Canna Global Acquisition Corp (CNGL) — Defensive Interval Ratio
Canna Global Acquisition Corp (CNGL) has a Defensive Interval Ratio of 1182 days as of March 2024. Defensive assets of $12.30 Million (cash $-, short-term investments $12.30 Million, receivables $-) cover 1182 days of daily cash needs of $10.41K/day. Check tangible equity quality of Canna Global Acquisition Corp to evaluate the tangible quality of the company's equity base.
Defensive Interval Ratio
Defensive Assets
Daily Cash Need
Current Liabilities
Canna Global Acquisition Corp Defensive Interval Ratio (2021–2023)
This chart shows how Canna Global Acquisition Corp's Defensive Interval Ratio has evolved across 3 annual periods from 2021 to 2023. As of March 2024, the ratio stands at 1182 days, meaning defensive assets of $12.30 Million can fund 1182 days of operations without new revenue. Also explore CNGL net assets growth trend to track the company's year-over-year net asset growth rate.
Annual Defensive Interval Ratio for Canna Global Acquisition Corp (2021–2023)
The table below presents the year-by-year Defensive Interval Ratio for Canna Global Acquisition Corp from 2021 to 2023, covering 3 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 Canna Global Acquisition Corp (CNGL) market capitalisation.
| Year | DIR (days) | Defensive Assets (USD) | Daily Cash Need | Cash | ST Investments | Change (days) |
|---|---|---|---|---|---|---|
| 2023 | 1326 days | $12.30 Million | $9.28K/day | $- | $12.30 Million | ▼ -5534 days |
| 2022 | 6860 days | $24.62 Million | $3.59K/day | $- | $24.60 Million | ▲ +6826 days |
| 2021 | 34 days | $25.00K | $730.42/day | $- | $- | — |