Altima Resources Ltd Defensive Interval Ratio

Latest as of November 2024: 30 days

Altima Resources Ltd defensive interval ratio. Altima Resources Ltd (ARH) has a Defensive Interval Ratio of 30 days as of November 2024. Defensive assets of CA$1.09 Million (cash CA$-, short-term investments CA$-, receivables CA$1.09 Million) cover 30 days of daily cash needs of CA$36.51K/day. See working capital to net assets of Altima Resources Ltd to evaluate short-term liquidity relative to the company's equity base.

Defensive Interval Ratio

30 days
Days of operational coverage

Defensive Assets

CA$1.09 Million
Cash + ST Investments + Receivables

Daily Cash Need

CA$36.51K
Current Liabilities ÷ 365

Current Liabilities

CA$13.33 Million
CAD

Defensive Interval Ratio of Altima Resources Ltd (2013–2023)

Defensive interval ratio of Altima Resources Ltd from 2013 to 2023. This chart shows how Altima Resources Ltd's Defensive Interval Ratio has evolved across 11 annual periods from 2013 to 2023. As of November 2024, the ratio stands at 30 days, meaning defensive assets of CA$1.09 Million can fund 30 days of operations without new revenue. Read Altima Resources Ltd (ARH) financial obligations for a breakdown of total debt and financial obligations.

Altima Resources Ltd Defensive Interval Ratio by Year (2013–2023)

Altima Resources Ltd defensive interval ratio by year from 2013 to 2023. The table below presents the year-by-year Defensive Interval Ratio for Altima Resources Ltd from 2013 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. For the complete balance sheet picture, see Altima Resources Ltd assets under control.

Year DIR (days) Defensive Assets (CAD) Daily Cash Need Cash ST Investments Change (days)
2023 20 days CA$643.78K CA$32.93K/day CA$- CA$- ▲ +11 days
2022 9 days CA$241.31K CA$27.98K/day CA$- CA$- ▼ -12 days
2021 21 days CA$474.81K CA$22.90K/day CA$- CA$- ▲ +19 days
2020 1 days CA$25.87K CA$20.22K/day CA$- CA$- ▼ -1 days
2019 2 days CA$17.14K CA$9.39K/day CA$- CA$- ▼ -4 days
2018 6 days CA$45.74K CA$7.35K/day CA$- CA$- ▲ +3 days
2017 3 days CA$60.38K CA$19.36K/day CA$- CA$- ▲ +3 days
2016 1 days CA$16.82K CA$29.95K/day CA$- CA$- ▼ -59 days
2015 59 days CA$1.36 Million CA$23.02K/day CA$- CA$- ▼ -20 days
2014 79 days CA$2.30 Million CA$29.10K/day CA$- CA$- ▼ -133 days
2013 212 days CA$1.46 Million CA$6.89K/day CA$- CA$- —
DIR = (Cash + Short-term Investments + Net Receivables) / (Daily Cash Expenses)