Q-Gold Resources Ltd (QGR) — Defensive Interval Ratio

Latest as of June 2023: 35 days

Q-Gold Resources Ltd (QGR) has a Defensive Interval Ratio of 35 days as of June 2023. Defensive assets of CA$175.12K (cash CA$-, short-term investments CA$-, receivables CA$175.12K) cover 35 days of daily cash needs of CA$4.94K/day. See QGR net working capital ratio to evaluate short-term liquidity relative to the company's equity base.

Defensive Interval Ratio

35 days
Days of operational coverage

Defensive Assets

CA$175.12K
Cash + ST Investments + Receivables

Daily Cash Need

CA$4.94K
Current Liabilities ÷ 365

Current Liabilities

CA$1.80 Million
CAD

Q-Gold Resources Ltd Defensive Interval Ratio (2013–2021)

This chart shows how Q-Gold Resources Ltd's Defensive Interval Ratio has evolved across 9 annual periods from 2013 to 2021. As of June 2023, the ratio stands at 35 days, meaning defensive assets of CA$175.12K can fund 35 days of operations without new revenue. See how leveraged is Q-Gold Resources Ltd's balance sheet to measure how much of total assets are equity-financed.

Annual Defensive Interval Ratio for Q-Gold Resources Ltd (2013–2021)

The table below presents the year-by-year Defensive Interval Ratio for Q-Gold Resources Ltd from 2013 to 2021, 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 Q-Gold Resources Ltd (QGR) total market value.

Year DIR (days) Defensive Assets (CAD) Daily Cash Need Cash ST Investments Change (days)
2021 523 days CA$1.32 Million CA$2.53K/day CA$- CA$- ▼ -383 days
2020 906 days CA$1.37 Million CA$1.51K/day CA$- CA$- ▲ +842 days
2019 64 days CA$30.32K CA$470.79/day CA$- CA$- ▼ -105 days
2018 170 days CA$35.78K CA$210.84/day CA$- CA$- ▲ +163 days
2017 6 days CA$1.91K CA$302.86/day CA$- CA$- ▲ +4 days
2016 2 days CA$2.68K CA$1.48K/day CA$- CA$- ▼ -1 days
2015 3 days CA$3.12K CA$1.10K/day CA$- CA$- ▼ -1 days
2014 4 days CA$5.46K CA$1.55K/day CA$- CA$- ▲ +0 days
2013 3 days CA$5.99K CA$1.87K/day CA$- CA$- —
DIR = (Cash + Short-term Investments + Net Receivables) / (Daily Cash Expenses)