Canadian North Resources Inc. (CNRI) — Defensive Interval Ratio
Canadian North Resources Inc. (CNRI) has a Defensive Interval Ratio of 145 days as of June 2023. Defensive assets of CA$1.87 Million (cash CA$-, short-term investments CA$-, receivables CA$1.87 Million) cover 145 days of daily cash needs of CA$12.88K/day. See CNRI working capital efficiency to evaluate short-term liquidity relative to the company's equity base.
Defensive Interval Ratio
Defensive Assets
Daily Cash Need
Current Liabilities
Canadian North Resources Inc. Defensive Interval Ratio (2019–2022)
This chart shows how Canadian North Resources Inc.'s Defensive Interval Ratio has evolved across 3 annual periods from 2019 to 2022. As of June 2023, the ratio stands at 145 days, meaning defensive assets of CA$1.87 Million can fund 145 days of operations without new revenue. See Canadian North Resources Inc. net asset quality index to measure how much of total assets are equity-financed.
Annual Defensive Interval Ratio for Canadian North Resources Inc. (2019–2022)
The table below presents the year-by-year Defensive Interval Ratio for Canadian North Resources Inc. from 2019 to 2022, 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 Canadian North Resources Inc. stock valuation.
| Year | DIR (days) | Defensive Assets (CAD) | Daily Cash Need | Cash | ST Investments | Change (days) |
|---|---|---|---|---|---|---|
| 2022 | 129 days | CA$1.24 Million | CA$9.62K/day | CA$- | CA$- | ▲ +118 days |
| 2020 | 11 days | CA$51.60K | CA$4.54K/day | CA$- | CA$- | ▲ +5 days |
| 2019 | 6 days | CA$51.60K | CA$8.58K/day | CA$- | CA$- | — |