Mi Chang Oil (003650) — Defensive Interval Ratio

Latest as of March 2026: 2029 days

Mi Chang Oil (003650) has a Defensive Interval Ratio of 2029 days as of March 2026. Defensive assets of ₩305.38 Billion (cash ₩-, short-term investments ₩239.23 Billion, receivables ₩66.15 Billion) cover 2029 days of daily cash needs of ₩150.48 Million/day.

Defensive Interval Ratio

2029 days
Days of operational coverage

Defensive Assets

₩305.38 Billion
Cash + ST Investments + Receivables

Daily Cash Need

₩150.48 Million
Current Liabilities ÷ 365

Current Liabilities

₩54.93 Billion
KRW

Mi Chang Oil Defensive Interval Ratio (2009–2025)

This chart shows how Mi Chang Oil's Defensive Interval Ratio has evolved across 17 annual periods from 2009 to 2025. As of March 2026, the ratio stands at 2029 days, meaning defensive assets of ₩305.38 Billion can fund 2029 days of operations without new revenue. For the complete balance sheet picture, see Mi Chang Oil assets under control.

Annual Defensive Interval Ratio for Mi Chang Oil (2009–2025)

The table below presents the year-by-year Defensive Interval Ratio for Mi Chang Oil from 2009 to 2025, covering 17 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 how liquid is Mi Chang Oil's working capital to evaluate short-term liquidity relative to the company's equity base.

Year DIR (days) Defensive Assets (KRW) Daily Cash Need Cash ST Investments Change (days)
2025 2590 days ₩276.65 Billion ₩106.80 Million/day ₩- ₩211.25 Billion ▲ +1307 days
2024 1284 days ₩240.96 Billion ₩187.72 Million/day ₩- ₩172.66 Billion ▼ -113 days
2023 1397 days ₩178.35 Billion ₩127.67 Million/day ₩- ₩110.74 Billion ▼ -225 days
2022 1622 days ₩146.44 Billion ₩90.27 Million/day ₩- ₩84.04 Billion ▲ +291 days
2021 1331 days ₩142.80 Billion ₩107.29 Million/day ₩- ₩79.72 Billion ▲ +66 days
2020 1265 days ₩95.25 Billion ₩75.32 Million/day ₩- ₩49.99 Billion ▼ -127 days
2019 1391 days ₩121.08 Billion ₩87.03 Million/day ₩- ₩49.87 Billion ▼ -279 days
2018 1670 days ₩145.16 Billion ₩86.91 Million/day ₩- ₩69.01 Billion ▲ +40 days
2017 1630 days ₩144.34 Billion ₩88.56 Million/day ₩- ₩91.87 Billion ▼ -44 days
2016 1674 days ₩160.32 Billion ₩95.76 Million/day ₩- ₩110.24 Billion ▲ +610 days
2015 1065 days ₩100.53 Billion ₩94.42 Million/day ₩- ₩50.05 Billion ▲ +39 days
2014 1025 days ₩57.24 Billion ₩55.82 Million/day ₩- ₩- ▲ +24 days
2013 1001 days ₩65.89 Billion ₩65.80 Million/day ₩- ₩2.00 Billion ▲ +87 days
2012 914 days ₩81.35 Billion ₩88.96 Million/day ₩- ₩11.32 Billion ▲ +302 days
2011 612 days ₩74.09 Billion ₩121.02 Million/day ₩- ₩3.00 Billion ▲ +21 days
2010 591 days ₩79.09 Billion ₩133.86 Million/day ₩- ₩22.04 Billion ▼ -32 days
2009 623 days ₩88.46 Billion ₩142.04 Million/day ₩- ₩32.90 Billion —
DIR = (Cash + Short-term Investments + Net Receivables) / (Daily Cash Expenses)