Shanghai Smith Adhesive New (603683) — Defensive Interval Ratio

Latest as of March 2026: 132 days

Shanghai Smith Adhesive New (603683) has a Defensive Interval Ratio of 132 days as of March 2026. Defensive assets of CN¥439.63 Million (cash CN¥-, short-term investments CN¥-, receivables CN¥439.63 Million) cover 132 days of daily cash needs of CN¥3.33 Million/day. Check 603683 goodwill-adjusted equity ratio to evaluate the tangible quality of the company's equity base.

Defensive Interval Ratio

132 days
Days of operational coverage

Defensive Assets

CN¥439.63 Million
Cash + ST Investments + Receivables

Daily Cash Need

CN¥3.33 Million
Current Liabilities ÷ 365

Current Liabilities

CN¥1.21 Billion
CNY

Shanghai Smith Adhesive New Defensive Interval Ratio (2012–2025)

This chart shows how Shanghai Smith Adhesive New's Defensive Interval Ratio has evolved across 14 annual periods from 2012 to 2025. As of March 2026, the ratio stands at 132 days, meaning defensive assets of CN¥439.63 Million can fund 132 days of operations without new revenue. Also explore 603683 net assets growth trend to track the company's year-over-year net asset growth rate.

Annual Defensive Interval Ratio for Shanghai Smith Adhesive New (2012–2025)

The table below presents the year-by-year Defensive Interval Ratio for Shanghai Smith Adhesive New 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. For live market cap and the full company financial profile, see Shanghai Smith Adhesive New (603683) market capitalisation.

Year DIR (days) Defensive Assets (CNY) Daily Cash Need Cash ST Investments Change (days)
2025 145 days CN¥467.19 Million CN¥3.22 Million/day CN¥- CN¥- ▼ -54 days
2024 199 days CN¥462.78 Million CN¥2.32 Million/day CN¥- CN¥38.17 Million ▼ -34 days
2023 233 days CN¥423.19 Million CN¥1.81 Million/day CN¥- CN¥95.00 Million ▲ +37 days
2022 196 days CN¥367.15 Million CN¥1.87 Million/day CN¥- CN¥89.38 Million ▲ +35 days
2021 162 days CN¥265.33 Million CN¥1.64 Million/day CN¥- CN¥50.41 Million ▲ +27 days
2020 134 days CN¥184.70 Million CN¥1.37 Million/day CN¥- CN¥- ▲ +17 days
2019 117 days CN¥161.26 Million CN¥1.38 Million/day CN¥- CN¥10.37 Million ▼ -9 days
2018 126 days CN¥145.03 Million CN¥1.15 Million/day CN¥- CN¥- ▼ -131 days
2017 257 days CN¥184.94 Million CN¥720.85K/day CN¥- CN¥80.00 Million ▲ +95 days
2016 161 days CN¥92.40 Million CN¥573.67K/day CN¥- CN¥- ▼ -17 days
2015 178 days CN¥68.52 Million CN¥384.09K/day CN¥- CN¥- ▼ -3 days
2014 181 days CN¥111.51 Million CN¥614.67K/day CN¥- CN¥40.49 Million ▲ +60 days
2013 121 days CN¥75.76 Million CN¥624.18K/day CN¥- CN¥15.00 Million ▲ +51 days
2012 70 days CN¥44.53 Million CN¥633.65K/day CN¥- CN¥- —
DIR = (Cash + Short-term Investments + Net Receivables) / (Daily Cash Expenses)