Logan Energy Corp (LGN) — Defensive Interval Ratio
Logan Energy Corp (LGN) has a Defensive Interval Ratio of 99 days as of June 2024. Defensive assets of CA$11.24 Million (cash CA$-, short-term investments CA$-, receivables CA$11.24 Million) cover 99 days of daily cash needs of CA$113.39K/day.
Defensive Interval Ratio
Defensive Assets
Daily Cash Need
Current Liabilities
Logan Energy Corp Defensive Interval Ratio (2022–2023)
This chart shows how Logan Energy Corp's Defensive Interval Ratio has evolved across 2 annual periods from 2022 to 2023. As of June 2024, the ratio stands at 99 days, meaning defensive assets of CA$11.24 Million can fund 99 days of operations without new revenue. For the complete balance sheet picture, see Logan Energy Corp assets under control.
Annual Defensive Interval Ratio for Logan Energy Corp (2022–2023)
The table below presents the year-by-year Defensive Interval Ratio for Logan Energy Corp from 2022 to 2023, covering 2 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 LGN current assets to equity 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 | 159 days | CA$11.98 Million | CA$75.45K/day | CA$- | CA$- | ▼ -218 days |
| 2022 | 377 days | CA$8.76 Million | CA$23.24K/day | CA$- | CA$- | — |