Midland Exploration Inc (MD) — Defensive Interval Ratio

Latest as of March 2026: 697 days

Midland Exploration Inc (MD) has a Defensive Interval Ratio of 697 days as of March 2026. Defensive assets of CA$3.15 Million (cash CA$-, short-term investments CA$3.02 Million, receivables CA$130.80K) cover 697 days of daily cash needs of CA$4.52K/day.

Defensive Interval Ratio

697 days
Days of operational coverage

Defensive Assets

CA$3.15 Million
Cash + ST Investments + Receivables

Daily Cash Need

CA$4.52K
Current Liabilities ÷ 365

Current Liabilities

CA$1.65 Million
CAD

Midland Exploration Inc Defensive Interval Ratio (2006–2025)

This chart shows how Midland Exploration Inc's Defensive Interval Ratio has evolved across 20 annual periods from 2006 to 2025. As of March 2026, the ratio stands at 697 days, meaning defensive assets of CA$3.15 Million can fund 697 days of operations without new revenue. For the complete balance sheet picture, see balance sheet size of Midland Exploration Inc.

Annual Defensive Interval Ratio for Midland Exploration Inc (2006–2025)

The table below presents the year-by-year Defensive Interval Ratio for Midland Exploration Inc from 2006 to 2025, covering 20 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 Midland Exploration Inc (MD) working capital 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)
2025 1235 days CA$6.84 Million CA$5.53K/day CA$- CA$6.69 Million ▲ +507 days
2024 728 days CA$3.39 Million CA$4.65K/day CA$- CA$3.19 Million ▲ +117 days
2023 611 days CA$3.12 Million CA$5.11K/day CA$- CA$2.51 Million ▼ -1424 days
2022 2035 days CA$4.86 Million CA$2.39K/day CA$- CA$4.52 Million ▲ +213 days
2021 1822 days CA$7.45 Million CA$4.09K/day CA$- CA$5.94 Million ▼ -1291 days
2020 3113 days CA$10.90 Million CA$3.50K/day CA$- CA$9.72 Million ▼ -1945 days
2019 5058 days CA$14.64 Million CA$2.89K/day CA$- CA$12.49 Million ▲ +508 days
2018 4549 days CA$7.80 Million CA$1.71K/day CA$- CA$6.55 Million ▲ +1068 days
2017 3481 days CA$7.81 Million CA$2.24K/day CA$- CA$6.50 Million ▼ -1948 days
2016 5429 days CA$9.84 Million CA$1.81K/day CA$- CA$8.73 Million ▲ +3228 days
2015 2201 days CA$4.89 Million CA$2.22K/day CA$- CA$4.54 Million ▲ +1223 days
2014 977 days CA$2.31 Million CA$2.36K/day CA$- CA$2.06 Million ▼ -1591 days
2013 2568 days CA$2.40 Million CA$934.39/day CA$- CA$2.06 Million ▼ -2941 days
2012 5509 days CA$2.96 Million CA$537.35/day CA$- CA$2.53 Million ▲ +2452 days
2011 3057 days CA$3.95 Million CA$1.29K/day CA$- CA$2.94 Million ▼ -620 days
2010 3677 days CA$3.25 Million CA$883.60/day CA$- CA$2.90 Million ▲ +2859 days
2009 818 days CA$971.89K CA$1.19K/day CA$- CA$900.73K ▲ +498 days
2008 320 days CA$347.50K CA$1.09K/day CA$- CA$- ▲ +197 days
2007 123 days CA$144.39K CA$1.18K/day CA$- CA$- ▲ +112 days
2006 11 days CA$7.30K CA$664.20/day CA$- CA$- —
DIR = (Cash + Short-term Investments + Net Receivables) / (Daily Cash Expenses)