Shanghai V-Test Semiconductor Tech Co. Ltd. A (688372) — Defensive Interval Ratio
Shanghai V-Test Semiconductor Tech Co. Ltd. A (688372) has a Defensive Interval Ratio of 137 days as of March 2026. Defensive assets of CN¥631.06 Million (cash CN¥-, short-term investments CN¥90.63 Million, receivables CN¥540.44 Million) cover 137 days of daily cash needs of CN¥4.61 Million/day.
Defensive Interval Ratio
Defensive Assets
Daily Cash Need
Current Liabilities
Shanghai V-Test Semiconductor Tech Co. Ltd. A Defensive Interval Ratio (2020–2025)
This chart shows how Shanghai V-Test Semiconductor Tech Co. Ltd. A's Defensive Interval Ratio has evolved across 6 annual periods from 2020 to 2025. As of March 2026, the ratio stands at 137 days, meaning defensive assets of CN¥631.06 Million can fund 137 days of operations without new revenue. For the complete balance sheet picture, see Shanghai V-Test Semiconductor Tech Co. L balance sheet assets.
Annual Defensive Interval Ratio for Shanghai V-Test Semiconductor Tech Co. Ltd. A (2020–2025)
The table below presents the year-by-year Defensive Interval Ratio for Shanghai V-Test Semiconductor Tech Co. Ltd. A from 2020 to 2025, covering 6 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 Shanghai V-Test Semiconductor Tech Co. L working capital to net assets 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) |
|---|---|---|---|---|---|---|
| 2025 | 161 days | CN¥657.70 Million | CN¥4.07 Million/day | CN¥- | CN¥130.22 Million | ▼ -3 days |
| 2024 | 164 days | CN¥353.34 Million | CN¥2.15 Million/day | CN¥- | CN¥- | ▼ -128 days |
| 2023 | 292 days | CN¥418.52 Million | CN¥1.43 Million/day | CN¥- | CN¥110.17 Million | ▼ -454 days |
| 2022 | 747 days | CN¥841.06 Million | CN¥1.13 Million/day | CN¥- | CN¥610.00 Million | ▲ +626 days |
| 2021 | 121 days | CN¥130.69 Million | CN¥1.08 Million/day | CN¥- | CN¥- | ▼ -45 days |
| 2020 | 165 days | CN¥94.26 Million | CN¥570.03K/day | CN¥- | CN¥29.99 Million | — |