GGL Resources Corp (GGL) — Defensive Interval Ratio

Latest as of August 2023: 98 days

GGL Resources Corp (GGL) has a Defensive Interval Ratio of 98 days as of August 2023. Defensive assets of CA$32.92K (cash CA$-, short-term investments CA$-, receivables CA$32.92K) cover 98 days of daily cash needs of CA$337.13/day. For the complete balance sheet picture, see how large is GGL Resources Corp's balance sheet.

Defensive Interval Ratio

98 days
Days of operational coverage

Defensive Assets

CA$32.92K
Cash + ST Investments + Receivables

Daily Cash Need

CA$337.13
Current Liabilities ÷ 365

Current Liabilities

CA$123.05K
CAD

GGL Resources Corp Defensive Interval Ratio (2013–2022)

This chart shows how GGL Resources Corp's Defensive Interval Ratio has evolved across 10 annual periods from 2013 to 2022. As of August 2023, the ratio stands at 98 days, meaning defensive assets of CA$32.92K can fund 98 days of operations without new revenue. Check GGL asset resilience ratio to evaluate the company's liquid asset resilience ratio.

Annual Defensive Interval Ratio for GGL Resources Corp (2013–2022)

The table below presents the year-by-year Defensive Interval Ratio for GGL Resources Corp from 2013 to 2022, covering 10 annual filings. Each row shows defensive assets, daily cash need, the DIR in days, and the change in days compared to the prior year.

Year DIR (days) Defensive Assets (CAD) Daily Cash Need Cash ST Investments Change (days)
2022 0 days CA$0.00 CA$1.60K/day CA$- CA$0.00 ▼ -8 days
2021 8 days CA$3.18K CA$403.06/day CA$- CA$1.00 ▼ -21 days
2020 29 days CA$14.07K CA$486.68/day CA$- CA$1.00 ▼ -64 days
2019 93 days CA$19.67K CA$211.41/day CA$- CA$1.00 ▼ -411 days
2018 504 days CA$127.56K CA$253.02/day CA$- CA$95.00K ▲ +35 days
2017 469 days CA$250.29K CA$533.63/day CA$- CA$155.00K ▲ +452 days
2016 17 days CA$17.36K CA$1.01K/day CA$- CA$1.00 ▲ +5 days
2015 13 days CA$12.75K CA$1.01K/day CA$- CA$- ▼ -126 days
2014 139 days CA$369.38K CA$2.66K/day CA$- CA$- ▲ +100 days
2013 39 days CA$79.86K CA$2.07K/day CA$- CA$- —
DIR = (Cash + Short-term Investments + Net Receivables) / (Daily Cash Expenses)