First Tractor Co Ltd Defensive Interval Ratio
First Tractor Co Ltd defensive interval ratio. First Tractor Co Ltd (601038) has a Defensive Interval Ratio of 272 days as of December 2025. Defensive assets of CN¥4.52 Billion (cash CN¥-, short-term investments CN¥3.89 Billion, receivables CN¥632.88 Million) cover 272 days of daily cash needs of CN¥16.65 Million/day. Explore First Tractor Co Ltd (601038) investment intensity to see how much of total assets are deployed in long-term investments.
Defensive Interval Ratio
Defensive Assets
Daily Cash Need
Current Liabilities
Defensive Interval Ratio of First Tractor Co Ltd (2004–2025)
Defensive interval ratio of First Tractor Co Ltd from 2004 to 2025. This chart shows how First Tractor Co Ltd's Defensive Interval Ratio has evolved across 22 annual periods from 2004 to 2025. As of December 2025, the ratio stands at 272 days, meaning defensive assets of CN¥4.52 Billion can fund 272 days of operations without new revenue. Read how much debt does First Tractor Co Ltd carry for a breakdown of total debt and financial obligations.
First Tractor Co Ltd Defensive Interval Ratio by Year (2004–2025)
First Tractor Co Ltd defensive interval ratio by year from 2004 to 2025. The table below presents the year-by-year Defensive Interval Ratio for First Tractor Co Ltd from 2004 to 2025, covering 22 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 the complete balance sheet picture, see 601038 current and non-current assets.
| Year | DIR (days) | Defensive Assets (CNY) | Daily Cash Need | Cash | ST Investments | Change (days) |
|---|---|---|---|---|---|---|
| 2025 | 272 days | CN¥4.52 Billion | CN¥16.65 Million/day | CN¥- | CN¥3.89 Billion | ▲ +97 days |
| 2024 | 175 days | CN¥3.11 Billion | CN¥17.80 Million/day | CN¥- | CN¥2.54 Billion | ▲ +82 days |
| 2023 | 93 days | CN¥1.54 Billion | CN¥16.56 Million/day | CN¥- | CN¥862.91 Million | ▼ -23 days |
| 2022 | 116 days | CN¥1.95 Billion | CN¥16.79 Million/day | CN¥- | CN¥1.25 Billion | ▼ -9 days |
| 2021 | 126 days | CN¥2.03 Billion | CN¥16.14 Million/day | CN¥- | CN¥1.40 Billion | ▼ -83 days |
| 2020 | 208 days | CN¥3.93 Billion | CN¥18.83 Million/day | CN¥- | CN¥2.87 Billion | ▲ +101 days |
| 2019 | 107 days | CN¥1.85 Billion | CN¥17.28 Million/day | CN¥- | CN¥980.39 Million | ▲ +6 days |
| 2018 | 101 days | CN¥1.99 Billion | CN¥19.68 Million/day | CN¥- | CN¥897.24 Million | ▲ +16 days |
| 2017 | 85 days | CN¥1.81 Billion | CN¥21.23 Million/day | CN¥- | CN¥40.48 Million | ▼ -22 days |
| 2016 | 107 days | CN¥1.76 Billion | CN¥16.41 Million/day | CN¥- | CN¥62.66 Million | ▲ +28 days |
| 2015 | 79 days | CN¥1.33 Billion | CN¥16.79 Million/day | CN¥- | CN¥414.87 Million | ▼ -87 days |
| 2014 | 166 days | CN¥2.40 Billion | CN¥14.46 Million/day | CN¥- | CN¥354.36 Million | ▲ +138 days |
| 2013 | 28 days | CN¥359.10 Million | CN¥12.70 Million/day | CN¥- | CN¥359.10 Million | ▼ -172 days |
| 2012 | 201 days | CN¥2.77 Billion | CN¥13.82 Million/day | CN¥- | CN¥306.80 Million | ▲ +9 days |
| 2011 | 191 days | CN¥2.66 Billion | CN¥13.91 Million/day | CN¥- | CN¥77.40 Million | ▼ -17 days |
| 2010 | 208 days | CN¥2.31 Billion | CN¥11.13 Million/day | CN¥- | CN¥251.99 Million | ▲ +204 days |
| 2009 | 4 days | CN¥28.94 Million | CN¥7.74 Million/day | CN¥- | CN¥28.94 Million | ▼ -212 days |
| 2008 | 216 days | CN¥1.55 Billion | CN¥7.16 Million/day | CN¥- | CN¥4.44 Million | ▼ -39 days |
| 2007 | 255 days | CN¥1.65 Billion | CN¥6.48 Million/day | CN¥- | CN¥47.37 Million | ▲ +34 days |
| 2006 | 221 days | CN¥1.46 Billion | CN¥6.63 Million/day | CN¥- | CN¥3.49 Million | ▼ -8 days |
| 2005 | 229 days | CN¥1.02 Billion | CN¥4.45 Million/day | CN¥- | CN¥3.58 Million | ▼ -24 days |
| 2004 | 253 days | CN¥980.25 Million | CN¥3.87 Million/day | CN¥- | CN¥19.66 Million | — |