Xiangpiaopiao Food Co Ltd (603711) — Defensive Interval Ratio

Latest as of September 2025: 126 days

Xiangpiaopiao Food Co Ltd (603711) has a Defensive Interval Ratio of 126 days as of September 2025. Defensive assets of CN¥464.41 Million (cash CN¥-, short-term investments CN¥424.12 Million, receivables CN¥40.29 Million) cover 126 days of daily cash needs of CN¥3.69 Million/day.

Defensive Interval Ratio

126 days
Days of operational coverage

Defensive Assets

CN¥464.41 Million
Cash + ST Investments + Receivables

Daily Cash Need

CN¥3.69 Million
Current Liabilities ÷ 365

Current Liabilities

CN¥1.35 Billion
CNY

Xiangpiaopiao Food Co Ltd Defensive Interval Ratio (2012–2024)

This chart shows how Xiangpiaopiao Food Co Ltd's Defensive Interval Ratio has evolved across 13 annual periods from 2012 to 2024. As of September 2025, the ratio stands at 126 days, meaning defensive assets of CN¥464.41 Million can fund 126 days of operations without new revenue. For the complete balance sheet picture, see 603711 asset base.

Annual Defensive Interval Ratio for Xiangpiaopiao Food Co Ltd (2012–2024)

The table below presents the year-by-year Defensive Interval Ratio for Xiangpiaopiao Food Co Ltd from 2012 to 2024, covering 13 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 position of Xiangpiaopiao Food 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)
2024 71 days CN¥250.23 Million CN¥3.54 Million/day CN¥- CN¥179.40 Million ▲ +11 days
2023 59 days CN¥289.56 Million CN¥4.89 Million/day CN¥- CN¥231.82 Million ▲ +8 days
2022 51 days CN¥258.05 Million CN¥5.04 Million/day CN¥- CN¥185.51 Million ▼ -5 days
2021 56 days CN¥299.06 Million CN¥5.33 Million/day CN¥- CN¥246.75 Million ▼ -126 days
2020 182 days CN¥907.33 Million CN¥4.98 Million/day CN¥- CN¥858.57 Million ▲ +46 days
2019 136 days CN¥485.37 Million CN¥3.58 Million/day CN¥- CN¥409.78 Million ▲ +117 days
2018 19 days CN¥55.79 Million CN¥2.96 Million/day CN¥- CN¥- ▼ -97 days
2017 116 days CN¥234.19 Million CN¥2.02 Million/day CN¥- CN¥125.00 Million ▲ +82 days
2016 34 days CN¥78.21 Million CN¥2.29 Million/day CN¥- CN¥35.00 Million ▼ -10 days
2015 45 days CN¥81.87 Million CN¥1.84 Million/day CN¥- CN¥40.00 Million ▼ -94 days
2014 138 days CN¥289.30 Million CN¥2.09 Million/day CN¥- CN¥277.00 Million ▲ +137 days
2013 2 days CN¥3.35 Million CN¥2.16 Million/day CN¥- CN¥- ▼ -16 days
2012 17 days CN¥40.46 Million CN¥2.35 Million/day CN¥- CN¥- —
DIR = (Cash + Short-term Investments + Net Receivables) / (Daily Cash Expenses)