Adex Mining Inc (ADE) — Defensive Interval Ratio

Latest as of June 2023: 0 days

Adex Mining Inc (ADE) has a Defensive Interval Ratio of 0 days as of June 2023. Defensive assets of CA$6.58K (cash CA$-, short-term investments CA$-, receivables CA$6.58K) cover 0 days of daily cash needs of CA$18.24K/day. Check Adex Mining Inc (ADE) tangible equity ratio to evaluate the tangible quality of the company's equity base.

Defensive Interval Ratio

0 days
Days of operational coverage

Defensive Assets

CA$6.58K
Cash + ST Investments + Receivables

Daily Cash Need

CA$18.24K
Current Liabilities ÷ 365

Current Liabilities

CA$6.66 Million
CAD

Adex Mining Inc Defensive Interval Ratio (2013–2022)

This chart shows how Adex Mining Inc's Defensive Interval Ratio has evolved across 10 annual periods from 2013 to 2022. As of June 2023, the ratio stands at 0 days, meaning defensive assets of CA$6.58K can fund 0 days of operations without new revenue. Also explore net asset growth rate of Adex Mining Inc to track the company's year-over-year net asset growth rate.

Annual Defensive Interval Ratio for Adex Mining Inc (2013–2022)

The table below presents the year-by-year Defensive Interval Ratio for Adex Mining Inc from 2013 to 2022, covering 10 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 ADE market cap overview.

Year DIR (days) Defensive Assets (CAD) Daily Cash Need Cash ST Investments Change (days)
2022 1 days CA$10.51K CA$16.88K/day CA$- CA$- ▼ -56 days
2021 57 days CA$34.11K CA$597.65/day CA$- CA$- ▲ +19 days
2020 38 days CA$22.96K CA$603.85/day CA$- CA$- ▲ +35 days
2019 3 days CA$22.95K CA$9.01K/day CA$- CA$- ▼ -1 days
2018 3 days CA$23.28K CA$7.16K/day CA$- CA$- ▲ +1 days
2017 2 days CA$11.84K CA$5.67K/day CA$- CA$- ▼ -4 days
2016 6 days CA$19.72K CA$3.25K/day CA$- CA$- ▼ -28 days
2015 34 days CA$38.70K CA$1.13K/day CA$- CA$- ▲ +16 days
2014 18 days CA$156.63K CA$8.47K/day CA$- CA$- ▼ -31 days
2013 49 days CA$122.78K CA$2.49K/day CA$- CA$- —
DIR = (Cash + Short-term Investments + Net Receivables) / (Daily Cash Expenses)