Magnetic North Acquisition Corp (MNC) — Defensive Interval Ratio
Magnetic North Acquisition Corp (MNC) has a Defensive Interval Ratio of 6 days as of September 2024. Defensive assets of CA$63.67K (cash CA$-, short-term investments CA$27.40K, receivables CA$36.27K) cover 6 days of daily cash needs of CA$11.01K/day. See how liquid is Magnetic North Acquisition Corp's working capital to evaluate short-term liquidity relative to the company's equity base.
Defensive Interval Ratio
Defensive Assets
Daily Cash Need
Current Liabilities
Magnetic North Acquisition Corp Defensive Interval Ratio (2017–2023)
This chart shows how Magnetic North Acquisition Corp's Defensive Interval Ratio has evolved across 6 annual periods from 2017 to 2023. As of September 2024, the ratio stands at 6 days, meaning defensive assets of CA$63.67K can fund 6 days of operations without new revenue. See Magnetic North Acquisition Corp net asset quality index to measure how much of total assets are equity-financed.
Annual Defensive Interval Ratio for Magnetic North Acquisition Corp (2017–2023)
The table below presents the year-by-year Defensive Interval Ratio for Magnetic North Acquisition Corp from 2017 to 2023, covering 6 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 how much is Magnetic North Acquisition Corp worth.
| Year | DIR (days) | Defensive Assets (CAD) | Daily Cash Need | Cash | ST Investments | Change (days) |
|---|---|---|---|---|---|---|
| 2023 | 1 days | CA$32.28K | CA$41.72K/day | CA$- | CA$27.40K | ▼ -14 days |
| 2022 | 15 days | CA$57.29K | CA$3.90K/day | CA$- | CA$27.40K | ▼ 0 days |
| 2021 | 15 days | CA$45.38K | CA$3.02K/day | CA$- | CA$27.40K | ▼ -49 days |
| 2020 | 64 days | CA$92.82K | CA$1.45K/day | CA$- | CA$- | ▲ +23 days |
| 2019 | 41 days | CA$39.45K | CA$958.57/day | CA$- | CA$22.79K | ▼ -217 days |
| 2017 | 259 days | CA$286.77K | CA$1.11K/day | CA$- | CA$286.77K | — |