SEC Electric Mach Co Ltd (603988) — Defensive Interval Ratio

Latest as of September 2025: 489 days

SEC Electric Mach Co Ltd (603988) has a Defensive Interval Ratio of 489 days as of September 2025. Defensive assets of CN¥541.65 Million (cash CN¥-, short-term investments CN¥83.37 Million, receivables CN¥458.28 Million) cover 489 days of daily cash needs of CN¥1.11 Million/day.

Defensive Interval Ratio

489 days
Days of operational coverage

Defensive Assets

CN¥541.65 Million
Cash + ST Investments + Receivables

Daily Cash Need

CN¥1.11 Million
Current Liabilities ÷ 365

Current Liabilities

CN¥404.43 Million
CNY

SEC Electric Mach Co Ltd Defensive Interval Ratio (2011–2024)

This chart shows how SEC Electric Mach Co Ltd's Defensive Interval Ratio has evolved across 14 annual periods from 2011 to 2024. As of September 2025, the ratio stands at 489 days, meaning defensive assets of CN¥541.65 Million can fund 489 days of operations without new revenue. For the complete balance sheet picture, see 603988 current and non-current assets.

Annual Defensive Interval Ratio for SEC Electric Mach Co Ltd (2011–2024)

The table below presents the year-by-year Defensive Interval Ratio for SEC Electric Mach 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. See working capital to net assets of SEC Electric Mach 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 473 days CN¥568.69 Million CN¥1.20 Million/day CN¥- CN¥27.43 Million ▼ -50 days
2023 523 days CN¥578.98 Million CN¥1.11 Million/day CN¥- CN¥62.32 Million ▲ +100 days
2022 423 days CN¥588.42 Million CN¥1.39 Million/day CN¥- CN¥50.36 Million ▲ +52 days
2021 371 days CN¥590.52 Million CN¥1.59 Million/day CN¥- CN¥100.30 Million ▼ -89 days
2020 460 days CN¥606.89 Million CN¥1.32 Million/day CN¥- CN¥223.32 Million ▲ +70 days
2019 391 days CN¥374.40 Million CN¥958.59K/day CN¥- CN¥82.31 Million ▲ +91 days
2018 300 days CN¥236.32 Million CN¥788.57K/day CN¥- CN¥36.00 Million ▼ -266 days
2017 566 days CN¥373.80 Million CN¥660.83K/day CN¥- CN¥157.00 Million ▼ -221 days
2016 787 days CN¥409.16 Million CN¥520.07K/day CN¥- CN¥202.00 Million ▼ -181 days
2015 968 days CN¥452.47 Million CN¥467.63K/day CN¥- CN¥237.66 Million ▲ +616 days
2014 352 days CN¥184.78 Million CN¥525.24K/day CN¥- CN¥- ▲ +75 days
2013 277 days CN¥188.10 Million CN¥679.19K/day CN¥- CN¥- ▲ +74 days
2012 203 days CN¥135.92 Million CN¥668.50K/day CN¥- CN¥- ▲ +7 days
2011 196 days CN¥170.45 Million CN¥870.28K/day CN¥- CN¥- —
DIR = (Cash + Short-term Investments + Net Receivables) / (Daily Cash Expenses)