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.
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. For the complete balance sheet picture, see ALEX total asset value.
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. See ALEX working capital efficiency 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) |
|---|---|---|---|---|---|---|
| 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$- | — |