Spanish Mountain Gold Ltd (SPA) — Defensive Interval Ratio

Latest as of March 2024: 1996 days

Spanish Mountain Gold Ltd (SPA) has a Defensive Interval Ratio of 1996 days as of March 2024. Defensive assets of CA$1.92 Million (cash CA$-, short-term investments CA$1.73 Million, receivables CA$191.51K) cover 1996 days of daily cash needs of CA$960.19/day. Check SPA tangible net assets ratio to evaluate the tangible quality of the company's equity base.

Defensive Interval Ratio

1996 days
Days of operational coverage

Defensive Assets

CA$1.92 Million
Cash + ST Investments + Receivables

Daily Cash Need

CA$960.19
Current Liabilities ÷ 365

Current Liabilities

CA$350.47K
CAD

Spanish Mountain Gold Ltd Defensive Interval Ratio (2002–2023)

This chart shows how Spanish Mountain Gold Ltd's Defensive Interval Ratio has evolved across 22 annual periods from 2002 to 2023. As of March 2024, the ratio stands at 1996 days, meaning defensive assets of CA$1.92 Million can fund 1996 days of operations without new revenue. Also explore Spanish Mountain Gold Ltd (SPA) net asset momentum to track the company's year-over-year net asset growth rate.

Annual Defensive Interval Ratio for Spanish Mountain Gold Ltd (2002–2023)

The table below presents the year-by-year Defensive Interval Ratio for Spanish Mountain Gold Ltd from 2002 to 2023, covering 22 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 SPA company net worth.

Year DIR (days) Defensive Assets (CAD) Daily Cash Need Cash ST Investments Change (days)
2023 2631 days CA$3.35 Million CA$1.27K/day CA$- CA$3.20 Million ▲ +2542 days
2022 89 days CA$302.71K CA$3.39K/day CA$- CA$250.00K ▼ -27 days
2021 116 days CA$461.47K CA$3.98K/day CA$- CA$250.00K ▼ -1887 days
2020 2003 days CA$9.81 Million CA$4.90K/day CA$- CA$9.62 Million ▲ +1693 days
2019 309 days CA$420.13K CA$1.36K/day CA$- CA$400.00K ▼ -424 days
2018 733 days CA$825.49K CA$1.13K/day CA$- CA$712.43K ▼ -1398 days
2017 2131 days CA$1.67 Million CA$781.36/day CA$- CA$1.50 Million ▲ +733 days
2016 1398 days CA$1.53 Million CA$1.09K/day CA$- CA$1.50 Million ▲ +1397 days
2015 1 days CA$2.47K CA$2.92K/day CA$- CA$- ▼ -6 days
2014 7 days CA$14.91K CA$2.17K/day CA$- CA$- ▼ -585 days
2013 592 days CA$2.26 Million CA$3.81K/day CA$- CA$- ▲ +72 days
2012 520 days CA$2.91 Million CA$5.59K/day CA$- CA$- ▲ +328 days
2011 191 days CA$2.01 Million CA$10.54K/day CA$- CA$- ▼ -230 days
2010 421 days CA$2.37 Million CA$5.63K/day CA$- CA$- ▲ +342 days
2009 79 days CA$1.94 Million CA$24.51K/day CA$- CA$- ▼ -4291 days
2008 4370 days CA$6.81 Million CA$1.56K/day CA$- CA$4.04 Million ▲ +3226 days
2007 1144 days CA$1.71 Million CA$1.50K/day CA$- CA$- ▲ +617 days
2006 527 days CA$213.58K CA$405.11/day CA$- CA$- ▼ -2518 days
2005 3045 days CA$242.73K CA$79.71/day CA$- CA$- ▲ +2969 days
2004 76 days CA$23.90K CA$314.96/day CA$- CA$- ▼ -340 days
2003 416 days CA$15.48K CA$37.18/day CA$- CA$- ▼ -360 days
2002 776 days CA$38.32K CA$49.39/day CA$- CA$- —
DIR = (Cash + Short-term Investments + Net Receivables) / (Daily Cash Expenses)