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.
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. For the complete balance sheet picture, see balance sheet size of Magnetic North Acquisition Corp.
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. See working capital to net assets of Magnetic North Acquisition Corp 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 | 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 | — |