Alpha Exploration Ltd (ALEX) — Defensive Interval Ratio
Alpha Exploration Ltd (ALEX) has a Defensive Interval Ratio of 22 days as of June 2023. Defensive assets of CA$32.52K (cash CA$-, short-term investments CA$-, receivables CA$32.52K) cover 22 days of daily cash needs of CA$1.47K/day. Check Alpha Exploration Ltd (ALEX) tangible net worth to evaluate the tangible quality of the company's equity base.
Defensive Interval Ratio
Defensive Assets
Daily Cash Need
Current Liabilities
Alpha Exploration Ltd Defensive Interval Ratio (2019–2021)
This chart shows how Alpha Exploration Ltd's Defensive Interval Ratio has evolved across 3 annual periods from 2019 to 2021. As of June 2023, the ratio stands at 22 days, meaning defensive assets of CA$32.52K can fund 22 days of operations without new revenue. Also explore ALEX net assets growth trend to track the company's year-over-year net asset growth rate.
Annual Defensive Interval Ratio for Alpha Exploration Ltd (2019–2021)
The table below presents the year-by-year Defensive Interval Ratio for Alpha Exploration Ltd from 2019 to 2021, covering 3 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 ALEX stock market capitalisation.
| Year | DIR (days) | Defensive Assets (CAD) | Daily Cash Need | Cash | ST Investments | Change (days) |
|---|---|---|---|---|---|---|
| 2021 | 24 days | CA$51.88K | CA$2.13K/day | CA$- | CA$- | ▲ +21 days |
| 2020 | 4 days | CA$9.73K | CA$2.73K/day | CA$- | CA$- | ▲ +2 days |
| 2019 | 2 days | CA$1.41K | CA$766.40/day | CA$- | CA$- | — |