Terra Metals Ltd (TM1) — Defensive Interval Ratio

Latest as of December 2023: 123 days

Terra Metals Ltd (TM1) has a Defensive Interval Ratio of 123 days as of December 2023. Defensive assets of AU$235.41K (cash AU$-, short-term investments AU$-, receivables AU$235.41K) cover 123 days of daily cash needs of AU$1.91K/day. Check TM1 tangible net worth ratio to evaluate the tangible quality of the company's equity base.

Defensive Interval Ratio

123 days
Days of operational coverage

Defensive Assets

AU$235.41K
Cash + ST Investments + Receivables

Daily Cash Need

AU$1.91K
Current Liabilities ÷ 365

Current Liabilities

AU$697.16K
AUD

Terra Metals Ltd Defensive Interval Ratio (2015–2023)

This chart shows how Terra Metals Ltd's Defensive Interval Ratio has evolved across 9 annual periods from 2015 to 2023. As of December 2023, the ratio stands at 123 days, meaning defensive assets of AU$235.41K can fund 123 days of operations without new revenue. Also explore TM1 shareholders equity momentum to track the company's year-over-year net asset growth rate.

Annual Defensive Interval Ratio for Terra Metals Ltd (2015–2023)

The table below presents the year-by-year Defensive Interval Ratio for Terra Metals Ltd from 2015 to 2023, covering 9 annual filings. Each row shows defensive assets, daily cash need, the DIR in days, and the change in days compared to the prior year. For live market cap and the full company financial profile, see TM1 market cap.

Year DIR (days) Defensive Assets (AUD) Daily Cash Need Cash ST Investments Change (days)
2023 975 days AU$107.76K AU$110.49/day AU$- AU$- ▲ +957 days
2022 18 days AU$41.46K AU$2.31K/day AU$- AU$- ▲ +18 days
2021 0 days AU$12.21K AU$172.19K/day AU$- AU$- ▲ +0 days
2020 0 days AU$5.73K AU$274.30K/day AU$- AU$- ▼ -32 days
2019 32 days AU$834.00K AU$26.01K/day AU$- AU$- ▲ +30 days
2018 3 days AU$68.00K AU$27.16K/day AU$- AU$- ▼ -16 days
2017 18 days AU$232.00K AU$12.61K/day AU$- AU$0.00 ▲ +15 days
2016 3 days AU$14.82K AU$4.63K/day AU$- AU$5.02K ▼ -3 days
2015 6 days AU$20.11K AU$3.28K/day AU$- AU$5.01K —
DIR = (Cash + Short-term Investments + Net Receivables) / (Daily Cash Expenses)