SolGold PLC (SOLG) — Defensive Interval Ratio

Latest as of June 2023: 279 days

SolGold PLC (SOLG) has a Defensive Interval Ratio of 279 days as of June 2023. Defensive assets of CA$10.55 Million (cash CA$-, short-term investments CA$1.73 Million, receivables CA$8.82 Million) cover 279 days of daily cash needs of CA$37.77K/day.

Defensive Interval Ratio

279 days
Days of operational coverage

Defensive Assets

CA$10.55 Million
Cash + ST Investments + Receivables

Daily Cash Need

CA$37.77K
Current Liabilities ÷ 365

Current Liabilities

CA$13.78 Million
CAD

SolGold PLC Defensive Interval Ratio (2010–2023)

This chart shows how SolGold PLC's Defensive Interval Ratio has evolved across 11 annual periods from 2010 to 2023. As of June 2023, the ratio stands at 279 days, meaning defensive assets of CA$10.55 Million can fund 279 days of operations without new revenue. For the complete balance sheet picture, see SolGold PLC total assets.

Annual Defensive Interval Ratio for SolGold PLC (2010–2023)

The table below presents the year-by-year Defensive Interval Ratio for SolGold PLC from 2010 to 2023, covering 11 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 SolGold PLC short-term liquidity 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)
2023 279 days CA$10.55 Million CA$37.77K/day CA$- CA$1.73 Million ▼ -422 days
2022 701 days CA$13.30 Million CA$18.97K/day CA$- CA$5.34 Million ▲ +397 days
2021 304 days CA$6.82 Million CA$22.42K/day CA$- CA$6.82 Million ▲ +195 days
2020 109 days CA$6.47 Million CA$59.24K/day CA$- CA$4.11 Million ▼ -366 days
2019 475 days CA$8.48 Million CA$17.85K/day CA$- CA$5.94 Million ▲ +322 days
2018 153 days CA$2.90 Million CA$18.99K/day CA$- CA$- ▼ -36 days
2017 188 days CA$1.09 Million CA$5.77K/day CA$- CA$- ▲ +177 days
2016 12 days CA$203.17K CA$17.43K/day CA$- CA$- ▼ -19 days
2015 31 days CA$151.29K CA$4.91K/day CA$- CA$- ▼ -511 days
2014 542 days CA$1.10 Million CA$2.03K/day CA$- CA$- ▲ +563 days
2010 -21 days CA$-106.47K CA$5.09K/day CA$- CA$-106.47K —
DIR = (Cash + Short-term Investments + Net Receivables) / (Daily Cash Expenses)