Technologies, Inc. develops, manufactures, and markets portable hand-held and fixed station breathalyzers and related accessories for law enforcement, workplace, corrections, original equipment manufacturing, and consumer markets worldwide. Lifeloc Technologies, Inc. is a subsidiary of EDCO Partners LLLP. Lifeloc operates under Scientific Technical Instruments classification in the United States and is traded on OTC Exchange. It employs 34 people. Lifeloc Technologies [LCTC] is a Pink Sheet which is traded between brokers as part of OTC trading.

Management Performance

Lifeloc Technologies Leadership Team

Elected by the shareholders, the Lifeloc Technologies' board of directors comprises two types of representatives: Lifeloc Technologies inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Lifeloc. The board's role is to monitor Lifeloc Technologies' management team and ensure that shareholders' interests are well served. Lifeloc Technologies' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Lifeloc Technologies' outside directors are responsible for providing unbiased perspectives on the board's policies.
Gurumurthi Ravishankar, Pres and Director
Robert Greenlee, Director
Kristie LaRose, Principal Accounting Officer, VP of Fin. and Controller
Donald Siecke, Director
Michelle Heim, Chief Controller
Wayne Willkomm, CEO and President Director and Member of Audit Committee
Barry Knott, CEO and Director
Vern Kornelsen, Chairman, CFO and Secretary

Lifeloc Stock Performance Indicators

The ability to make a profit is the ultimate goal of any investor. But to identify the right pink sheet is not an easy task. Is Lifeloc Technologies a good investment? Although profit is still the single most important financial element of any organization, multiple performance indicators can help investors identify the equity that they will appreciate over time.

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When running Lifeloc Technologies' price analysis, check to measure Lifeloc Technologies' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Lifeloc Technologies is operating at the current time. Most of Lifeloc Technologies' value examination focuses on studying past and present price action to predict the probability of Lifeloc Technologies' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Lifeloc Technologies' price. Additionally, you may evaluate how the addition of Lifeloc Technologies to your portfolios can decrease your overall portfolio volatility.
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Please note, there is a significant difference between Lifeloc Technologies' value and its price as these two are different measures arrived at by different means. Investors typically determine if Lifeloc Technologies is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Lifeloc Technologies' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.