Ankit Metal & Power Limited (ANKITMETAL) — Defensive Interval Ratio

Latest as of September 2023: 12 days

Ankit Metal & Power Limited (ANKITMETAL) has a Defensive Interval Ratio of 12 days as of September 2023. Defensive assets of Rs724.09 Million (cash Rs10.98 Million, short-term investments Rs56.99 Million, receivables Rs656.12 Million) cover 12 days of daily cash needs of Rs60.12 Million/day.

Defensive Interval Ratio

12 days
Days of operational coverage

Defensive Assets

Rs724.09 Million
Cash + ST Investments + Receivables

Daily Cash Need

Rs60.12 Million
Current Liabilities ÷ 365

Current Liabilities

Rs21.94 Billion
INR

Ankit Metal & Power Limited Defensive Interval Ratio (2007–2023)

This chart shows how Ankit Metal & Power Limited's Defensive Interval Ratio has evolved across 17 annual periods from 2007 to 2023. As of September 2023, the ratio stands at 12 days, meaning defensive assets of Rs724.09 Million can fund 12 days of operations without new revenue. For the complete balance sheet picture, see Ankit Metal & Power Limited assets under control.

Annual Defensive Interval Ratio for Ankit Metal & Power Limited (2007–2023)

The table below presents the year-by-year Defensive Interval Ratio for Ankit Metal & Power Limited from 2007 to 2023, covering 17 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 Ankit Metal & Power Limited short-term liquidity ratio to evaluate short-term liquidity relative to the company's equity base.

Year DIR (days) Defensive Assets (INR) Daily Cash Need Cash ST Investments Change (days)
2023 12 days Rs682.80 Million Rs56.49 Million/day Rs10.94 Million Rs56.99 Million ▼ -6 days
2022 18 days Rs957.82 Million Rs53.00 Million/day Rs6.25 Million Rs242.00K ▼ -2 days
2021 20 days Rs979.90 Million Rs48.61 Million/day Rs8.75 Million Rs330.00K ▼ -13 days
2020 33 days Rs1.51 Billion Rs45.42 Million/day Rs5.99 Million Rs217.00K ▼ -23 days
2019 56 days Rs2.41 Billion Rs42.90 Million/day Rs6.24 Million Rs208.00K ▼ -21 days
2018 78 days Rs3.01 Billion Rs38.73 Million/day Rs21.98 Million Rs504.97 Million ▼ -43 days
2017 121 days Rs4.19 Billion Rs34.73 Million/day Rs26.50 Million Rs522.41 Million ▼ -10 days
2016 131 days Rs4.21 Billion Rs32.27 Million/day Rs- Rs75.92 Million ▼ -73 days
2015 203 days Rs4.85 Billion Rs23.85 Million/day Rs- Rs- ▲ +32 days
2014 171 days Rs4.38 Billion Rs25.62 Million/day Rs- Rs- ▼ -38 days
2013 209 days Rs3.73 Billion Rs17.85 Million/day Rs- Rs- ▼ -32 days
2012 241 days Rs2.85 Billion Rs11.86 Million/day Rs- Rs- ▼ -233 days
2011 473 days Rs2.06 Billion Rs4.34 Million/day Rs- Rs- ▼ -27 days
2010 501 days Rs1.42 Billion Rs2.83 Million/day Rs- Rs- ▲ +122 days
2009 379 days Rs1.10 Billion Rs2.91 Million/day Rs- Rs- ▼ -8 days
2008 386 days Rs738.67 Million Rs1.91 Million/day Rs- Rs- ▲ +136 days
2007 250 days Rs596.74 Million Rs2.38 Million/day Rs- Rs35.21 Million —
DIR = (Cash + Short-term Investments + Net Receivables) / (Daily Cash Expenses)