CaNickel Mining Ltd (CML) — Defensive Interval Ratio

Latest as of June 2023: 0 days

CaNickel Mining Ltd (CML) has a Defensive Interval Ratio of 0 days as of June 2023. Defensive assets of CA$12.74K (cash CA$-, short-term investments CA$-, receivables CA$12.74K) cover 0 days of daily cash needs of CA$277.99K/day. See working capital to net assets of CaNickel Mining Ltd to evaluate short-term liquidity relative to the company's equity base.

Defensive Interval Ratio

0 days
Days of operational coverage

Defensive Assets

CA$12.74K
Cash + ST Investments + Receivables

Daily Cash Need

CA$277.99K
Current Liabilities ÷ 365

Current Liabilities

CA$101.47 Million
CAD

CaNickel Mining Ltd Defensive Interval Ratio (2013–2021)

This chart shows how CaNickel Mining Ltd's Defensive Interval Ratio has evolved across 9 annual periods from 2013 to 2021. As of June 2023, the ratio stands at 0 days, meaning defensive assets of CA$12.74K can fund 0 days of operations without new revenue. See CML net asset quality index to measure how much of total assets are equity-financed.

Annual Defensive Interval Ratio for CaNickel Mining Ltd (2013–2021)

The table below presents the year-by-year Defensive Interval Ratio for CaNickel Mining Ltd from 2013 to 2021, covering 9 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 CaNickel Mining Ltd (CML) total market value.

Year DIR (days) Defensive Assets (CAD) Daily Cash Need Cash ST Investments Change (days)
2021 0 days CA$45.72K CA$250.23K/day CA$- CA$- ▲ +0 days
2020 0 days CA$25.97K CA$284.79K/day CA$- CA$- ▲ +0 days
2019 0 days CA$23.33K CA$263.03K/day CA$- CA$- ▲ +0 days
2018 0 days CA$6.67K CA$303.41K/day CA$- CA$- ▼ 0 days
2017 0 days CA$10.53K CA$258.94K/day CA$- CA$- ▼ 0 days
2016 0 days CA$9.21K CA$221.62K/day CA$- CA$- ▼ 0 days
2015 0 days CA$24.89K CA$205.06K/day CA$- CA$- ▼ -1 days
2014 1 days CA$143.99K CA$157.09K/day CA$- CA$- ▲ +0 days
2013 1 days CA$79.00K CA$139.53K/day CA$- CA$- —
DIR = (Cash + Short-term Investments + Net Receivables) / (Daily Cash Expenses)