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. See how liquid is Fredonia Mining Inc's working capital to evaluate short-term liquidity relative to the company's equity base.
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. See Fredonia Mining Inc balance sheet independence to measure how much of total assets are equity-financed.
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. For live market cap and the full company financial profile, see Fredonia Mining Inc market capitalisation.
| 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$- | — |