Fredonia Mining Inc Defensive Interval Ratio
Fredonia Mining Inc 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. See Fredonia Mining Inc short-term liquidity ratio 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 Fredonia Mining Inc (2019–2022)
Defensive interval ratio of Fredonia Mining Inc from 2019 to 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. Read total liabilities of Fredonia Mining Inc for a breakdown of total debt and financial obligations.
Fredonia Mining Inc Defensive Interval Ratio by Year (2019–2022)
Fredonia Mining Inc defensive interval ratio by year from 2019 to 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. For the complete balance sheet picture, see Fredonia Mining Inc total assets.
| 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$- | — |