Ascendant Resources Inc (ASND) — Defensive Interval Ratio

Latest as of December 2024: 1 days

Ascendant Resources Inc (ASND) has a Defensive Interval Ratio of 1 days as of December 2024. Defensive assets of CA$13.00K (cash CA$-, short-term investments CA$13.00K, receivables CA$-) cover 1 days of daily cash needs of CA$23.34K/day.

Defensive Interval Ratio

1 days
Days of operational coverage

Defensive Assets

CA$13.00K
Cash + ST Investments + Receivables

Daily Cash Need

CA$23.34K
Current Liabilities ÷ 365

Current Liabilities

CA$8.52 Million
CAD

Ascendant Resources Inc Defensive Interval Ratio (2007–2024)

This chart shows how Ascendant Resources Inc's Defensive Interval Ratio has evolved across 18 annual periods from 2007 to 2024. As of December 2024, the ratio stands at 1 days, meaning defensive assets of CA$13.00K can fund 1 days of operations without new revenue. For the complete balance sheet picture, see balance sheet size of Ascendant Resources Inc.

Annual Defensive Interval Ratio for Ascendant Resources Inc (2007–2024)

The table below presents the year-by-year Defensive Interval Ratio for Ascendant Resources Inc from 2007 to 2024, covering 18 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 Ascendant Resources Inc (ASND) working capital ratio to evaluate short-term liquidity relative to the company's equity base.

Year DIR (days) Defensive Assets (CAD) Daily Cash Need Cash ST Investments Change (days)
2024 1 days CA$13.00K CA$23.34K/day CA$- CA$13.00K ▼ -22 days
2023 22 days CA$473.00K CA$21.10K/day CA$- CA$23.00K ▼ -35 days
2022 57 days CA$249.00K CA$4.34K/day CA$- CA$32.00K ▲ +31 days
2021 26 days CA$263.00K CA$10.16K/day CA$- CA$56.00K ▲ +6 days
2020 20 days CA$92.00K CA$4.59K/day CA$- CA$- ▼ -19 days
2019 39 days CA$3.76 Million CA$97.18K/day CA$- CA$0.00 ▼ -18 days
2018 57 days CA$4.17 Million CA$73.73K/day CA$- CA$137.00K ▼ -13 days
2017 70 days CA$3.12 Million CA$44.68K/day CA$- CA$- ▲ +66 days
2016 3 days CA$84.17K CA$24.51K/day CA$- CA$- ▲ +0 days
2015 3 days CA$4.56K CA$1.50K/day CA$- CA$- ▼ -6 days
2014 9 days CA$31.25K CA$3.32K/day CA$- CA$- ▼ -16 days
2013 25 days CA$33.10K CA$1.31K/day CA$- CA$- ▼ -13 days
2012 38 days CA$28.94K CA$760.42/day CA$- CA$- ▼ -14 days
2011 52 days CA$30.98K CA$600.41/day CA$- CA$- ▲ +32 days
2010 19 days CA$10.58K CA$551.59/day CA$- CA$- ▼ -147 days
2009 166 days CA$11.44K CA$68.84/day CA$- CA$- ▲ +129 days
2008 37 days CA$2.67K CA$72.30/day CA$- CA$- ▲ +35 days
2007 2 days CA$45.07 CA$19.96/day CA$- CA$- —
DIR = (Cash + Short-term Investments + Net Receivables) / (Daily Cash Expenses)