Giga Metals Corp (GIGA) — Defensive Interval Ratio

Latest as of March 2024: 108 days

Giga Metals Corp (GIGA) has a Defensive Interval Ratio of 108 days as of March 2024. Defensive assets of CA$78.74K (cash CA$-, short-term investments CA$-, receivables CA$78.74K) cover 108 days of daily cash needs of CA$731.87/day. Check GIGA intangible-adjusted equity ratio to evaluate the tangible quality of the company's equity base.

Defensive Interval Ratio

108 days
Days of operational coverage

Defensive Assets

CA$78.74K
Cash + ST Investments + Receivables

Daily Cash Need

CA$731.87
Current Liabilities ÷ 365

Current Liabilities

CA$267.13K
CAD

Giga Metals Corp Defensive Interval Ratio (2000–2023)

This chart shows how Giga Metals Corp's Defensive Interval Ratio has evolved across 23 annual periods from 2000 to 2023. As of March 2024, the ratio stands at 108 days, meaning defensive assets of CA$78.74K can fund 108 days of operations without new revenue. Also explore Giga Metals Corp (GIGA) net asset momentum to track the company's year-over-year net asset growth rate.

Annual Defensive Interval Ratio for Giga Metals Corp (2000–2023)

The table below presents the year-by-year Defensive Interval Ratio for Giga Metals Corp from 2000 to 2023, covering 23 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 market value of Giga Metals Corp.

Year DIR (days) Defensive Assets (CAD) Daily Cash Need Cash ST Investments Change (days)
2023 90 days CA$97.30K CA$1.08K/day CA$- CA$- ▲ +51 days
2022 39 days CA$75.10K CA$1.93K/day CA$- CA$- ▼ -191 days
2021 230 days CA$279.53K CA$1.21K/day CA$- CA$- ▲ +57 days
2020 173 days CA$103.74K CA$599.67/day CA$- CA$- ▼ -677 days
2019 850 days CA$1.07 Million CA$1.26K/day CA$- CA$0.00 ▼ -3552 days
2018 4402 days CA$3.77 Million CA$857.48/day CA$- CA$2.68 Million ▲ +4325 days
2017 77 days CA$30.65K CA$397.21/day CA$- CA$- ▼ -179 days
2016 256 days CA$10.50K CA$41.01/day CA$- CA$- ▼ -203 days
2015 459 days CA$19.92K CA$43.42/day CA$- CA$- ▲ +207 days
2014 252 days CA$18.37K CA$72.86/day CA$- CA$- ▼ -248 days
2013 501 days CA$26.63K CA$53.20/day CA$- CA$- ▲ +421 days
2012 80 days CA$42.36K CA$532.36/day CA$- CA$- ▲ +12 days
2011 68 days CA$47.13K CA$696.66/day CA$- CA$- ▼ -94 days
2010 162 days CA$163.58K CA$1.01K/day CA$- CA$- ▼ -1531 days
2009 1693 days CA$1.32 Million CA$782.27/day CA$- CA$- ▼ -3062 days
2008 4755 days CA$2.25 Million CA$473.26/day CA$- CA$- ▲ +4516 days
2007 239 days CA$486.72K CA$2.03K/day CA$- CA$- ▼ -50 days
2006 289 days CA$228.35K CA$790.53/day CA$- CA$- ▲ +40 days
2005 248 days CA$60.68K CA$244.22/day CA$- CA$- ▲ +148 days
2003 101 days CA$95.47K CA$947.56/day CA$- CA$- ▲ +46 days
2002 55 days CA$26.27K CA$479.05/day CA$- CA$- ▲ +52 days
2001 3 days CA$1.80K CA$625.72/day CA$- CA$- ▼ -1 days
2000 4 days CA$2.30K CA$642.79/day CA$- CA$- —
DIR = (Cash + Short-term Investments + Net Receivables) / (Daily Cash Expenses)