Shanghai M&G Stationery Inc (603899) — Defensive Interval Ratio

Latest as of March 2026: 507 days

Shanghai M&G Stationery Inc (603899) has a Defensive Interval Ratio of 507 days as of March 2026. Defensive assets of CN¥8.48 Billion (cash CN¥-, short-term investments CN¥3.96 Billion, receivables CN¥4.52 Billion) cover 507 days of daily cash needs of CN¥16.73 Million/day. See working capital position of Shanghai M&G Stationery Inc to evaluate short-term liquidity relative to the company's equity base.

Defensive Interval Ratio

507 days
Days of operational coverage

Defensive Assets

CN¥8.48 Billion
Cash + ST Investments + Receivables

Daily Cash Need

CN¥16.73 Million
Current Liabilities ÷ 365

Current Liabilities

CN¥6.11 Billion
CNY

Shanghai M&G Stationery Inc Defensive Interval Ratio (2011–2025)

This chart shows how Shanghai M&G Stationery Inc's Defensive Interval Ratio has evolved across 15 annual periods from 2011 to 2025. As of March 2026, the ratio stands at 507 days, meaning defensive assets of CN¥8.48 Billion can fund 507 days of operations without new revenue. See 603899 net asset quality index to measure how much of total assets are equity-financed.

Annual Defensive Interval Ratio for Shanghai M&G Stationery Inc (2011–2025)

The table below presents the year-by-year Defensive Interval Ratio for Shanghai M&G Stationery Inc from 2011 to 2025, covering 15 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 M&G Stationery Inc (603899) total market value.

Year DIR (days) Defensive Assets (CNY) Daily Cash Need Cash ST Investments Change (days)
2025 409 days CN¥8.69 Billion CN¥21.21 Million/day CN¥- CN¥4.11 Billion ▲ +46 days
2024 364 days CN¥6.71 Billion CN¥18.47 Million/day CN¥- CN¥2.57 Billion ▲ +67 days
2023 297 days CN¥5.31 Billion CN¥17.90 Million/day CN¥- CN¥1.40 Billion ▼ -16 days
2022 313 days CN¥4.64 Billion CN¥14.83 Million/day CN¥- CN¥1.63 Billion ▲ +27 days
2021 286 days CN¥3.56 Billion CN¥12.45 Million/day CN¥- CN¥1.61 Billion ▲ +6 days
2020 280 days CN¥3.19 Billion CN¥11.41 Million/day CN¥- CN¥1.43 Billion ▲ +70 days
2019 209 days CN¥1.72 Billion CN¥8.21 Million/day CN¥- CN¥661.88 Million ▼ -108 days
2018 317 days CN¥1.83 Billion CN¥5.78 Million/day CN¥- CN¥1.02 Billion ▼ -103 days
2017 420 days CN¥1.60 Billion CN¥3.82 Million/day CN¥- CN¥1.00 Billion ▼ -31 days
2016 451 days CN¥1.08 Billion CN¥2.39 Million/day CN¥- CN¥800.00 Million ▲ +43 days
2015 408 days CN¥718.11 Million CN¥1.76 Million/day CN¥- CN¥620.00 Million ▲ +337 days
2014 71 days CN¥88.29 Million CN¥1.24 Million/day CN¥- CN¥- ▼ -17 days
2013 88 days CN¥83.83 Million CN¥949.92K/day CN¥- CN¥- ▲ +21 days
2012 67 days CN¥46.36 Million CN¥692.77K/day CN¥- CN¥- ▼ -54 days
2011 121 days CN¥86.56 Million CN¥718.29K/day CN¥- CN¥- —
DIR = (Cash + Short-term Investments + Net Receivables) / (Daily Cash Expenses)