Pan American Silver Corp (PAAS) — Defensive Interval Ratio

Latest as of March 2026: 145 days

Pan American Silver Corp (PAAS) has a Defensive Interval Ratio of 145 days as of March 2026. Defensive assets of CA$355.00 Million (cash CA$-, short-term investments CA$119.00 Million, receivables CA$236.00 Million) cover 145 days of daily cash needs of CA$2.45 Million/day. See working capital position of Pan American Silver Corp to evaluate short-term liquidity relative to the company's equity base.

Defensive Interval Ratio

145 days
Days of operational coverage

Defensive Assets

CA$355.00 Million
Cash + ST Investments + Receivables

Daily Cash Need

CA$2.45 Million
Current Liabilities ÷ 365

Current Liabilities

CA$896.00 Million
CAD

Pan American Silver Corp Defensive Interval Ratio (1996–2025)

This chart shows how Pan American Silver Corp's Defensive Interval Ratio has evolved across 30 annual periods from 1996 to 2025. As of March 2026, the ratio stands at 145 days, meaning defensive assets of CA$355.00 Million can fund 145 days of operations without new revenue. See PAAS equity financing ratio to measure how much of total assets are equity-financed.

Annual Defensive Interval Ratio for Pan American Silver Corp (1996–2025)

The table below presents the year-by-year Defensive Interval Ratio for Pan American Silver Corp from 1996 to 2025, covering 30 annual filings. Each row shows defensive assets, daily cash need, the DIR in days, and the change in days compared to the prior year. For live market cap and the full company financial profile, see market cap of Pan American Silver Corp.

Year DIR (days) Defensive Assets (CAD) Daily Cash Need Cash ST Investments Change (days)
2025 705 days CA$1.57 Billion CA$2.23 Million/day CA$1.22 Billion CA$103.81 Million ▲ +129 days
2024 575 days CA$1.08 Billion CA$1.88 Million/day CA$862.80 Million CA$24.50 Million ▲ +200 days
2023 375 days CA$641.80 Million CA$1.71 Million/day CA$399.60 Million CA$41.30 Million ▲ +70 days
2022 306 days CA$318.94 Million CA$1.04 Million/day CA$107.00 Million CA$35.34 Million ▼ -150 days
2021 455 days CA$483.70 Million CA$1.06 Million/day CA$283.55 Million CA$51.72 Million ▲ +23 days
2020 433 days CA$428.87 Million CA$991.11K/day CA$167.11 Million CA$111.95 Million ▼ -137 days
2019 570 days CA$424.30 Million CA$744.30K/day CA$120.56 Million CA$117.78 Million ▼ -210 days
2018 780 days CA$321.71 Million CA$412.41K/day CA$138.51 Million CA$74.00 Million ▲ +80 days
2017 700 days CA$354.28 Million CA$506.07K/day CA$175.95 Million CA$51.59 Million ▲ +34 days
2016 666 days CA$336.43 Million CA$504.89K/day CA$180.88 Million CA$36.73 Million ▲ +194 days
2015 473 days CA$207.09 Million CA$438.19K/day CA$- CA$92.68 Million ▼ -102 days
2014 575 days CA$327.49 Million CA$569.98K/day CA$- CA$184.22 Million ▼ -81 days
2013 656 days CA$328.25 Million CA$500.36K/day CA$- CA$172.78 Million ▲ +47 days
2012 609 days CA$328.25 Million CA$538.62K/day CA$- CA$196.12 Million ▼ -69 days
2011 678 days CA$326.70 Million CA$481.66K/day CA$- CA$228.32 Million ▼ -91 days
2010 769 days CA$242.86 Million CA$315.73K/day CA$- CA$180.58 Million ▲ +147 days
2009 622 days CA$170.81 Million CA$274.47K/day CA$- CA$92.62 Million ▲ +372 days
2008 251 days CA$54.42 Million CA$217.21K/day CA$- CA$3.35 Million ▼ -522 days
2007 773 days CA$124.00 Million CA$160.50K/day CA$- CA$55.40 Million ▼ -106 days
2006 878 days CA$157.57 Million CA$179.40K/day CA$- CA$91.60 Million ▲ +166 days
2005 712 days CA$53.37 Million CA$74.98K/day CA$- CA$26.03 Million ▼ -903 days
2004 1615 days CA$95.55 Million CA$59.17K/day CA$- CA$69.79 Million ▲ +286 days
2003 1329 days CA$82.48 Million CA$62.05K/day CA$- CA$74.94 Million ▲ +1246 days
2002 83 days CA$4.61 Million CA$55.43K/day CA$- CA$13.00K ▼ -30 days
2001 113 days CA$6.55 Million CA$57.93K/day CA$- CA$513.00K ▲ +36 days
2000 77 days CA$3.67 Million CA$47.46K/day CA$- CA$46.00K ▼ -93 days
1999 170 days CA$4.70 Million CA$27.65K/day CA$- CA$- ▼ -114 days
1998 283 days CA$4.72 Million CA$16.64K/day CA$- CA$129.00K ▲ +75 days
1997 208 days CA$5.67 Million CA$27.21K/day CA$- CA$70.00K ▼ -34 days
1996 242 days CA$3.87 Million CA$15.99K/day CA$- CA$- —
DIR = (Cash + Short-term Investments + Net Receivables) / (Daily Cash Expenses)