True North Copper Ltd (TNC) — Defensive Interval Ratio
True North Copper Ltd (TNC) has a Defensive Interval Ratio of 556 days as of December 2025. Defensive assets of AU$12.74 Million (cash AU$6.38 Million, short-term investments AU$6.00 Million, receivables AU$357.00K) cover 556 days of daily cash needs of AU$22.91K/day.
Defensive Interval Ratio
Defensive Assets
Daily Cash Need
Current Liabilities
True North Copper Ltd Defensive Interval Ratio (2019–2025)
This chart shows how True North Copper Ltd's Defensive Interval Ratio has evolved across 7 annual periods from 2019 to 2025. As of December 2025, the ratio stands at 556 days, meaning defensive assets of AU$12.74 Million can fund 556 days of operations without new revenue. For the complete balance sheet picture, see TNC asset base.
Annual Defensive Interval Ratio for True North Copper Ltd (2019–2025)
The table below presents the year-by-year Defensive Interval Ratio for True North Copper Ltd from 2019 to 2025, covering 7 annual filings. Each row shows defensive assets, daily cash need, the DIR in days, and the change in days compared to the prior year. See working capital to net assets of True North Copper Ltd to evaluate short-term liquidity relative to the company's equity base.
| Year | DIR (days) | Defensive Assets (AUD) | Daily Cash Need | Cash | ST Investments | Change (days) |
|---|---|---|---|---|---|---|
| 2025 | 91 days | AU$440.00K | AU$4.84K/day | AU$- | AU$- | ▲ +81 days |
| 2024 | 10 days | AU$750.73K | AU$73.09K/day | AU$- | AU$- | ▼ -107 days |
| 2023 | 117 days | AU$5.35 Million | AU$45.54K/day | AU$3.49 Million | AU$- | ▼ -52 days |
| 2022 | 169 days | AU$369.46K | AU$2.19K/day | AU$53.44K | AU$- | ▼ -1761 days |
| 2021 | 1930 days | AU$6.09 Million | AU$3.15K/day | AU$3.00 Million | AU$10.00K | ▲ +1892 days |
| 2020 | 38 days | AU$36.16K | AU$961.36/day | AU$- | AU$10.00K | ▼ -23 days |
| 2019 | 60 days | AU$20.91K | AU$346.62/day | AU$- | AU$- | — |