Tongwei Co Ltd (600438) — Defensive Interval Ratio

Latest as of March 2026: 94 days

Tongwei Co Ltd (600438) has a Defensive Interval Ratio of 94 days as of March 2026. Defensive assets of CN¥16.09 Billion (cash CN¥-, short-term investments CN¥8.80 Billion, receivables CN¥7.29 Billion) cover 94 days of daily cash needs of CN¥171.64 Million/day.

Defensive Interval Ratio

94 days
Days of operational coverage

Defensive Assets

CN¥16.09 Billion
Cash + ST Investments + Receivables

Daily Cash Need

CN¥171.64 Million
Current Liabilities ÷ 365

Current Liabilities

CN¥62.65 Billion
CNY

Tongwei Co Ltd Defensive Interval Ratio (2000–2025)

This chart shows how Tongwei Co Ltd's Defensive Interval Ratio has evolved across 26 annual periods from 2000 to 2025. As of March 2026, the ratio stands at 94 days, meaning defensive assets of CN¥16.09 Billion can fund 94 days of operations without new revenue. For the complete balance sheet picture, see 600438 total assets.

Annual Defensive Interval Ratio for Tongwei Co Ltd (2000–2025)

The table below presents the year-by-year Defensive Interval Ratio for Tongwei Co Ltd from 2000 to 2025, covering 26 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 working capital to net assets of Tongwei Co Ltd 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 137 days CN¥20.91 Billion CN¥152.78 Million/day CN¥- CN¥14.05 Billion ▼ -58 days
2024 194 days CN¥30.13 Billion CN¥154.90 Million/day CN¥- CN¥12.87 Billion ▼ -105 days
2023 299 days CN¥32.27 Billion CN¥107.78 Million/day CN¥- CN¥10.06 Billion ▲ +49 days
2022 250 days CN¥24.92 Billion CN¥99.61 Million/day CN¥- CN¥4.30 Billion ▲ +36 days
2021 214 days CN¥16.63 Billion CN¥77.70 Million/day CN¥- CN¥10.62 Million ▼ -25 days
2020 239 days CN¥14.63 Billion CN¥61.32 Million/day CN¥- CN¥1.53 Billion ▲ +89 days
2019 150 days CN¥7.33 Billion CN¥48.89 Million/day CN¥- CN¥- ▲ +96 days
2018 54 days CN¥2.75 Billion CN¥51.39 Million/day CN¥- CN¥- ▼ -36 days
2017 90 days CN¥2.28 Billion CN¥25.47 Million/day CN¥- CN¥630.00 Million ▲ +19 days
2016 71 days CN¥1.53 Billion CN¥21.70 Million/day CN¥- CN¥1.01 Million ▼ -2 days
2015 72 days CN¥535.22 Million CN¥7.39 Million/day CN¥- CN¥17.95 Million ▲ +12 days
2014 60 days CN¥500.31 Million CN¥8.28 Million/day CN¥- CN¥21.42 Million ▼ -26 days
2013 86 days CN¥567.02 Million CN¥6.57 Million/day CN¥- CN¥62.27 Million ▲ +33 days
2012 53 days CN¥322.10 Million CN¥6.04 Million/day CN¥- CN¥- ▼ -28 days
2011 82 days CN¥446.86 Million CN¥5.46 Million/day CN¥- CN¥- ▼ -1 days
2010 83 days CN¥439.23 Million CN¥5.31 Million/day CN¥- CN¥- ▲ +38 days
2009 45 days CN¥356.03 Million CN¥7.98 Million/day CN¥- CN¥- ▲ +7 days
2008 37 days CN¥301.95 Million CN¥8.09 Million/day CN¥- CN¥- ▼ -58 days
2007 95 days CN¥490.61 Million CN¥5.15 Million/day CN¥- CN¥- ▲ +30 days
2006 65 days CN¥236.87 Million CN¥3.62 Million/day CN¥- CN¥- ▲ +56 days
2005 9 days CN¥13.34 Million CN¥1.45 Million/day CN¥- CN¥- ▼ -25 days
2004 35 days CN¥22.38 Million CN¥645.51K/day CN¥- CN¥- ▼ -6 days
2003 40 days CN¥25.92 Million CN¥643.50K/day CN¥- CN¥- ▲ +1 days
2002 39 days CN¥21.48 Million CN¥551.28K/day CN¥- CN¥- ▼ -55 days
2001 94 days CN¥70.15 Million CN¥746.74K/day CN¥- CN¥- ▼ -279 days
2000 373 days CN¥106.39 Million CN¥285.19K/day CN¥- CN¥- —
DIR = (Cash + Short-term Investments + Net Receivables) / (Daily Cash Expenses)