Montanaro European Smaller Companies Trust plc (MTE) — Defensive Interval Ratio

Latest as of September 2024: 302 days

Montanaro European Smaller Companies Trust plc (MTE) has a Defensive Interval Ratio of 302 days as of September 2024. Defensive assets of GBX812.00K (cash GBX-, short-term investments GBX-, receivables GBX812.00K) cover 302 days of daily cash needs of GBX2.69K/day. See MTE working capital ratio to evaluate short-term liquidity relative to the company's equity base.

Defensive Interval Ratio

302 days
Days of operational coverage

Defensive Assets

GBX812.00K
Cash + ST Investments + Receivables

Daily Cash Need

GBX2.69K
Current Liabilities ÷ 365

Current Liabilities

GBX983.00K
GBX

Montanaro European Smaller Companies Trust plc Defensive Interval Ratio (2004–2024)

This chart shows how Montanaro European Smaller Companies Trust plc's Defensive Interval Ratio has evolved across 21 annual periods from 2004 to 2024. As of September 2024, the ratio stands at 302 days, meaning defensive assets of GBX812.00K can fund 302 days of operations without new revenue. See MTE net asset quality index to measure how much of total assets are equity-financed.

Annual Defensive Interval Ratio for Montanaro European Smaller Companies Trust plc (2004–2024)

The table below presents the year-by-year Defensive Interval Ratio for Montanaro European Smaller Companies Trust plc from 2004 to 2024, covering 21 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 MTE stock market capitalisation.

Year DIR (days) Defensive Assets (GBX) Daily Cash Need Cash ST Investments Change (days)
2024 151 days GBX664.00K GBX4.41K/day GBX- GBX- ▲ +137 days
2023 14 days GBX535.00K GBX39.56K/day GBX- GBX- ▲ +9 days
2022 4 days GBX109.00K GBX25.31K/day GBX- GBX- ▼ -74 days
2021 78 days GBX121.00K GBX1.55K/day GBX- GBX- ▲ +58 days
2020 20 days GBX62.00K GBX3.03K/day GBX- GBX- ▼ -962 days
2019 982 days GBX549.00K GBX558.90/day GBX- GBX- ▼ -56 days
2018 1039 days GBX572.00K GBX550.68/day GBX- GBX- ▲ +408 days
2017 631 days GBX470.00K GBX745.21/day GBX- GBX- ▼ -200 days
2016 831 days GBX792.00K GBX953.42/day GBX- GBX- ▼ -71 days
2015 901 days GBX442.00K GBX490.41/day GBX- GBX- ▲ +856 days
2014 45 days GBX153.00K GBX3.39K/day GBX- GBX- ▲ +41 days
2013 4 days GBX135.00K GBX35.55K/day GBX- GBX- ▲ +2 days
2012 1 days GBX52.00K GBX34.84K/day GBX- GBX- ▼ -5 days
2011 7 days GBX244.00K GBX37.47K/day GBX- GBX- ▼ -7 days
2010 14 days GBX375.00K GBX27.38K/day GBX- GBX- ▼ -36 days
2009 50 days GBX393.00K GBX7.91K/day GBX- GBX- ▲ +42 days
2008 7 days GBX223.00K GBX30.00K/day GBX- GBX- ▼ -6 days
2007 13 days GBX376.00K GBX28.46K/day GBX- GBX- ▲ +1 days
2006 12 days GBX221.00K GBX18.09K/day GBX- GBX- ▼ -9 days
2005 21 days GBX456.00K GBX21.34K/day GBX- GBX- ▲ +11 days
2004 11 days GBX237.00K GBX21.92K/day GBX- GBX- —
DIR = (Cash + Short-term Investments + Net Receivables) / (Daily Cash Expenses)