Magnetic North Acquisition Corp Defensive Interval Ratio
Magnetic North Acquisition Corp 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 MNC net working capital ratio to evaluate short-term liquidity relative to the company's equity base.
Defensive Interval Ratio
Defensive Assets
Daily Cash Need
Current Liabilities
Defensive Interval Ratio of Magnetic North Acquisition Corp (2017–2023)
Defensive interval ratio of Magnetic North Acquisition Corp from 2017 to 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. Check MNC asset resilience ratio to evaluate the company's liquid asset resilience ratio.
Magnetic North Acquisition Corp Defensive Interval Ratio by Year (2017–2023)
Magnetic North Acquisition Corp defensive interval ratio by year from 2017 to 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 the complete balance sheet picture, see Magnetic North Acquisition Corp total assets.
| 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 | — |