Electric Royalties Ltd (ELEC) — Defensive Interval Ratio
Electric Royalties Ltd (ELEC) has a Defensive Interval Ratio of 730 days as of September 2023. Defensive assets of CA$180.58K (cash CA$-, short-term investments CA$-, receivables CA$180.58K) cover 730 days of daily cash needs of CA$247.21/day. Check tangible net worth ratio of Electric Royalties Ltd to evaluate the tangible quality of the company's equity base.
Defensive Interval Ratio
Defensive Assets
Daily Cash Need
Current Liabilities
Electric Royalties Ltd Defensive Interval Ratio (2019–2022)
This chart shows how Electric Royalties Ltd's Defensive Interval Ratio has evolved across 3 annual periods from 2019 to 2022. As of September 2023, the ratio stands at 730 days, meaning defensive assets of CA$180.58K can fund 730 days of operations without new revenue. Also explore Electric Royalties Ltd equity growth rate to track the company's year-over-year net asset growth rate.
Annual Defensive Interval Ratio for Electric Royalties Ltd (2019–2022)
The table below presents the year-by-year Defensive Interval Ratio for Electric Royalties Ltd 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 Electric Royalties Ltd stock valuation.
| Year | DIR (days) | Defensive Assets (CAD) | Daily Cash Need | Cash | ST Investments | Change (days) |
|---|---|---|---|---|---|---|
| 2022 | 97 days | CA$36.47K | CA$375.17/day | CA$- | CA$- | ▼ -293 days |
| 2020 | 390 days | CA$131.62K | CA$337.16/day | CA$- | CA$- | ▲ +375 days |
| 2019 | 15 days | CA$2.19K | CA$145.70/day | CA$- | CA$- | — |