Nickel North Exploration Corp (NNX) — Defensive Interval Ratio

Latest as of March 2024: 3 days

Nickel North Exploration Corp (NNX) has a Defensive Interval Ratio of 3 days as of March 2024. Defensive assets of CA$16.75K (cash CA$-, short-term investments CA$-, receivables CA$16.75K) cover 3 days of daily cash needs of CA$6.55K/day.

Defensive Interval Ratio

3 days
Days of operational coverage

Defensive Assets

CA$16.75K
Cash + ST Investments + Receivables

Daily Cash Need

CA$6.55K
Current Liabilities ÷ 365

Current Liabilities

CA$2.39 Million
CAD

Nickel North Exploration Corp Defensive Interval Ratio (2007–2023)

This chart shows how Nickel North Exploration Corp's Defensive Interval Ratio has evolved across 14 annual periods from 2007 to 2023. As of March 2024, the ratio stands at 3 days, meaning defensive assets of CA$16.75K can fund 3 days of operations without new revenue. For the complete balance sheet picture, see NNX asset base.

Annual Defensive Interval Ratio for Nickel North Exploration Corp (2007–2023)

The table below presents the year-by-year Defensive Interval Ratio for Nickel North Exploration Corp from 2007 to 2023, covering 14 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 Nickel North Exploration Corp short-term liquidity ratio 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 2 days CA$13.81K CA$6.24K/day CA$- CA$- ▼ -5 days
2022 7 days CA$36.67K CA$5.09K/day CA$- CA$- ▲ +5 days
2021 2 days CA$11.51K CA$4.91K/day CA$- CA$- ▲ +1 days
2020 1 days CA$5.20K CA$4.52K/day CA$- CA$- ▼ -1 days
2019 2 days CA$6.52K CA$3.72K/day CA$- CA$- ▼ -16 days
2018 17 days CA$47.13K CA$2.72K/day CA$- CA$40.00K ▼ -46 days
2017 63 days CA$111.99K CA$1.78K/day CA$- CA$100.00K ▼ -198 days
2016 261 days CA$305.98K CA$1.17K/day CA$- CA$300.00K ▼ -2638 days
2015 2899 days CA$298.30K CA$102.89/day CA$- CA$150.00K ▲ +2800 days
2014 99 days CA$286.33K CA$2.89K/day CA$- CA$- ▼ -762 days
2013 861 days CA$1.27 Million CA$1.47K/day CA$- CA$- ▲ +858 days
2011 3 days CA$2.59K CA$910.99/day CA$- CA$- ▼ -29 days
2008 32 days CA$15.71K CA$495.27/day CA$- CA$- ▼ -97 days
2007 129 days CA$5.79K CA$44.93/day CA$- CA$- —
DIR = (Cash + Short-term Investments + Net Receivables) / (Daily Cash Expenses)