Panda Dairy Corp (300898) — Defensive Interval Ratio

Latest as of March 2026: 1703 days

Panda Dairy Corp (300898) has a Defensive Interval Ratio of 1703 days as of March 2026. Defensive assets of CN¥405.36 Million (cash CN¥-, short-term investments CN¥360.64 Million, receivables CN¥44.71 Million) cover 1703 days of daily cash needs of CN¥237.98K/day.

Defensive Interval Ratio

1703 days
Days of operational coverage

Defensive Assets

CN¥405.36 Million
Cash + ST Investments + Receivables

Daily Cash Need

CN¥237.98K
Current Liabilities ÷ 365

Current Liabilities

CN¥86.86 Million
CNY

Panda Dairy Corp Defensive Interval Ratio (2012–2025)

This chart shows how Panda Dairy Corp's Defensive Interval Ratio has evolved across 14 annual periods from 2012 to 2025. As of March 2026, the ratio stands at 1703 days, meaning defensive assets of CN¥405.36 Million can fund 1703 days of operations without new revenue. For the complete balance sheet picture, see Panda Dairy Corp assets under control.

Annual Defensive Interval Ratio for Panda Dairy Corp (2012–2025)

The table below presents the year-by-year Defensive Interval Ratio for Panda Dairy Corp from 2012 to 2025, covering 14 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 300898 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)
2025 1292 days CN¥406.09 Million CN¥314.26K/day CN¥- CN¥350.45 Million ▼ -165 days
2024 1457 days CN¥363.41 Million CN¥249.45K/day CN¥- CN¥324.79 Million ▲ +760 days
2023 697 days CN¥331.28 Million CN¥475.25K/day CN¥- CN¥295.35 Million ▲ +254 days
2022 443 days CN¥241.86 Million CN¥546.19K/day CN¥- CN¥202.89 Million ▼ -166 days
2021 608 days CN¥362.40 Million CN¥595.60K/day CN¥- CN¥334.46 Million ▲ +51 days
2020 558 days CN¥309.70 Million CN¥555.28K/day CN¥- CN¥279.52 Million ▼ -89 days
2019 647 days CN¥143.50 Million CN¥221.75K/day CN¥- CN¥106.35 Million ▲ +469 days
2018 178 days CN¥35.96 Million CN¥202.22K/day CN¥- CN¥- ▼ -30 days
2017 208 days CN¥44.81 Million CN¥215.45K/day CN¥- CN¥- ▲ +94 days
2016 114 days CN¥15.93 Million CN¥139.76K/day CN¥- CN¥- ▲ +54 days
2015 60 days CN¥17.49 Million CN¥289.92K/day CN¥- CN¥- ▲ +34 days
2014 26 days CN¥7.99 Million CN¥305.94K/day CN¥- CN¥- ▼ -27 days
2013 53 days CN¥19.99 Million CN¥379.50K/day CN¥- CN¥- ▼ -153 days
2012 206 days CN¥106.57 Million CN¥518.30K/day CN¥- CN¥- —
DIR = (Cash + Short-term Investments + Net Receivables) / (Daily Cash Expenses)