Hangzhou First PV Material Co Ltd (603806) — Defensive Interval Ratio

Latest as of September 2025: 3137 days

Hangzhou First PV Material Co Ltd (603806) has a Defensive Interval Ratio of 3137 days as of September 2025. Defensive assets of CN¥10.02 Billion (cash CN¥-, short-term investments CN¥3.91 Billion, receivables CN¥6.11 Billion) cover 3137 days of daily cash needs of CN¥3.19 Million/day. Check how tangible is Hangzhou First PV Material Co Ltd's equity to evaluate the tangible quality of the company's equity base.

Defensive Interval Ratio

3137 days
Days of operational coverage

Defensive Assets

CN¥10.02 Billion
Cash + ST Investments + Receivables

Daily Cash Need

CN¥3.19 Million
Current Liabilities ÷ 365

Current Liabilities

CN¥1.17 Billion
CNY

Hangzhou First PV Material Co Ltd Defensive Interval Ratio (2011–2024)

This chart shows how Hangzhou First PV Material Co Ltd's Defensive Interval Ratio has evolved across 14 annual periods from 2011 to 2024. As of September 2025, the ratio stands at 3137 days, meaning defensive assets of CN¥10.02 Billion can fund 3137 days of operations without new revenue. Also explore Hangzhou First PV Material Co Ltd equity growth rate to track the company's year-over-year net asset growth rate.

Annual Defensive Interval Ratio for Hangzhou First PV Material Co Ltd (2011–2024)

The table below presents the year-by-year Defensive Interval Ratio for Hangzhou First PV Material Co Ltd from 2011 to 2024, 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 Hangzhou First PV Material Co Ltd market cap and net worth.

Year DIR (days) Defensive Assets (CNY) Daily Cash Need Cash ST Investments Change (days)
2024 2139 days CN¥8.53 Billion CN¥3.99 Million/day CN¥- CN¥2.62 Billion ▲ +1171 days
2023 969 days CN¥8.70 Billion CN¥8.98 Million/day CN¥- CN¥- ▲ +350 days
2022 619 days CN¥6.11 Billion CN¥9.87 Million/day CN¥- CN¥2.81 Million ▼ -647 days
2021 1266 days CN¥5.06 Billion CN¥4.00 Million/day CN¥- CN¥102.48 Million ▼ -261 days
2020 1527 days CN¥4.73 Billion CN¥3.10 Million/day CN¥- CN¥501.30 Million ▼ -51 days
2019 1578 days CN¥3.72 Billion CN¥2.36 Million/day CN¥- CN¥676.86 Million ▲ +434 days
2018 1144 days CN¥2.77 Billion CN¥2.43 Million/day CN¥- CN¥1.15 Million ▼ -208 days
2017 1352 days CN¥2.45 Billion CN¥1.81 Million/day CN¥- CN¥1.05 Million ▼ -702 days
2016 2054 days CN¥3.59 Billion CN¥1.75 Million/day CN¥- CN¥1.56 Billion ▲ +49 days
2015 2005 days CN¥3.01 Billion CN¥1.50 Million/day CN¥- CN¥1.39 Billion ▼ -525 days
2014 2530 days CN¥3.03 Billion CN¥1.20 Million/day CN¥- CN¥1.74 Billion ▲ +1628 days
2013 902 days CN¥1.07 Billion CN¥1.19 Million/day CN¥- CN¥- ▼ -214 days
2012 1116 days CN¥904.60 Million CN¥810.22K/day CN¥- CN¥- ▼ -307 days
2011 1424 days CN¥749.71 Million CN¥526.58K/day CN¥- CN¥- —
DIR = (Cash + Short-term Investments + Net Receivables) / (Daily Cash Expenses)