China First Heavy Industries (601106) — Defensive Interval Ratio

Latest as of September 2025: 187 days

China First Heavy Industries (601106) has a Defensive Interval Ratio of 187 days as of September 2025. Defensive assets of CN¥10.27 Billion (cash CN¥-, short-term investments CN¥-, receivables CN¥10.27 Billion) cover 187 days of daily cash needs of CN¥55.01 Million/day.

Defensive Interval Ratio

187 days
Days of operational coverage

Defensive Assets

CN¥10.27 Billion
Cash + ST Investments + Receivables

Daily Cash Need

CN¥55.01 Million
Current Liabilities ÷ 365

Current Liabilities

CN¥20.08 Billion
CNY

China First Heavy Industries Defensive Interval Ratio (2008–2024)

This chart shows how China First Heavy Industries's Defensive Interval Ratio has evolved across 17 annual periods from 2008 to 2024. As of September 2025, the ratio stands at 187 days, meaning defensive assets of CN¥10.27 Billion can fund 187 days of operations without new revenue. For the complete balance sheet picture, see how large is China First Heavy Industries's balance sheet.

Annual Defensive Interval Ratio for China First Heavy Industries (2008–2024)

The table below presents the year-by-year Defensive Interval Ratio for China First Heavy Industries from 2008 to 2024, covering 17 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 601106 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 170 days CN¥11.01 Billion CN¥64.56 Million/day CN¥- CN¥- ▼ -103 days
2023 274 days CN¥14.28 Billion CN¥52.21 Million/day CN¥- CN¥- ▼ -53 days
2022 326 days CN¥18.49 Billion CN¥56.67 Million/day CN¥- CN¥- ▲ +62 days
2021 264 days CN¥14.07 Billion CN¥53.26 Million/day CN¥- CN¥- ▼ -30 days
2020 295 days CN¥11.50 Billion CN¥39.05 Million/day CN¥- CN¥- ▲ +44 days
2019 251 days CN¥13.57 Billion CN¥54.12 Million/day CN¥- CN¥- ▼ -64 days
2018 315 days CN¥14.67 Billion CN¥46.63 Million/day CN¥- CN¥- ▲ +12 days
2017 303 days CN¥14.10 Billion CN¥46.61 Million/day CN¥- CN¥2.00 Million ▲ +55 days
2016 247 days CN¥12.87 Billion CN¥52.01 Million/day CN¥- CN¥47.00 Million ▼ -100 days
2015 348 days CN¥16.16 Billion CN¥46.45 Million/day CN¥- CN¥1.75 Billion ▼ -90 days
2014 438 days CN¥16.94 Billion CN¥38.72 Million/day CN¥- CN¥3.90 Billion ▲ +105 days
2013 333 days CN¥10.73 Billion CN¥32.26 Million/day CN¥- CN¥- ▼ -20 days
2012 353 days CN¥12.36 Billion CN¥35.01 Million/day CN¥- CN¥- ▲ +57 days
2011 296 days CN¥11.06 Billion CN¥37.34 Million/day CN¥- CN¥- ▼ -11 days
2010 307 days CN¥8.70 Billion CN¥28.34 Million/day CN¥- CN¥- ▲ +145 days
2009 162 days CN¥6.46 Billion CN¥39.88 Million/day CN¥- CN¥- ▲ +56 days
2008 105 days CN¥3.87 Billion CN¥36.67 Million/day CN¥- CN¥- —
DIR = (Cash + Short-term Investments + Net Receivables) / (Daily Cash Expenses)