Highland Copper Company Inc. (HI) — Defensive Interval Ratio

Latest as of March 2024: 35 days

Highland Copper Company Inc. (HI) has a Defensive Interval Ratio of 35 days as of March 2024. Defensive assets of CA$61.48K (cash CA$-, short-term investments CA$-, receivables CA$61.48K) cover 35 days of daily cash needs of CA$1.75K/day.

Defensive Interval Ratio

35 days
Days of operational coverage

Defensive Assets

CA$61.48K
Cash + ST Investments + Receivables

Daily Cash Need

CA$1.75K
Current Liabilities ÷ 365

Current Liabilities

CA$640.38K
CAD

Highland Copper Company Inc. Defensive Interval Ratio (2007–2023)

This chart shows how Highland Copper Company Inc.'s Defensive Interval Ratio has evolved across 16 annual periods from 2007 to 2023. As of March 2024, the ratio stands at 35 days, meaning defensive assets of CA$61.48K can fund 35 days of operations without new revenue. For the complete balance sheet picture, see how large is Highland Copper Company Inc.'s balance sheet.

Annual Defensive Interval Ratio for Highland Copper Company Inc. (2007–2023)

The table below presents the year-by-year Defensive Interval Ratio for Highland Copper Company Inc. from 2007 to 2023, covering 16 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 Highland Copper Company Inc. short-term liquidity 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)
2023 12 days CA$66.87K CA$5.47K/day CA$- CA$- ▼ -3 days
2022 15 days CA$51.04K CA$3.45K/day CA$- CA$- ▲ +15 days
2021 0 days CA$6.82K CA$71.81K/day CA$- CA$- ▼ 0 days
2020 0 days CA$7.28K CA$61.71K/day CA$- CA$- ▼ 0 days
2019 0 days CA$12.77K CA$51.09K/day CA$- CA$- ▼ -9 days
2018 10 days CA$132.09K CA$13.62K/day CA$- CA$- ▲ +5 days
2017 4 days CA$42.42K CA$9.82K/day CA$- CA$- ▲ +3 days
2015 2 days CA$43.90K CA$29.03K/day CA$- CA$- ▼ -5 days
2014 6 days CA$149.44K CA$24.30K/day CA$- CA$- ▼ -61 days
2013 67 days CA$70.80K CA$1.06K/day CA$- CA$- ▼ -346 days
2012 413 days CA$52.17K CA$126.38/day CA$- CA$- ▼ -12911 days
2011 13324 days CA$1.38 Million CA$103.62/day CA$- CA$1.34 Million ▲ +13258 days
2010 66 days CA$64.84K CA$978.47/day CA$- CA$- ▼ -560 days
2009 627 days CA$24.60K CA$39.25/day CA$- CA$- ▲ +589 days
2008 38 days CA$2.10K CA$55.62/day CA$- CA$- ▼ -86 days
2007 124 days CA$3.05K CA$24.56/day CA$- CA$- —
DIR = (Cash + Short-term Investments + Net Receivables) / (Daily Cash Expenses)