New Destiny Mining Corp (NED) — Defensive Interval Ratio

Latest as of March 2023: 3 days

New Destiny Mining Corp (NED) has a Defensive Interval Ratio of 3 days as of March 2023. Defensive assets of CA$4.65K (cash CA$-, short-term investments CA$-, receivables CA$4.65K) cover 3 days of daily cash needs of CA$1.62K/day. See New Destiny Mining Corp working capital to net assets to evaluate short-term liquidity relative to the company's equity base.

Defensive Interval Ratio

3 days
Days of operational coverage

Defensive Assets

CA$4.65K
Cash + ST Investments + Receivables

Daily Cash Need

CA$1.62K
Current Liabilities ÷ 365

Current Liabilities

CA$590.21K
CAD

New Destiny Mining Corp Defensive Interval Ratio (2014–2022)

This chart shows how New Destiny Mining Corp's Defensive Interval Ratio has evolved across 9 annual periods from 2014 to 2022. As of March 2023, the ratio stands at 3 days, meaning defensive assets of CA$4.65K can fund 3 days of operations without new revenue. See New Destiny Mining Corp balance sheet independence to measure how much of total assets are equity-financed.

Annual Defensive Interval Ratio for New Destiny Mining Corp (2014–2022)

The table below presents the year-by-year Defensive Interval Ratio for New Destiny Mining Corp from 2014 to 2022, covering 9 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 NED market cap.

Year DIR (days) Defensive Assets (CAD) Daily Cash Need Cash ST Investments Change (days)
2022 1 days CA$1.10K CA$1.60K/day CA$- CA$- ▼ -1 days
2021 2 days CA$2.83K CA$1.56K/day CA$- CA$- ▲ +0 days
2020 1 days CA$2.00K CA$1.48K/day CA$- CA$- ▼ -1 days
2019 2 days CA$3.40K CA$1.37K/day CA$- CA$- ▼ -23 days
2018 25 days CA$13.55K CA$536.08/day CA$- CA$- ▲ +22 days
2017 3 days CA$1.30K CA$409.92/day CA$- CA$- ▲ +0 days
2016 3 days CA$1.48K CA$550.62/day CA$- CA$- ▼ -6 days
2015 8 days CA$2.18K CA$265.90/day CA$- CA$- ▼ -17 days
2014 25 days CA$6.68K CA$264.98/day CA$- CA$- —
DIR = (Cash + Short-term Investments + Net Receivables) / (Daily Cash Expenses)