Spruce Ridge Resources Ltd. (SHL) — Defensive Interval Ratio
Spruce Ridge Resources Ltd. (SHL) has a Defensive Interval Ratio of 2436 days as of October 2025. Defensive assets of CA$3.00 Million (cash CA$-, short-term investments CA$3.00 Million, receivables CA$0.00) cover 2436 days of daily cash needs of CA$1.23K/day. Check Spruce Ridge Resources Ltd. (SHL) tangible net worth to evaluate the tangible quality of the company's equity base.
Defensive Interval Ratio
Defensive Assets
Daily Cash Need
Current Liabilities
Spruce Ridge Resources Ltd. Defensive Interval Ratio (2001–2025)
This chart shows how Spruce Ridge Resources Ltd.'s Defensive Interval Ratio has evolved across 25 annual periods from 2001 to 2025. As of October 2025, the ratio stands at 2436 days, meaning defensive assets of CA$3.00 Million can fund 2436 days of operations without new revenue. Also explore SHL year-over-year net asset growth to track the company's year-over-year net asset growth rate.
Annual Defensive Interval Ratio for Spruce Ridge Resources Ltd. (2001–2025)
The table below presents the year-by-year Defensive Interval Ratio for Spruce Ridge Resources Ltd. from 2001 to 2025, covering 25 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 market value of Spruce Ridge Resources Ltd..
| Year | DIR (days) | Defensive Assets (CAD) | Daily Cash Need | Cash | ST Investments | Change (days) |
|---|---|---|---|---|---|---|
| 2025 | 2496 days | CA$3.57 Million | CA$1.43K/day | CA$- | CA$3.57 Million | ▼ -8470 days |
| 2024 | 10966 days | CA$7.27 Million | CA$662.74/day | CA$- | CA$7.27 Million | ▼ -10201 days |
| 2023 | 21168 days | CA$9.23 Million | CA$436.05/day | CA$- | CA$9.09 Million | ▲ +13748 days |
| 2022 | 7419 days | CA$7.71 Million | CA$1.04K/day | CA$- | CA$6.74 Million | ▼ -1125 days |
| 2021 | 8545 days | CA$8.91 Million | CA$1.04K/day | CA$- | CA$8.75 Million | ▲ +3572 days |
| 2020 | 4972 days | CA$5.27 Million | CA$1.06K/day | CA$- | CA$4.67 Million | ▲ +4917 days |
| 2019 | 55 days | CA$82.19K | CA$1.48K/day | CA$- | CA$154.00 | ▲ +52 days |
| 2018 | 3 days | CA$5.63K | CA$1.75K/day | CA$- | CA$154.00 | ▼ -22 days |
| 2017 | 25 days | CA$28.98K | CA$1.14K/day | CA$- | CA$16.74K | ▼ -13 days |
| 2016 | 38 days | CA$72.95K | CA$1.90K/day | CA$- | CA$25.55K | ▲ +26 days |
| 2015 | 12 days | CA$18.08K | CA$1.50K/day | CA$- | CA$10.79K | ▼ -31 days |
| 2014 | 43 days | CA$57.17K | CA$1.32K/day | CA$- | CA$16.89K | ▼ -112 days |
| 2013 | 155 days | CA$119.59K | CA$770.76/day | CA$- | CA$82.45K | ▼ -309 days |
| 2012 | 464 days | CA$209.62K | CA$451.98/day | CA$- | CA$191.60K | ▼ -11573 days |
| 2011 | 12037 days | CA$4.42 Million | CA$367.12/day | CA$- | CA$4.38 Million | ▲ +7689 days |
| 2010 | 4348 days | CA$4.32 Million | CA$993.86/day | CA$- | CA$4.26 Million | ▲ +3988 days |
| 2009 | 361 days | CA$173.25K | CA$480.46/day | CA$- | CA$155.48K | ▼ -61414 days |
| 2008 | 61774 days | CA$3.62 Million | CA$58.63/day | CA$- | CA$3.49 Million | ▼ -72441 days |
| 2007 | 134216 days | CA$5.10 Million | CA$38.03/day | CA$- | CA$5.06 Million | ▲ +129156 days |
| 2006 | 5060 days | CA$537.71K | CA$106.28/day | CA$- | CA$519.12K | ▲ +4110 days |
| 2005 | 949 days | CA$621.94K | CA$655.03/day | CA$- | CA$578.44K | ▼ -16501 days |
| 2004 | 17451 days | CA$661.75K | CA$37.92/day | CA$- | CA$638.23K | ▲ +17433 days |
| 2003 | 18 days | CA$6.06K | CA$343.99/day | CA$- | CA$- | ▼ -15 days |
| 2002 | 33 days | CA$4.81K | CA$145.44/day | CA$- | CA$- | ▼ -64 days |
| 2001 | 97 days | CA$11.90K | CA$122.79/day | CA$- | CA$- | — |