Ridgestone Mining Inc Defensive Interval Ratio
Ridgestone Mining Inc defensive interval ratio. Ridgestone Mining Inc (RMI) has a Defensive Interval Ratio of 3 days as of June 2023. Defensive assets of CA$5.91K (cash CA$-, short-term investments CA$-, receivables CA$5.91K) cover 3 days of daily cash needs of CA$2.24K/day. See Ridgestone Mining Inc working capital to net assets 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 Ridgestone Mining Inc (2017–2021)
Defensive interval ratio of Ridgestone Mining Inc from 2017 to 2021. This chart shows how Ridgestone Mining Inc's Defensive Interval Ratio has evolved across 5 annual periods from 2017 to 2021. As of June 2023, the ratio stands at 3 days, meaning defensive assets of CA$5.91K can fund 3 days of operations without new revenue. Read Ridgestone Mining Inc (RMI) financial obligations for a breakdown of total debt and financial obligations.
Ridgestone Mining Inc Defensive Interval Ratio by Year (2017–2021)
Ridgestone Mining Inc defensive interval ratio by year from 2017 to 2021. The table below presents the year-by-year Defensive Interval Ratio for Ridgestone Mining Inc from 2017 to 2021, covering 5 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 Ridgestone Mining Inc asset portfolio.
| Year | DIR (days) | Defensive Assets (CAD) | Daily Cash Need | Cash | ST Investments | Change (days) |
|---|---|---|---|---|---|---|
| 2021 | 82 days | CA$54.56K | CA$667.42/day | CA$- | CA$- | ▲ +64 days |
| 2020 | 17 days | CA$34.15K | CA$1.97K/day | CA$- | CA$- | ▼ -36 days |
| 2019 | 53 days | CA$21.68K | CA$405.68/day | CA$- | CA$- | ▼ -27 days |
| 2018 | 81 days | CA$14.90K | CA$184.86/day | CA$- | CA$- | ▲ +53 days |
| 2017 | 28 days | CA$1.23K | CA$44.07/day | CA$- | CA$- | — |