Processa Pharmaceuticals Inc (PCSA) — Defensive Interval Ratio
Processa Pharmaceuticals Inc (PCSA) has a Defensive Interval Ratio of 8 days as of March 2024. Defensive assets of $22.30K (cash $-, short-term investments $-, receivables $22.30K) cover 8 days of daily cash needs of $2.77K/day.
Defensive Interval Ratio
Defensive Assets
Daily Cash Need
Current Liabilities
Processa Pharmaceuticals Inc Defensive Interval Ratio (2011–2021)
This chart shows how Processa Pharmaceuticals Inc's Defensive Interval Ratio has evolved across 10 annual periods from 2011 to 2021. As of March 2024, the ratio stands at 8 days, meaning defensive assets of $22.30K can fund 8 days of operations without new revenue. For the complete balance sheet picture, see Processa Pharmaceuticals Inc balance sheet assets.
Annual Defensive Interval Ratio for Processa Pharmaceuticals Inc (2011–2021)
The table below presents the year-by-year Defensive Interval Ratio for Processa Pharmaceuticals Inc from 2011 to 2021, covering 10 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 Processa Pharmaceuticals Inc's working capital to evaluate short-term liquidity relative to the company's equity base.
| Year | DIR (days) | Defensive Assets (USD) | Daily Cash Need | Cash | ST Investments | Change (days) |
|---|---|---|---|---|---|---|
| 2021 | 26 days | $70.27K | $2.66K/day | $- | $- | ▼ -43 days |
| 2020 | 69 days | $231.75K | $3.35K/day | $- | $- | ▲ +57 days |
| 2018 | 12 days | $21.58K | $1.77K/day | $- | $0.00 | ▼ -140 days |
| 2017 | 152 days | $1.08 Million | $7.12K/day | $- | $1.02 Million | ▼ -27 days |
| 2016 | 179 days | $1.02 Million | $5.71K/day | $- | $1.02 Million | ▲ +179 days |
| 2015 | 0 days | $0.00 | $5.71K/day | $- | $0.00 | ▼ -1 days |
| 2014 | 1 days | $1.31K | $2.30K/day | $- | $- | ▼ -6 days |
| 2013 | 6 days | $19.20K | $3.07K/day | $- | $- | ▼ -9 days |
| 2012 | 16 days | $30.45K | $1.96K/day | $- | $- | ▲ +5 days |
| 2011 | 10 days | $9.50K | $905.81/day | $- | $- | — |