Capital Appreciation Ltd (CTA) — Defensive Interval Ratio
Capital Appreciation Ltd (CTA) has a Defensive Interval Ratio of 698 days as of March 2025. Defensive assets of ZAC498.59 Million (cash ZAC-, short-term investments ZAC270.44 Million, receivables ZAC228.16 Million) cover 698 days of daily cash needs of ZAC714.58K/day. See CTA net working capital ratio to evaluate short-term liquidity relative to the company's equity base.
Defensive Interval Ratio
Defensive Assets
Daily Cash Need
Current Liabilities
Capital Appreciation Ltd Defensive Interval Ratio (2016–2025)
This chart shows how Capital Appreciation Ltd's Defensive Interval Ratio has evolved across 10 annual periods from 2016 to 2025. As of March 2025, the ratio stands at 698 days, meaning defensive assets of ZAC498.59 Million can fund 698 days of operations without new revenue. See Capital Appreciation Ltd balance sheet independence to measure how much of total assets are equity-financed.
Annual Defensive Interval Ratio for Capital Appreciation Ltd (2016–2025)
The table below presents the year-by-year Defensive Interval Ratio for Capital Appreciation Ltd from 2016 to 2025, covering 10 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 CTA market cap overview.
| Year | DIR (days) | Defensive Assets (ZAC) | Daily Cash Need | Cash | ST Investments | Change (days) |
|---|---|---|---|---|---|---|
| 2025 | 698 days | ZAC498.59 Million | ZAC714.58K/day | ZAC- | ZAC270.44 Million | ▲ +210 days |
| 2024 | 488 days | ZAC163.68 Million | ZAC335.62K/day | ZAC- | ZAC276.00K | ▼ -1027 days |
| 2023 | 1515 days | ZAC580.05 Million | ZAC382.84K/day | ZAC- | ZAC397.75 Million | ▼ -642 days |
| 2022 | 2157 days | ZAC560.12 Million | ZAC259.68K/day | ZAC- | ZAC454.97 Million | ▼ -37 days |
| 2021 | 2194 days | ZAC476.67 Million | ZAC217.28K/day | ZAC- | ZAC429.21 Million | ▲ +595 days |
| 2020 | 1598 days | ZAC429.24 Million | ZAC268.55K/day | ZAC- | ZAC346.61 Million | ▼ -2027 days |
| 2019 | 3626 days | ZAC624.40 Million | ZAC172.21K/day | ZAC- | ZAC587.45 Million | ▼ -952 days |
| 2018 | 4578 days | ZAC548.48 Million | ZAC119.81K/day | ZAC- | ZAC486.71 Million | ▲ +4542 days |
| 2017 | 36 days | ZAC589.23K | ZAC16.48K/day | ZAC- | ZAC70.00K | ▲ +10 days |
| 2016 | 26 days | ZAC356.67K | ZAC13.85K/day | ZAC- | ZAC70.00K | — |