Cardiol Therapeutics Inc Class A (CRDL) — Defensive Interval Ratio
Cardiol Therapeutics Inc Class A (CRDL) has a Defensive Interval Ratio of 1397 days as of December 2025. Defensive assets of CA$21.64 Million (cash CA$21.42 Million, short-term investments CA$-, receivables CA$226.19K) cover 1397 days of daily cash needs of CA$15.49K/day.
Defensive Interval Ratio
Defensive Assets
Daily Cash Need
Current Liabilities
Cardiol Therapeutics Inc Class A Defensive Interval Ratio (2017–2025)
This chart shows how Cardiol Therapeutics Inc Class A's Defensive Interval Ratio has evolved across 9 annual periods from 2017 to 2025. As of December 2025, the ratio stands at 1397 days, meaning defensive assets of CA$21.64 Million can fund 1397 days of operations without new revenue. For the complete balance sheet picture, see Cardiol Therapeutics Inc Class A assets under control.
Annual Defensive Interval Ratio for Cardiol Therapeutics Inc Class A (2017–2025)
The table below presents the year-by-year Defensive Interval Ratio for Cardiol Therapeutics Inc Class A from 2017 to 2025, 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. See CRDL net 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) |
|---|---|---|---|---|---|---|
| 2025 | 1397 days | CA$21.64 Million | CA$15.49K/day | CA$21.42 Million | CA$- | ▼ -214 days |
| 2024 | 1611 days | CA$30.94 Million | CA$19.20K/day | CA$30.58 Million | CA$- | ▲ +59 days |
| 2023 | 1552 days | CA$35.27 Million | CA$22.73K/day | CA$34.93 Million | CA$61.88K | ▼ -682 days |
| 2022 | 2234 days | CA$60.01 Million | CA$26.86K/day | CA$59.47 Million | CA$61.88K | ▼ -429 days |
| 2021 | 2663 days | CA$84.37 Million | CA$31.69K/day | CA$83.90 Million | CA$61.57K | ▲ +589 days |
| 2020 | 2074 days | CA$14.31 Million | CA$6.90K/day | CA$14.03 Million | CA$61.51K | ▼ -2126 days |
| 2019 | 4200 days | CA$7.95 Million | CA$1.89K/day | CA$6.96 Million | CA$61.20K | ▲ +1269 days |
| 2018 | 2930 days | CA$17.19 Million | CA$5.87K/day | CA$16.73 Million | CA$- | ▼ -2147 days |
| 2017 | 5078 days | CA$2.46 Million | CA$484.15/day | CA$2.36 Million | CA$- | — |