Mkango Resources Ltd (MKA) — Defensive Interval Ratio

Latest as of March 2024: 23 days

Mkango Resources Ltd (MKA) has a Defensive Interval Ratio of 23 days as of March 2024. Defensive assets of CA$164.11K (cash CA$-, short-term investments CA$-, receivables CA$164.11K) cover 23 days of daily cash needs of CA$7.26K/day. See Mkango Resources Ltd (MKA) working capital ratio to evaluate short-term liquidity relative to the company's equity base.

Defensive Interval Ratio

23 days
Days of operational coverage

Defensive Assets

CA$164.11K
Cash + ST Investments + Receivables

Daily Cash Need

CA$7.26K
Current Liabilities ÷ 365

Current Liabilities

CA$2.65 Million
CAD

Mkango Resources Ltd Defensive Interval Ratio (2008–2023)

This chart shows how Mkango Resources Ltd's Defensive Interval Ratio has evolved across 16 annual periods from 2008 to 2023. As of March 2024, the ratio stands at 23 days, meaning defensive assets of CA$164.11K can fund 23 days of operations without new revenue. See Mkango Resources Ltd balance sheet independence to measure how much of total assets are equity-financed.

Annual Defensive Interval Ratio for Mkango Resources Ltd (2008–2023)

The table below presents the year-by-year Defensive Interval Ratio for Mkango Resources Ltd from 2008 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. For live market cap and the full company financial profile, see MKA market cap.

Year DIR (days) Defensive Assets (CAD) Daily Cash Need Cash ST Investments Change (days)
2023 81 days CA$449.76K CA$5.58K/day CA$- CA$- ▲ +10 days
2022 71 days CA$186.68K CA$2.63K/day CA$- CA$- ▲ +43 days
2021 28 days CA$98.11K CA$3.45K/day CA$- CA$- ▼ -228 days
2020 257 days CA$203.42K CA$792.05/day CA$- CA$- ▲ +112 days
2019 144 days CA$204.34K CA$1.41K/day CA$- CA$- ▲ +95 days
2018 49 days CA$209.50K CA$4.23K/day CA$- CA$- ▼ -135 days
2017 184 days CA$278.90K CA$1.51K/day CA$- CA$- ▼ -1028 days
2016 1212 days CA$563.24K CA$464.64/day CA$- CA$- ▲ +1205 days
2015 8 days CA$7.78K CA$1.03K/day CA$- CA$- ▼ -22 days
2014 30 days CA$20.86K CA$699.96/day CA$- CA$- ▼ -78 days
2013 107 days CA$61.72K CA$574.70/day CA$- CA$- ▲ +92 days
2012 15 days CA$5.96K CA$391.25/day CA$- CA$- ▲ +13 days
2011 3 days CA$7.10K CA$2.72K/day CA$- CA$- ▼ -4 days
2010 6 days CA$21.19K CA$3.31K/day CA$- CA$- ▼ -213 days
2009 220 days CA$6.48K CA$29.49/day CA$- CA$- ▲ +27 days
2008 193 days CA$5.53K CA$28.65/day CA$- CA$- —
DIR = (Cash + Short-term Investments + Net Receivables) / (Daily Cash Expenses)