TRX Gold Corporation (TNX) — Defensive Interval Ratio

Latest as of November 2023: 39 days

TRX Gold Corporation (TNX) has a Defensive Interval Ratio of 39 days as of November 2023. Defensive assets of CA$2.06 Million (cash CA$-, short-term investments CA$-, receivables CA$2.06 Million) cover 39 days of daily cash needs of CA$52.45K/day. See TNX working capital efficiency to evaluate short-term liquidity relative to the company's equity base.

Defensive Interval Ratio

39 days
Days of operational coverage

Defensive Assets

CA$2.06 Million
Cash + ST Investments + Receivables

Daily Cash Need

CA$52.45K
Current Liabilities ÷ 365

Current Liabilities

CA$19.15 Million
CAD

TRX Gold Corporation Defensive Interval Ratio (1998–2023)

This chart shows how TRX Gold Corporation's Defensive Interval Ratio has evolved across 26 annual periods from 1998 to 2023. As of November 2023, the ratio stands at 39 days, meaning defensive assets of CA$2.06 Million can fund 39 days of operations without new revenue. See TNX equity to assets ratio to measure how much of total assets are equity-financed.

Annual Defensive Interval Ratio for TRX Gold Corporation (1998–2023)

The table below presents the year-by-year Defensive Interval Ratio for TRX Gold Corporation from 1998 to 2023, covering 26 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 how much is TRX Gold Corporation worth.

Year DIR (days) Defensive Assets (CAD) Daily Cash Need Cash ST Investments Change (days)
2023 64 days CA$3.14 Million CA$48.79K/day CA$- CA$- ▲ +11 days
2022 54 days CA$2.54 Million CA$47.26K/day CA$- CA$- ▲ +31 days
2021 23 days CA$460.00K CA$20.31K/day CA$- CA$- ▲ +4 days
2020 19 days CA$545.96K CA$28.97K/day CA$- CA$- ▲ +2 days
2019 17 days CA$468.02K CA$27.12K/day CA$- CA$- ▲ +10 days
2018 7 days CA$203.89K CA$28.13K/day CA$- CA$- ▼ -7 days
2017 14 days CA$260.64K CA$18.39K/day CA$- CA$- ▲ +7 days
2016 7 days CA$254.39K CA$35.26K/day CA$- CA$- ▼ -5 days
2015 13 days CA$163.25K CA$12.90K/day CA$- CA$- ▼ -183 days
2014 196 days CA$636.23K CA$3.25K/day CA$- CA$- ▲ +164 days
2013 32 days CA$491.01K CA$15.26K/day CA$- CA$4.98K ▲ +18 days
2012 14 days CA$89.70K CA$6.40K/day CA$- CA$17.97K ▼ -14 days
2011 28 days CA$190.54K CA$6.92K/day CA$- CA$30.03K ▼ -43 days
2010 70 days CA$112.69K CA$1.60K/day CA$- CA$38.12K ▲ +47 days
2009 23 days CA$39.73K CA$1.71K/day CA$- CA$- ▼ -27 days
2008 50 days CA$70.62K CA$1.41K/day CA$- CA$- ▲ +7 days
2007 43 days CA$67.95K CA$1.56K/day CA$- CA$- ▲ +32 days
2006 12 days CA$17.03K CA$1.47K/day CA$- CA$- ▼ -125 days
2005 137 days CA$65.40K CA$478.50/day CA$- CA$- ▼ -1048 days
2004 1185 days CA$362.80K CA$306.12/day CA$- CA$316.30K ▲ +413 days
2003 772 days CA$701.06K CA$908.42/day CA$- CA$669.07K ▲ +677 days
2002 95 days CA$36.49K CA$384.98/day CA$- CA$- ▼ -16 days
2001 111 days CA$110.46K CA$998.63/day CA$- CA$- ▲ +58 days
2000 52 days CA$49.36K CA$946.32/day CA$- CA$- ▼ -172 days
1999 224 days CA$124.61K CA$556.65/day CA$- CA$- ▼ -159 days
1998 382 days CA$55.86K CA$146.07/day CA$- CA$- —
DIR = (Cash + Short-term Investments + Net Receivables) / (Daily Cash Expenses)