Ion Energy Ltd (ION) — Defensive Interval Ratio

Latest as of March 2024: 54 days

Ion Energy Ltd (ION) has a Defensive Interval Ratio of 54 days as of March 2024. Defensive assets of CA$129.18K (cash CA$-, short-term investments CA$-, receivables CA$129.18K) cover 54 days of daily cash needs of CA$2.39K/day.

Defensive Interval Ratio

54 days
Days of operational coverage

Defensive Assets

CA$129.18K
Cash + ST Investments + Receivables

Daily Cash Need

CA$2.39K
Current Liabilities ÷ 365

Current Liabilities

CA$870.58K
CAD

Ion Energy Ltd Defensive Interval Ratio (2013–2023)

This chart shows how Ion Energy Ltd's Defensive Interval Ratio has evolved across 10 annual periods from 2013 to 2023. As of March 2024, the ratio stands at 54 days, meaning defensive assets of CA$129.18K can fund 54 days of operations without new revenue. For the complete balance sheet picture, see Ion Energy Ltd asset portfolio.

Annual Defensive Interval Ratio for Ion Energy Ltd (2013–2023)

The table below presents the year-by-year Defensive Interval Ratio for Ion Energy Ltd from 2013 to 2023, 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. See working capital to net assets of Ion Energy Ltd 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 118 days CA$291.31K CA$2.48K/day CA$- CA$- ▼ -429 days
2022 546 days CA$383.34K CA$701.77/day CA$- CA$- ▲ +480 days
2021 66 days CA$144.03K CA$2.17K/day CA$- CA$- ▲ +66 days
2020 0 days CA$0.00 CA$868.78/day CA$- CA$- ▼ -1 days
2019 1 days CA$4.42K CA$2.98K/day CA$- CA$- ▼ -120 days
2018 122 days CA$4.00K CA$32.78/day CA$- CA$- ▲ +93 days
2016 29 days CA$20.88K CA$723.65/day CA$- CA$- ▼ -30 days
2015 59 days CA$24.48K CA$418.18/day CA$- CA$- ▼ -5780 days
2014 5838 days CA$1.14 Million CA$195.56/day CA$- CA$1.09 Million ▲ +4013 days
2013 1826 days CA$1.47 Million CA$804.31/day CA$- CA$1.38 Million —
DIR = (Cash + Short-term Investments + Net Receivables) / (Daily Cash Expenses)