FSPG Hi-Tech Co Ltd (000973) — Defensive Interval Ratio

Latest as of September 2025: 298 days

FSPG Hi-Tech Co Ltd (000973) has a Defensive Interval Ratio of 298 days as of September 2025. Defensive assets of CN¥880.81 Million (cash CN¥-, short-term investments CN¥418.11 Million, receivables CN¥462.70 Million) cover 298 days of daily cash needs of CN¥2.96 Million/day.

Defensive Interval Ratio

298 days
Days of operational coverage

Defensive Assets

CN¥880.81 Million
Cash + ST Investments + Receivables

Daily Cash Need

CN¥2.96 Million
Current Liabilities ÷ 365

Current Liabilities

CN¥1.08 Billion
CNY

FSPG Hi-Tech Co Ltd Defensive Interval Ratio (1997–2024)

This chart shows how FSPG Hi-Tech Co Ltd's Defensive Interval Ratio has evolved across 28 annual periods from 1997 to 2024. As of September 2025, the ratio stands at 298 days, meaning defensive assets of CN¥880.81 Million can fund 298 days of operations without new revenue. For the complete balance sheet picture, see 000973 current and non-current assets.

Annual Defensive Interval Ratio for FSPG Hi-Tech Co Ltd (1997–2024)

The table below presents the year-by-year Defensive Interval Ratio for FSPG Hi-Tech Co Ltd from 1997 to 2024, covering 28 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 000973 net working capital ratio to evaluate short-term liquidity relative to the company's equity base.

Year DIR (days) Defensive Assets (CNY) Daily Cash Need Cash ST Investments Change (days)
2024 260 days CN¥611.20 Million CN¥2.35 Million/day CN¥- CN¥159.94 Million ▼ -47 days
2023 307 days CN¥635.41 Million CN¥2.07 Million/day CN¥- CN¥210.50 Million ▲ +30 days
2022 278 days CN¥575.79 Million CN¥2.07 Million/day CN¥- CN¥130.10 Million ▼ -21 days
2021 298 days CN¥588.17 Million CN¥1.97 Million/day CN¥- CN¥176.61 Million ▲ +80 days
2020 218 days CN¥437.91 Million CN¥2.01 Million/day CN¥- CN¥82.96 Million ▲ +105 days
2019 113 days CN¥365.62 Million CN¥3.24 Million/day CN¥- CN¥5.72 Million ▲ +62 days
2018 51 days CN¥359.89 Million CN¥7.12 Million/day CN¥- CN¥-6.33 Million ▼ -2 days
2017 53 days CN¥379.09 Million CN¥7.19 Million/day CN¥- CN¥-9.45 Million ▼ -57 days
2016 110 days CN¥366.38 Million CN¥3.33 Million/day CN¥- CN¥-3.26 Million ▲ +34 days
2015 76 days CN¥286.55 Million CN¥3.76 Million/day CN¥- CN¥0.00 ▼ -23 days
2014 100 days CN¥363.35 Million CN¥3.65 Million/day CN¥- CN¥- ▼ -2 days
2013 102 days CN¥344.15 Million CN¥3.39 Million/day CN¥- CN¥0.00 ▲ +26 days
2012 76 days CN¥385.24 Million CN¥5.07 Million/day CN¥- CN¥0.00 ▼ -8 days
2011 84 days CN¥619.42 Million CN¥7.42 Million/day CN¥- CN¥37.60 Million ▲ +10 days
2010 74 days CN¥485.73 Million CN¥6.57 Million/day CN¥- CN¥- ▼ -31 days
2009 105 days CN¥751.02 Million CN¥7.13 Million/day CN¥- CN¥- ▲ +60 days
2008 45 days CN¥323.26 Million CN¥7.13 Million/day CN¥- CN¥- ▲ +6 days
2007 39 days CN¥291.53 Million CN¥7.42 Million/day CN¥- CN¥- ▼ -12 days
2006 51 days CN¥401.62 Million CN¥7.88 Million/day CN¥- CN¥- ▼ -19 days
2005 70 days CN¥508.45 Million CN¥7.28 Million/day CN¥- CN¥1.20 Million ▼ -68 days
2004 138 days CN¥631.94 Million CN¥4.58 Million/day CN¥- CN¥1.20 Million ▼ -39 days
2003 177 days CN¥495.39 Million CN¥2.80 Million/day CN¥- CN¥500.00K ▲ +16 days
2002 161 days CN¥322.15 Million CN¥2.00 Million/day CN¥- CN¥8.00 Million ▲ +1 days
2001 160 days CN¥353.99 Million CN¥2.21 Million/day CN¥- CN¥- ▲ +150 days
2000 10 days CN¥20.68 Million CN¥2.17 Million/day CN¥- CN¥- ▲ +6 days
1999 4 days CN¥7.80 Million CN¥2.10 Million/day CN¥- CN¥- ▼ -1 days
1998 4 days CN¥8.91 Million CN¥2.02 Million/day CN¥- CN¥- ▲ +1 days
1997 4 days CN¥8.06 Million CN¥2.20 Million/day CN¥- CN¥- —
DIR = (Cash + Short-term Investments + Net Receivables) / (Daily Cash Expenses)