Elcora Advanced Materials Corp (ERA) — Defensive Interval Ratio

Latest as of December 2024: 6 days

Elcora Advanced Materials Corp (ERA) has a Defensive Interval Ratio of 6 days as of December 2024. Defensive assets of CA$51.64K (cash CA$-, short-term investments CA$51.64K, receivables CA$-) cover 6 days of daily cash needs of CA$8.81K/day. Check Elcora Advanced Materials Corp tangible net worth ratio to evaluate the tangible quality of the company's equity base.

Defensive Interval Ratio

6 days
Days of operational coverage

Defensive Assets

CA$51.64K
Cash + ST Investments + Receivables

Daily Cash Need

CA$8.81K
Current Liabilities ÷ 365

Current Liabilities

CA$3.21 Million
CAD

Elcora Advanced Materials Corp Defensive Interval Ratio (2013–2023)

This chart shows how Elcora Advanced Materials Corp's Defensive Interval Ratio has evolved across 11 annual periods from 2013 to 2023. As of December 2024, the ratio stands at 6 days, meaning defensive assets of CA$51.64K can fund 6 days of operations without new revenue. Also explore ERA net assets growth trend to track the company's year-over-year net asset growth rate.

Annual Defensive Interval Ratio for Elcora Advanced Materials Corp (2013–2023)

The table below presents the year-by-year Defensive Interval Ratio for Elcora Advanced Materials Corp from 2013 to 2023, covering 11 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 Elcora Advanced Materials Corp (ERA) total market value.

Year DIR (days) Defensive Assets (CAD) Daily Cash Need Cash ST Investments Change (days)
2023 8 days CA$31.80K CA$4.12K/day CA$- CA$- ▲ +6 days
2022 2 days CA$5.93K CA$3.09K/day CA$- CA$- ▼ -1 days
2021 3 days CA$15.77K CA$5.06K/day CA$- CA$- ▲ +3 days
2020 1 days CA$2.41K CA$4.13K/day CA$- CA$0.00 ▼ -7 days
2019 7 days CA$21.64K CA$2.92K/day CA$- CA$10.16K ▼ -53 days
2018 60 days CA$134.32K CA$2.23K/day CA$- CA$44.37K ▼ -27 days
2017 87 days CA$112.84K CA$1.30K/day CA$- CA$43.36K ▲ +26 days
2016 61 days CA$78.50K CA$1.29K/day CA$- CA$15.23K ▼ -108 days
2015 168 days CA$217.88K CA$1.29K/day CA$- CA$210.97K ▼ -89 days
2014 257 days CA$785.88K CA$3.06K/day CA$- CA$754.09K ▼ -454 days
2013 711 days CA$49.78K CA$69.99/day CA$- CA$- —
DIR = (Cash + Short-term Investments + Net Receivables) / (Daily Cash Expenses)