Majestic Gold Corp. (MJS) — Defensive Interval Ratio

Latest as of March 2024: 46 days

Majestic Gold Corp. (MJS) has a Defensive Interval Ratio of 46 days as of March 2024. Defensive assets of CA$2.84 Million (cash CA$-, short-term investments CA$-, receivables CA$2.84 Million) cover 46 days of daily cash needs of CA$61.48K/day.

Defensive Interval Ratio

46 days
Days of operational coverage

Defensive Assets

CA$2.84 Million
Cash + ST Investments + Receivables

Daily Cash Need

CA$61.48K
Current Liabilities ÷ 365

Current Liabilities

CA$22.44 Million
CAD

Majestic Gold Corp. Defensive Interval Ratio (2002–2023)

This chart shows how Majestic Gold Corp.'s Defensive Interval Ratio has evolved across 22 annual periods from 2002 to 2023. As of March 2024, the ratio stands at 46 days, meaning defensive assets of CA$2.84 Million can fund 46 days of operations without new revenue. For the complete balance sheet picture, see Majestic Gold Corp. asset portfolio.

Annual Defensive Interval Ratio for Majestic Gold Corp. (2002–2023)

The table below presents the year-by-year Defensive Interval Ratio for Majestic Gold Corp. from 2002 to 2023, covering 22 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 MJS 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)
2023 15 days CA$1.03 Million CA$70.88K/day CA$- CA$0.00 ▼ -135 days
2022 149 days CA$8.61 Million CA$57.70K/day CA$- CA$7.38 Million ▲ +145 days
2021 4 days CA$272.70K CA$67.85K/day CA$- CA$0.00 ▲ +4 days
2020 0 days CA$18.31K CA$87.45K/day CA$- CA$- ▼ -1 days
2019 1 days CA$57.83K CA$66.84K/day CA$- CA$42.34K ▼ -6 days
2018 6 days CA$517.54K CA$79.95K/day CA$- CA$- ▼ -19 days
2017 25 days CA$2.19 Million CA$86.16K/day CA$- CA$301.07K ▲ +23 days
2016 2 days CA$217.02K CA$90.52K/day CA$- CA$0.00 ▼ -15 days
2015 17 days CA$1.41 Million CA$83.01K/day CA$- CA$196.45K ▲ +13 days
2014 4 days CA$257.76K CA$61.13K/day CA$- CA$34.38K ▼ -5 days
2013 9 days CA$567.48K CA$61.77K/day CA$- CA$26.24K ▼ -2 days
2012 12 days CA$673.23K CA$58.22K/day CA$- CA$82.71K ▼ -17 days
2011 29 days CA$439.93K CA$15.23K/day CA$- CA$145.07K ▼ -78 days
2010 107 days CA$1.28 Million CA$11.92K/day CA$- CA$213.50K ▼ -251 days
2009 359 days CA$3.06 Million CA$8.52K/day CA$- CA$44.99K ▲ +339 days
2008 20 days CA$181.61K CA$9.08K/day CA$- CA$149.72K ▼ -25 days
2007 45 days CA$164.16K CA$3.62K/day CA$- CA$- ▲ +31 days
2006 14 days CA$30.75K CA$2.19K/day CA$- CA$- ▼ -172 days
2005 186 days CA$353.02K CA$1.90K/day CA$- CA$- ▲ +175 days
2004 10 days CA$11.47K CA$1.10K/day CA$- CA$- ▼ -35 days
2003 46 days CA$10.42K CA$228.32/day CA$- CA$- ▲ +44 days
2002 1 days CA$114.05 CA$98.20/day CA$- CA$- —
DIR = (Cash + Short-term Investments + Net Receivables) / (Daily Cash Expenses)