Changhae Ethanol Co. Ltd (004650) — Defensive Interval Ratio
Changhae Ethanol Co. Ltd (004650) has a Defensive Interval Ratio of 208 days as of September 2025. Defensive assets of ₩28.94 Billion (cash ₩-, short-term investments ₩5.00 Billion, receivables ₩23.94 Billion) cover 208 days of daily cash needs of ₩139.40 Million/day. Check tangible equity quality of Changhae Ethanol Co. Ltd to evaluate the tangible quality of the company's equity base.
Defensive Interval Ratio
Defensive Assets
Daily Cash Need
Current Liabilities
Changhae Ethanol Co. Ltd Defensive Interval Ratio (2014–2024)
This chart shows how Changhae Ethanol Co. Ltd's Defensive Interval Ratio has evolved across 11 annual periods from 2014 to 2024. As of September 2025, the ratio stands at 208 days, meaning defensive assets of ₩28.94 Billion can fund 208 days of operations without new revenue. Also explore 004650 net assets growth trend to track the company's year-over-year net asset growth rate.
Annual Defensive Interval Ratio for Changhae Ethanol Co. Ltd (2014–2024)
The table below presents the year-by-year Defensive Interval Ratio for Changhae Ethanol Co. Ltd 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. For live market cap and the full company financial profile, see 004650 market cap overview.
| Year | DIR (days) | Defensive Assets (KRW) | Daily Cash Need | Cash | ST Investments | Change (days) |
|---|---|---|---|---|---|---|
| 2024 | 228 days | ₩30.67 Billion | ₩134.71 Million/day | ₩6.45 Billion | ₩-470.00 | ▲ +55 days |
| 2023 | 172 days | ₩28.80 Billion | ₩167.06 Million/day | ₩3.69 Billion | ₩640.00 Million | ▼ -4 days |
| 2022 | 176 days | ₩27.38 Billion | ₩155.47 Million/day | ₩3.75 Billion | ₩-470.00 | ▼ -30 days |
| 2021 | 206 days | ₩27.74 Billion | ₩134.78 Million/day | ₩5.00 Billion | ₩230.00 | ▲ +22 days |
| 2020 | 184 days | ₩29.01 Billion | ₩157.75 Million/day | ₩5.97 Billion | ₩130.00 | ▼ -27 days |
| 2019 | 210 days | ₩34.60 Billion | ₩164.42 Million/day | ₩6.78 Billion | ₩660.00 | ▲ +19 days |
| 2018 | 191 days | ₩76.11 Billion | ₩398.58 Million/day | ₩13.21 Billion | ₩1.60 Billion | ▲ +38 days |
| 2017 | 153 days | ₩66.89 Billion | ₩437.63 Million/day | ₩9.96 Billion | ₩537.51 Million | ▲ +7 days |
| 2016 | 146 days | ₩67.17 Billion | ₩460.93 Million/day | ₩14.42 Billion | ₩981.04 Million | ▼ -55 days |
| 2015 | 201 days | ₩67.53 Billion | ₩336.77 Million/day | ₩- | ₩20.97 Billion | ▼ -14 days |
| 2014 | 215 days | ₩66.52 Billion | ₩309.97 Million/day | ₩- | ₩11.76 Billion | — |