Sunworks Inc (SUNWQ) — Defensive Interval Ratio
Sunworks Inc (SUNWQ) has a Defensive Interval Ratio of 249 days as of September 2023. Defensive assets of $27.17 Million (cash $-, short-term investments $250.00K, receivables $26.92 Million) cover 249 days of daily cash needs of $109.31K/day. Check Sunworks Inc (SUNWQ) tangible net worth to evaluate the tangible quality of the company's equity base.
Defensive Interval Ratio
Defensive Assets
Daily Cash Need
Current Liabilities
Sunworks Inc Defensive Interval Ratio (2016–2022)
This chart shows how Sunworks Inc's Defensive Interval Ratio has evolved across 7 annual periods from 2016 to 2022. As of September 2023, the ratio stands at 249 days, meaning defensive assets of $27.17 Million can fund 249 days of operations without new revenue. Also explore net asset growth rate of Sunworks Inc to track the company's year-over-year net asset growth rate.
Annual Defensive Interval Ratio for Sunworks Inc (2016–2022)
The table below presents the year-by-year Defensive Interval Ratio for Sunworks Inc from 2016 to 2022, covering 7 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 market cap of Sunworks Inc.
| Year | DIR (days) | Defensive Assets (USD) | Daily Cash Need | Cash | ST Investments | Change (days) |
|---|---|---|---|---|---|---|
| 2022 | 248 days | $34.82 Million | $140.43K/day | $- | $248.00K | ▼ -33 days |
| 2021 | 281 days | $19.07 Million | $67.79K/day | $- | $- | ▲ +153 days |
| 2020 | 128 days | $5.29 Million | $41.24K/day | $- | $- | ▼ -128 days |
| 2019 | 256 days | $12.47 Million | $48.75K/day | $- | $- | ▼ -35 days |
| 2018 | 291 days | $14.35 Million | $49.37K/day | $- | $- | ▲ +62 days |
| 2017 | 229 days | $15.12 Million | $66.08K/day | $- | $- | ▼ -37 days |
| 2016 | 265 days | $13.97 Million | $52.65K/day | $- | $- | — |