China Tungsten and Hightech Materials Co Ltd (000657) — Defensive Interval Ratio

Latest as of March 2026: 88 days

China Tungsten and Hightech Materials Co Ltd (000657) has a Defensive Interval Ratio of 88 days as of March 2026. Defensive assets of CN¥3.43 Billion (cash CN¥-, short-term investments CN¥2.66K, receivables CN¥3.43 Billion) cover 88 days of daily cash needs of CN¥38.75 Million/day. Check tangible equity quality of China Tungsten and Hightech Materials Co to evaluate the tangible quality of the company's equity base.

Defensive Interval Ratio

88 days
Days of operational coverage

Defensive Assets

CN¥3.43 Billion
Cash + ST Investments + Receivables

Daily Cash Need

CN¥38.75 Million
Current Liabilities ÷ 365

Current Liabilities

CN¥14.14 Billion
CNY

China Tungsten and Hightech Materials Co Ltd Defensive Interval Ratio (1995–2025)

This chart shows how China Tungsten and Hightech Materials Co Ltd's Defensive Interval Ratio has evolved across 31 annual periods from 1995 to 2025. As of March 2026, the ratio stands at 88 days, meaning defensive assets of CN¥3.43 Billion can fund 88 days of operations without new revenue. Also explore net asset growth rate of China Tungsten and Hightech Materials Co to track the company's year-over-year net asset growth rate.

Annual Defensive Interval Ratio for China Tungsten and Hightech Materials Co Ltd (1995–2025)

The table below presents the year-by-year Defensive Interval Ratio for China Tungsten and Hightech Materials Co Ltd from 1995 to 2025, covering 31 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 000657 stock market capitalisation.

Year DIR (days) Defensive Assets (CNY) Daily Cash Need Cash ST Investments Change (days)
2025 81 days CN¥1.97 Billion CN¥24.18 Million/day CN¥- CN¥1.47 Million ▼ -172 days
2024 253 days CN¥4.65 Billion CN¥18.37 Million/day CN¥- CN¥147.06K ▼ -20 days
2023 274 days CN¥4.05 Billion CN¥14.80 Million/day CN¥- CN¥1.36 Million ▼ -25 days
2022 298 days CN¥3.24 Billion CN¥10.85 Million/day CN¥- CN¥701.17K ▲ +81 days
2021 218 days CN¥1.69 Billion CN¥7.77 Million/day CN¥- CN¥- ▲ +5 days
2020 213 days CN¥1.65 Billion CN¥7.75 Million/day CN¥- CN¥- ▲ +42 days
2019 171 days CN¥1.50 Billion CN¥8.77 Million/day CN¥- CN¥- ▲ +20 days
2018 150 days CN¥1.23 Billion CN¥8.17 Million/day CN¥- CN¥- ▼ -10 days
2017 160 days CN¥1.27 Billion CN¥7.90 Million/day CN¥- CN¥- ▲ +3 days
2016 157 days CN¥1.09 Billion CN¥6.92 Million/day CN¥- CN¥- ▼ -29 days
2015 186 days CN¥1.27 Billion CN¥6.83 Million/day CN¥- CN¥- ▲ +24 days
2014 162 days CN¥1.36 Billion CN¥8.40 Million/day CN¥- CN¥- ▲ +48 days
2013 114 days CN¥1.34 Billion CN¥11.73 Million/day CN¥- CN¥- ▼ -18 days
2012 133 days CN¥1.72 Billion CN¥12.97 Million/day CN¥- CN¥94.27K ▲ +129 days
2011 3 days CN¥486.98K CN¥139.53K/day CN¥- CN¥- ▼ -5 days
2010 9 days CN¥922.18K CN¥105.41K/day CN¥- CN¥- ▼ -74 days
2009 83 days CN¥29.51 Million CN¥355.61K/day CN¥- CN¥- ▼ -58 days
2008 141 days CN¥40.47 Million CN¥287.20K/day CN¥- CN¥- ▲ +135 days
2007 6 days CN¥8.54 Million CN¥1.38 Million/day CN¥- CN¥5.25 Million ▼ -58 days
2006 64 days CN¥81.02 Million CN¥1.26 Million/day CN¥- CN¥- ▼ -112 days
2005 177 days CN¥270.05 Million CN¥1.53 Million/day CN¥- CN¥250.00K ▼ -7 days
2004 183 days CN¥293.60 Million CN¥1.60 Million/day CN¥- CN¥- ▼ -92 days
2003 276 days CN¥343.42 Million CN¥1.25 Million/day CN¥- CN¥- ▲ +58 days
2002 218 days CN¥250.59 Million CN¥1.15 Million/day CN¥- CN¥268.49K ▲ +87 days
2001 131 days CN¥157.16 Million CN¥1.20 Million/day CN¥- CN¥1.11 Million ▼ -70 days
2000 201 days CN¥207.38 Million CN¥1.03 Million/day CN¥- CN¥3.87 Million ▲ +183 days
1999 19 days CN¥17.84 Million CN¥957.25K/day CN¥- CN¥3.69 Million ▼ -207 days
1998 226 days CN¥134.83 Million CN¥597.71K/day CN¥- CN¥- ▼ -102 days
1997 328 days CN¥114.13 Million CN¥348.34K/day CN¥- CN¥2.00 Million ▲ +31 days
1996 297 days CN¥108.88 Million CN¥366.48K/day CN¥- CN¥4.08 Million ▲ +69 days
1995 228 days CN¥63.81 Million CN¥279.78K/day CN¥- CN¥1.88 Million —
DIR = (Cash + Short-term Investments + Net Receivables) / (Daily Cash Expenses)