Defense Metals Corp Defensive Interval Ratio
Defense Metals Corp defensive interval ratio. Defense Metals Corp (DEFN) has a Defensive Interval Ratio of 67 days as of December 2023. Defensive assets of CA$246.96K (cash CA$-, short-term investments CA$-, receivables CA$246.96K) cover 67 days of daily cash needs of CA$3.71K/day. See working capital position of Defense Metals Corp to evaluate short-term liquidity relative to the company's equity base.
Defensive Interval Ratio
Defensive Assets
Daily Cash Need
Current Liabilities
Defensive Interval Ratio of Defense Metals Corp (2019–2023)
Defensive interval ratio of Defense Metals Corp from 2019 to 2023. This chart shows how Defense Metals Corp's Defensive Interval Ratio has evolved across 5 annual periods from 2019 to 2023. As of December 2023, the ratio stands at 67 days, meaning defensive assets of CA$246.96K can fund 67 days of operations without new revenue. Read Defense Metals Corp debt and liabilities for a breakdown of total debt and financial obligations.
Defense Metals Corp Defensive Interval Ratio by Year (2019–2023)
Defense Metals Corp defensive interval ratio by year from 2019 to 2023. The table below presents the year-by-year Defensive Interval Ratio for Defense Metals Corp from 2019 to 2023, covering 5 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 total assets of Defense Metals Corp.
| Year | DIR (days) | Defensive Assets (CAD) | Daily Cash Need | Cash | ST Investments | Change (days) |
|---|---|---|---|---|---|---|
| 2023 | 106 days | CA$189.82K | CA$1.80K/day | CA$- | CA$- | ▼ -7 days |
| 2022 | 113 days | CA$206.78K | CA$1.83K/day | CA$- | CA$- | ▼ -223 days |
| 2021 | 336 days | CA$301.81K | CA$898.27/day | CA$- | CA$- | ▲ +319 days |
| 2020 | 17 days | CA$9.57K | CA$567.96/day | CA$- | CA$- | ▼ -162 days |
| 2019 | 179 days | CA$28.05K | CA$157.01/day | CA$- | CA$- | — |