Fredonia Mining Inc (FRED) — Defensive Interval Ratio
Fredonia Mining Inc (FRED) has a Defensive Interval Ratio of 136 days as of June 2023. Defensive assets of CA$165.82K (cash CA$-, short-term investments CA$-, receivables CA$165.82K) cover 136 days of daily cash needs of CA$1.22K/day.
Defensive Interval Ratio
Defensive Assets
Daily Cash Need
Current Liabilities
Fredonia Mining Inc Defensive Interval Ratio (2019–2022)
This chart shows how Fredonia Mining Inc's Defensive Interval Ratio has evolved across 4 annual periods from 2019 to 2022. As of June 2023, the ratio stands at 136 days, meaning defensive assets of CA$165.82K can fund 136 days of operations without new revenue. For the complete balance sheet picture, see Fredonia Mining Inc asset portfolio.
Annual Defensive Interval Ratio for Fredonia Mining Inc (2019–2022)
The table below presents the year-by-year Defensive Interval Ratio for Fredonia Mining Inc from 2019 to 2022, covering 4 annual filings. Each row shows defensive assets, daily cash need, the DIR in days, and the change in days compared to the prior year. See Fredonia Mining Inc (FRED) liquidity to equity ratio to evaluate short-term liquidity relative to the company's equity base.
| Year | DIR (days) | Defensive Assets (CAD) | Daily Cash Need | Cash | ST Investments | Change (days) |
|---|---|---|---|---|---|---|
| 2022 | 109 days | CA$135.94K | CA$1.24K/day | CA$- | CA$- | ▲ +64 days |
| 2021 | 45 days | CA$159.51K | CA$3.51K/day | CA$- | CA$- | ▲ +42 days |
| 2020 | 3 days | CA$4.96K | CA$1.59K/day | CA$- | CA$- | ▲ +2 days |
| 2019 | 1 days | CA$1.21K | CA$874.87/day | CA$- | CA$- | — |