Covalon Technologies Ltd. (COV) — Defensive Interval Ratio

Latest as of December 2025: 164 days

Covalon Technologies Ltd. (COV) has a Defensive Interval Ratio of 164 days as of December 2025. Defensive assets of CA$2.18 Million (cash CA$-, short-term investments CA$-, receivables CA$2.18 Million) cover 164 days of daily cash needs of CA$13.35K/day. See COV working capital ratio to evaluate short-term liquidity relative to the company's equity base.

Defensive Interval Ratio

164 days
Days of operational coverage

Defensive Assets

CA$2.18 Million
Cash + ST Investments + Receivables

Daily Cash Need

CA$13.35K
Current Liabilities ÷ 365

Current Liabilities

CA$4.87 Million
CAD

Covalon Technologies Ltd. Defensive Interval Ratio (2005–2025)

This chart shows how Covalon Technologies Ltd.'s Defensive Interval Ratio has evolved across 21 annual periods from 2005 to 2025. As of December 2025, the ratio stands at 164 days, meaning defensive assets of CA$2.18 Million can fund 164 days of operations without new revenue. See COV equity financing ratio to measure how much of total assets are equity-financed.

Annual Defensive Interval Ratio for Covalon Technologies Ltd. (2005–2025)

The table below presents the year-by-year Defensive Interval Ratio for Covalon Technologies Ltd. from 2005 to 2025, covering 21 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 market cap of Covalon Technologies Ltd..

Year DIR (days) Defensive Assets (CAD) Daily Cash Need Cash ST Investments Change (days)
2025 565 days CA$5.84 Million CA$10.33K/day CA$- CA$- ▲ +208 days
2024 357 days CA$3.91 Million CA$10.95K/day CA$- CA$- ▼ -76 days
2023 433 days CA$6.16 Million CA$14.22K/day CA$- CA$- ▲ +53 days
2022 381 days CA$4.73 Million CA$12.44K/day CA$- CA$- ▼ -87 days
2021 467 days CA$6.40 Million CA$13.69K/day CA$- CA$- ▲ +414 days
2020 54 days CA$3.33 Million CA$62.02K/day CA$- CA$- ▼ -20 days
2019 74 days CA$3.64 Million CA$49.16K/day CA$- CA$- ▼ -216 days
2018 290 days CA$5.13 Million CA$17.69K/day CA$- CA$- ▼ -68 days
2017 358 days CA$2.75 Million CA$7.68K/day CA$- CA$- ▲ +252 days
2016 106 days CA$614.62K CA$5.80K/day CA$- CA$0.00 ▼ -321 days
2015 427 days CA$2.67 Million CA$6.26K/day CA$- CA$547.04K ▲ +111 days
2014 315 days CA$1.19 Million CA$3.76K/day CA$- CA$541.00K ▼ -2 days
2013 317 days CA$1.68 Million CA$5.31K/day CA$- CA$500.00K ▲ +124 days
2012 194 days CA$1.21 Million CA$6.26K/day CA$- CA$500.00K ▼ -11 days
2011 205 days CA$961.81K CA$4.70K/day CA$- CA$500.00K ▲ +18 days
2010 186 days CA$922.73K CA$4.96K/day CA$- CA$500.00K ▼ -172 days
2009 359 days CA$1.26 Million CA$3.52K/day CA$- CA$500.00K ▼ -2494 days
2008 2853 days CA$9.32 Million CA$3.27K/day CA$- CA$9.08 Million ▲ +1535 days
2007 1318 days CA$9.57 Million CA$7.26K/day CA$- CA$9.25 Million ▲ +1112 days
2006 206 days CA$297.55K CA$1.45K/day CA$- CA$- ▲ +176 days
2005 30 days CA$58.77K CA$1.94K/day CA$- CA$- —
DIR = (Cash + Short-term Investments + Net Receivables) / (Daily Cash Expenses)