Tianjin Silvery Dragon (603969) — Defensive Interval Ratio

Latest as of September 2025: 608 days

Tianjin Silvery Dragon (603969) has a Defensive Interval Ratio of 608 days as of September 2025. Defensive assets of CN¥2.62 Billion (cash CN¥-, short-term investments CN¥24.28 Million, receivables CN¥2.59 Billion) cover 608 days of daily cash needs of CN¥4.30 Million/day. Check tangible net worth ratio of Tianjin Silvery Dragon to evaluate the tangible quality of the company's equity base.

Defensive Interval Ratio

608 days
Days of operational coverage

Defensive Assets

CN¥2.62 Billion
Cash + ST Investments + Receivables

Daily Cash Need

CN¥4.30 Million
Current Liabilities ÷ 365

Current Liabilities

CN¥1.57 Billion
CNY

Tianjin Silvery Dragon Defensive Interval Ratio (2011–2024)

This chart shows how Tianjin Silvery Dragon's Defensive Interval Ratio has evolved across 14 annual periods from 2011 to 2024. As of September 2025, the ratio stands at 608 days, meaning defensive assets of CN¥2.62 Billion can fund 608 days of operations without new revenue. Also explore net asset momentum of Tianjin Silvery Dragon to track the company's year-over-year net asset growth rate.

Annual Defensive Interval Ratio for Tianjin Silvery Dragon (2011–2024)

The table below presents the year-by-year Defensive Interval Ratio for Tianjin Silvery Dragon 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 Tianjin Silvery Dragon stock valuation.

Year DIR (days) Defensive Assets (CNY) Daily Cash Need Cash ST Investments Change (days)
2024 760 days CN¥2.35 Billion CN¥3.09 Million/day CN¥- CN¥14.94 Million ▲ +161 days
2023 599 days CN¥1.76 Billion CN¥2.94 Million/day CN¥- CN¥18.75 Million ▲ +42 days
2022 557 days CN¥1.62 Billion CN¥2.90 Million/day CN¥- CN¥18.75 Million ▲ +22 days
2021 535 days CN¥1.47 Billion CN¥2.74 Million/day CN¥- CN¥16.75 Million ▼ -92 days
2020 628 days CN¥1.31 Billion CN¥2.09 Million/day CN¥- CN¥31.11 Million ▲ +110 days
2019 518 days CN¥1.73 Billion CN¥3.33 Million/day CN¥- CN¥379.13 Million ▲ +6 days
2018 512 days CN¥1.30 Billion CN¥2.54 Million/day CN¥- CN¥60.00 Million ▼ -267 days
2017 778 days CN¥1.00 Billion CN¥1.29 Million/day CN¥- CN¥10.00 Million ▼ -1707 days
2016 2485 days CN¥786.48 Million CN¥316.51K/day CN¥- CN¥42.25 Million ▼ -877 days
2015 3362 days CN¥542.18 Million CN¥161.29K/day CN¥- CN¥- ▲ +2976 days
2014 386 days CN¥477.05 Million CN¥1.24 Million/day CN¥- CN¥- ▼ -1 days
2013 387 days CN¥517.93 Million CN¥1.34 Million/day CN¥- CN¥- ▲ +24 days
2012 363 days CN¥438.47 Million CN¥1.21 Million/day CN¥- CN¥- ▼ -149 days
2011 512 days CN¥432.99 Million CN¥845.28K/day CN¥- CN¥- —
DIR = (Cash + Short-term Investments + Net Receivables) / (Daily Cash Expenses)