Changzhou Fusion New Material Co. Ltd. A (688503) — Defensive Interval Ratio
Changzhou Fusion New Material Co. Ltd. A (688503) has a Defensive Interval Ratio of 267 days as of June 2025. Defensive assets of CN¥3.43 Billion (cash CN¥-, short-term investments CN¥761.29 Million, receivables CN¥2.67 Billion) cover 267 days of daily cash needs of CN¥12.82 Million/day.
Defensive Interval Ratio
Defensive Assets
Daily Cash Need
Current Liabilities
Changzhou Fusion New Material Co. Ltd. A Defensive Interval Ratio (2020–2024)
This chart shows how Changzhou Fusion New Material Co. Ltd. A's Defensive Interval Ratio has evolved across 5 annual periods from 2020 to 2024. As of June 2025, the ratio stands at 267 days, meaning defensive assets of CN¥3.43 Billion can fund 267 days of operations without new revenue. For the complete balance sheet picture, see Changzhou Fusion New Material Co. Ltd. A balance sheet assets.
Annual Defensive Interval Ratio for Changzhou Fusion New Material Co. Ltd. A (2020–2024)
The table below presents the year-by-year Defensive Interval Ratio for Changzhou Fusion New Material Co. Ltd. A from 2020 to 2024, covering 5 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 how liquid is Changzhou Fusion New Material Co. Ltd. A's working capital 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 | 350 days | CN¥3.16 Billion | CN¥9.03 Million/day | CN¥- | CN¥1.14 Billion | ▼ -111 days |
| 2023 | 460 days | CN¥3.22 Billion | CN¥6.99 Million/day | CN¥- | CN¥1.39 Billion | ▼ -438 days |
| 2022 | 898 days | CN¥3.07 Billion | CN¥3.41 Million/day | CN¥- | CN¥2.00 Billion | ▲ +724 days |
| 2021 | 175 days | CN¥773.65 Million | CN¥4.43 Million/day | CN¥- | CN¥- | ▼ -115 days |
| 2020 | 289 days | CN¥393.67 Million | CN¥1.36 Million/day | CN¥- | CN¥11.00 Million | — |