musicMagpie PLC (MMAG) — Defensive Interval Ratio
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.
Defensive Interval Ratio
Defensive Assets
Daily Cash Need
Current Liabilities
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. For the complete balance sheet picture, see MMAG total asset value.
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. See MMAG working capital ratio to evaluate short-term liquidity relative to the company's equity base.
| 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- | — |