First Quantum Minerals Ltd (FM) — Defensive Interval Ratio

Latest as of June 2026: 187 days

First Quantum Minerals Ltd (FM) has a Defensive Interval Ratio of 187 days as of June 2026. Defensive assets of CA$960.00 Million (cash CA$-, short-term investments CA$-, receivables CA$960.00 Million) cover 187 days of daily cash needs of CA$5.13 Million/day.

Defensive Interval Ratio

187 days
Days of operational coverage

Defensive Assets

CA$960.00 Million
Cash + ST Investments + Receivables

Daily Cash Need

CA$5.13 Million
Current Liabilities ÷ 365

Current Liabilities

CA$1.87 Billion
CAD

First Quantum Minerals Ltd Defensive Interval Ratio (1997–2025)

This chart shows how First Quantum Minerals Ltd's Defensive Interval Ratio has evolved across 29 annual periods from 1997 to 2025. As of June 2026, the ratio stands at 187 days, meaning defensive assets of CA$960.00 Million can fund 187 days of operations without new revenue. For the complete balance sheet picture, see First Quantum Minerals Ltd total assets.

Annual Defensive Interval Ratio for First Quantum Minerals Ltd (1997–2025)

The table below presents the year-by-year Defensive Interval Ratio for First Quantum Minerals Ltd from 1997 to 2025, covering 29 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 First Quantum Minerals Ltd's working capital 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 290 days CA$2.19 Billion CA$7.54 Million/day CA$716.00 Million CA$- ▼ -29 days
2024 319 days CA$1.35 Billion CA$4.23 Million/day CA$843.00 Million CA$- ▲ +2 days
2023 317 days CA$1.74 Billion CA$5.50 Million/day CA$1.16 Billion CA$- ▼ -224 days
2022 541 days CA$2.58 Billion CA$4.76 Million/day CA$1.69 Billion CA$- ▲ +2 days
2021 540 days CA$2.48 Billion CA$4.60 Million/day CA$1.86 Billion CA$- ▲ +287 days
2020 253 days CA$1.69 Billion CA$6.67 Million/day CA$950.00 Million CA$- ▲ +14 days
2019 239 days CA$1.65 Billion CA$6.91 Million/day CA$1.14 Billion CA$- ▼ -93 days
2018 332 days CA$1.50 Billion CA$4.50 Million/day CA$1.25 Billion CA$- ▲ +46 days
2017 287 days CA$1.62 Billion CA$5.67 Million/day CA$1.30 Billion CA$- ▲ +6 days
2016 281 days CA$1.71 Billion CA$6.09 Million/day CA$1.46 Billion CA$- ▲ +210 days
2015 71 days CA$213.00 Million CA$3.00 Million/day CA$- CA$- ▼ -69 days
2014 140 days CA$268.00 Million CA$1.91 Million/day CA$- CA$- ▲ +80 days
2013 61 days CA$299.50 Million CA$4.94 Million/day CA$- CA$- ▼ -260 days
2012 321 days CA$390.20 Million CA$1.22 Million/day CA$- CA$- ▲ +181 days
2011 140 days CA$238.10 Million CA$1.70 Million/day CA$- CA$- ▼ -3 days
2010 143 days CA$377.00 Million CA$2.64 Million/day CA$- CA$- ▼ -119 days
2009 261 days CA$523.90 Million CA$2.01 Million/day CA$- CA$- ▲ +123 days
2008 138 days CA$244.00 Million CA$1.77 Million/day CA$- CA$- ▼ -178 days
2007 316 days CA$284.70 Million CA$902.19K/day CA$- CA$- ▲ +110 days
2006 205 days CA$177.38 Million CA$864.18K/day CA$- CA$- ▲ +81 days
2005 125 days CA$62.94 Million CA$505.18K/day CA$- CA$- ▲ +13 days
2004 111 days CA$21.93 Million CA$197.29K/day CA$- CA$- ▲ +64 days
2003 48 days CA$4.44 Million CA$93.32K/day CA$- CA$- ▼ -18 days
2002 66 days CA$3.22 Million CA$48.90K/day CA$- CA$- ▼ -39 days
2001 104 days CA$13.77 Million CA$131.75K/day CA$- CA$- ▼ -40 days
2000 144 days CA$16.73 Million CA$116.16K/day CA$- CA$- ▲ +98 days
1999 46 days CA$2.24 Million CA$48.34K/day CA$- CA$- ▼ -17 days
1998 63 days CA$5.15 Million CA$81.65K/day CA$- CA$- ▲ +53 days
1997 10 days CA$562.07K CA$58.52K/day CA$- CA$- —
DIR = (Cash + Short-term Investments + Net Receivables) / (Daily Cash Expenses)