Northgold AB (NG) — Defensive Interval Ratio

Latest as of December 2023: 175 days

Northgold AB (NG) has a Defensive Interval Ratio of 175 days as of December 2023. Defensive assets of Skr1.46 Million (cash Skr-, short-term investments Skr-, receivables Skr1.46 Million) cover 175 days of daily cash needs of Skr8.34K/day.

Defensive Interval Ratio

175 days
Days of operational coverage

Defensive Assets

Skr1.46 Million
Cash + ST Investments + Receivables

Daily Cash Need

Skr8.34K
Current Liabilities ÷ 365

Current Liabilities

Skr3.04 Million
SEK

Northgold AB Defensive Interval Ratio (2016–2023)

This chart shows how Northgold AB's Defensive Interval Ratio has evolved across 8 annual periods from 2016 to 2023. As of December 2023, the ratio stands at 175 days, meaning defensive assets of Skr1.46 Million can fund 175 days of operations without new revenue. For the complete balance sheet picture, see how large is Northgold AB's balance sheet.

Annual Defensive Interval Ratio for Northgold AB (2016–2023)

The table below presents the year-by-year Defensive Interval Ratio for Northgold AB from 2016 to 2023, covering 8 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 NG current assets to equity ratio to evaluate short-term liquidity relative to the company's equity base.

Year DIR (days) Defensive Assets (SEK) Daily Cash Need Cash ST Investments Change (days)
2023 199 days Skr1.46 Million Skr7.33K/day Skr- Skr- ▼ -735 days
2022 934 days Skr5.37 Million Skr5.75K/day Skr4.41 Million Skr- ▼ -2785 days
2021 3719 days Skr3.84 Million Skr1.03K/day Skr3.59 Million Skr- ▼ -173104 days
2020 176823 days Skr3.23 Million Skr18.26/day Skr3.23 Million Skr- ▲ +176572 days
2019 250 days Skr64.98 Million Skr259.53K/day Skr2.86 Million Skr- ▼ -5 days
2018 256 days Skr78.26 Million Skr306.24K/day Skr4.83 Million Skr- ▼ -47 days
2017 303 days Skr97.32 Million Skr321.55K/day Skr4.77 Million Skr- ▼ -211 days
2016 514 days Skr106.07 Million Skr206.34K/day Skr30.44 Million Skr- —
DIR = (Cash + Short-term Investments + Net Receivables) / (Daily Cash Expenses)