musicMagpie PLC (MMAG) — Defensive Interval Ratio

Latest as of May 2024: 105 days

musicMagpie PLC (MMAG) has a Defensive Interval Ratio of 105 days as of May 2024. Defensive assets of GBX2.23 Million (cash GBX-, short-term investments GBX-, receivables GBX2.23 Million) cover 105 days of daily cash needs of GBX21.22K/day. Check MMAG intangible-adjusted equity ratio to evaluate the tangible quality of the company's equity base.

Defensive Interval Ratio

105 days
Days of operational coverage

Defensive Assets

GBX2.23 Million
Cash + ST Investments + Receivables

Daily Cash Need

GBX21.22K
Current Liabilities ÷ 365

Current Liabilities

GBX7.75 Million
GBX

musicMagpie PLC Defensive Interval Ratio (2016–2023)

This chart shows how musicMagpie PLC's Defensive Interval Ratio has evolved across 8 annual periods from 2016 to 2023. As of May 2024, the ratio stands at 105 days, meaning defensive assets of GBX2.23 Million can fund 105 days of operations without new revenue. Also explore net asset momentum of musicMagpie PLC to track the company's year-over-year net asset growth rate.

Annual Defensive Interval Ratio for musicMagpie PLC (2016–2023)

The table below presents the year-by-year Defensive Interval Ratio for musicMagpie PLC from 2016 to 2023, covering 8 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 musicMagpie PLC market capitalisation.

Year DIR (days) Defensive Assets (GBX) Daily Cash Need Cash ST Investments Change (days)
2023 78 days GBX2.00 Million GBX25.67K/day GBX- GBX- ▼ -17 days
2022 95 days GBX2.60 Million GBX27.47K/day GBX- GBX- ▼ -56 days
2021 151 days GBX3.73 Million GBX24.64K/day GBX- GBX- ▲ +141 days
2020 10 days GBX528.00K GBX51.27K/day GBX- GBX- ▼ -49 days
2019 59 days GBX2.14 Million GBX36.08K/day GBX- GBX- ▼ -15 days
2018 74 days GBX2.53 Million GBX34.25K/day GBX- GBX- ▲ +63 days
2017 11 days GBX383.00K GBX33.59K/day GBX- GBX- ▼ -17 days
2016 29 days GBX782.00K GBX27.33K/day GBX- GBX- —
DIR = (Cash + Short-term Investments + Net Receivables) / (Daily Cash Expenses)