New Hope Dairy Co Ltd (002946) — Defensive Interval Ratio

Latest as of September 2025: 96 days

New Hope Dairy Co Ltd (002946) has a Defensive Interval Ratio of 96 days as of September 2025. Defensive assets of CN¥1.05 Billion (cash CN¥-, short-term investments CN¥212.25 Million, receivables CN¥833.43 Million) cover 96 days of daily cash needs of CN¥10.84 Million/day.

Defensive Interval Ratio

96 days
Days of operational coverage

Defensive Assets

CN¥1.05 Billion
Cash + ST Investments + Receivables

Daily Cash Need

CN¥10.84 Million
Current Liabilities ÷ 365

Current Liabilities

CN¥3.96 Billion
CNY

New Hope Dairy Co Ltd Defensive Interval Ratio (2014–2024)

This chart shows how New Hope Dairy Co Ltd's Defensive Interval Ratio has evolved across 11 annual periods from 2014 to 2024. As of September 2025, the ratio stands at 96 days, meaning defensive assets of CN¥1.05 Billion can fund 96 days of operations without new revenue. For the complete balance sheet picture, see 002946 total asset value.

Annual Defensive Interval Ratio for New Hope Dairy Co Ltd (2014–2024)

The table below presents the year-by-year Defensive Interval Ratio for New Hope Dairy Co Ltd from 2014 to 2024, covering 11 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 New Hope Dairy Co Ltd short-term liquidity 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 78 days CN¥796.90 Million CN¥10.22 Million/day CN¥- CN¥147.61 Million ▲ +8 days
2023 70 days CN¥769.04 Million CN¥11.01 Million/day CN¥- CN¥52.00 Million ▲ +16 days
2022 54 days CN¥633.90 Million CN¥11.67 Million/day CN¥- CN¥- ▼ -2 days
2021 57 days CN¥666.60 Million CN¥11.77 Million/day CN¥- CN¥- ▼ -19 days
2020 75 days CN¥711.61 Million CN¥9.44 Million/day CN¥- CN¥140.72 Million ▲ +17 days
2019 59 days CN¥440.40 Million CN¥7.49 Million/day CN¥- CN¥6.00 Million ▼ -7 days
2018 66 days CN¥414.04 Million CN¥6.28 Million/day CN¥- CN¥- ▼ -4 days
2017 70 days CN¥508.88 Million CN¥7.25 Million/day CN¥- CN¥60.00 Million ▲ +37 days
2016 33 days CN¥252.78 Million CN¥7.65 Million/day CN¥- CN¥- ▼ -1 days
2015 34 days CN¥241.10 Million CN¥7.06 Million/day CN¥- CN¥- ▼ -59 days
2014 93 days CN¥596.40 Million CN¥6.42 Million/day CN¥- CN¥- —
DIR = (Cash + Short-term Investments + Net Receivables) / (Daily Cash Expenses)