Cathay Biotech Inc (688065) — Defensive Interval Ratio

Latest as of September 2025: 351 days

Cathay Biotech Inc (688065) has a Defensive Interval Ratio of 351 days as of September 2025. Defensive assets of CN¥1.59 Billion (cash CN¥-, short-term investments CN¥901.80 Million, receivables CN¥691.96 Million) cover 351 days of daily cash needs of CN¥4.54 Million/day. See Cathay Biotech Inc working capital to net assets to evaluate short-term liquidity relative to the company's equity base.

Defensive Interval Ratio

351 days
Days of operational coverage

Defensive Assets

CN¥1.59 Billion
Cash + ST Investments + Receivables

Daily Cash Need

CN¥4.54 Million
Current Liabilities ÷ 365

Current Liabilities

CN¥1.66 Billion
CNY

Cathay Biotech Inc Defensive Interval Ratio (2016–2024)

This chart shows how Cathay Biotech Inc's Defensive Interval Ratio has evolved across 9 annual periods from 2016 to 2024. As of September 2025, the ratio stands at 351 days, meaning defensive assets of CN¥1.59 Billion can fund 351 days of operations without new revenue. See 688065 equity financing ratio to measure how much of total assets are equity-financed.

Annual Defensive Interval Ratio for Cathay Biotech Inc (2016–2024)

The table below presents the year-by-year Defensive Interval Ratio for Cathay Biotech Inc from 2016 to 2024, covering 9 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 Cathay Biotech Inc market capitalisation.

Year DIR (days) Defensive Assets (CNY) Daily Cash Need Cash ST Investments Change (days)
2024 59 days CN¥470.90 Million CN¥7.99 Million/day CN¥- CN¥469.25K ▲ +18 days
2023 41 days CN¥385.99 Million CN¥9.34 Million/day CN¥- CN¥469.25K ▼ -81 days
2022 122 days CN¥475.82 Million CN¥3.90 Million/day CN¥- CN¥469.25K ▲ +39 days
2021 83 days CN¥275.69 Million CN¥3.34 Million/day CN¥- CN¥469.25K ▼ -1282 days
2020 1364 days CN¥1.63 Billion CN¥1.19 Million/day CN¥- CN¥1.33 Billion ▲ +975 days
2019 389 days CN¥1.11 Billion CN¥2.85 Million/day CN¥- CN¥859.22 Million ▲ +328 days
2018 61 days CN¥253.19 Million CN¥4.13 Million/day CN¥- CN¥- ▼ -133 days
2017 194 days CN¥423.94 Million CN¥2.19 Million/day CN¥- CN¥- ▲ +25 days
2016 169 days CN¥196.56 Million CN¥1.16 Million/day CN¥- CN¥- —
DIR = (Cash + Short-term Investments + Net Receivables) / (Daily Cash Expenses)