Nine Dragons Paper (Holdings) Limited (N3Y) — Defensive Interval Ratio

Latest as of June 2024: 43 days

Nine Dragons Paper (Holdings) Limited (N3Y) has a Defensive Interval Ratio of 43 days as of June 2024. Defensive assets of €3.66 Billion (cash €-, short-term investments €123.30 Million, receivables €3.53 Billion) cover 43 days of daily cash needs of €85.50 Million/day.

Defensive Interval Ratio

43 days
Days of operational coverage

Defensive Assets

€3.66 Billion
Cash + ST Investments + Receivables

Daily Cash Need

€85.50 Million
Current Liabilities ÷ 365

Current Liabilities

€31.21 Billion
EUR

Nine Dragons Paper (Holdings) Limited Defensive Interval Ratio (2014–2024)

This chart shows how Nine Dragons Paper (Holdings) Limited's Defensive Interval Ratio has evolved across 11 annual periods from 2014 to 2024. As of June 2024, the ratio stands at 43 days, meaning defensive assets of €3.66 Billion can fund 43 days of operations without new revenue. For the complete balance sheet picture, see how large is Nine Dragons Paper (Holdings) Limited's balance sheet.

Annual Defensive Interval Ratio for Nine Dragons Paper (Holdings) Limited (2014–2024)

The table below presents the year-by-year Defensive Interval Ratio for Nine Dragons Paper (Holdings) Limited from 2014 to 2024, covering 11 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 Nine Dragons Paper (Holdings) Limited to evaluate short-term liquidity relative to the company's equity base.

Year DIR (days) Defensive Assets (EUR) Daily Cash Need Cash ST Investments Change (days)
2024 43 days €3.66 Billion €85.50 Million/day €- €123.30 Million ▲ +1 days
2023 42 days €3.21 Billion €76.91 Million/day €- €119.49 Million ▼ -35 days
2022 76 days €3.80 Billion €49.84 Million/day €- €122.02 Million ▲ +16 days
2021 61 days €3.99 Billion €65.57 Million/day €- €115.42 Million ▼ -12 days
2020 73 days €3.31 Billion €45.18 Million/day €- €99.09 Million ▼ -19 days
2019 92 days €5.92 Billion €64.03 Million/day €- €86.64 Million ▼ -43 days
2018 136 days €8.99 Billion €66.14 Million/day €- €- ▼ -9 days
2017 145 days €6.68 Billion €46.07 Million/day €- €10.83 Million ▲ +98 days
2016 47 days €2.30 Billion €48.88 Million/day €- €274.01 Million ▼ -96 days
2015 143 days €6.97 Billion €48.65 Million/day €- €563.62 Million ▲ +7 days
2014 136 days €6.55 Billion €48.22 Million/day €- €- —
DIR = (Cash + Short-term Investments + Net Receivables) / (Daily Cash Expenses)