Silver Spruce Resources Inc (SSE) — Defensive Interval Ratio

Latest as of April 2024: 19 days

Silver Spruce Resources Inc (SSE) has a Defensive Interval Ratio of 19 days as of April 2024. Defensive assets of CA$21.30K (cash CA$-, short-term investments CA$-, receivables CA$21.30K) cover 19 days of daily cash needs of CA$1.10K/day. Check Silver Spruce Resources Inc (SSE) tangible equity ratio to evaluate the tangible quality of the company's equity base.

Defensive Interval Ratio

19 days
Days of operational coverage

Defensive Assets

CA$21.30K
Cash + ST Investments + Receivables

Daily Cash Need

CA$1.10K
Current Liabilities ÷ 365

Current Liabilities

CA$399.81K
CAD

Silver Spruce Resources Inc Defensive Interval Ratio (1998–2023)

This chart shows how Silver Spruce Resources Inc's Defensive Interval Ratio has evolved across 26 annual periods from 1998 to 2023. As of April 2024, the ratio stands at 19 days, meaning defensive assets of CA$21.30K can fund 19 days of operations without new revenue. Also explore Silver Spruce Resources Inc (SSE) net asset momentum to track the company's year-over-year net asset growth rate.

Annual Defensive Interval Ratio for Silver Spruce Resources Inc (1998–2023)

The table below presents the year-by-year Defensive Interval Ratio for Silver Spruce Resources Inc from 1998 to 2023, covering 26 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 Silver Spruce Resources Inc market cap and net worth.

Year DIR (days) Defensive Assets (CAD) Daily Cash Need Cash ST Investments Change (days)
2023 50 days CA$29.52K CA$584.80/day CA$- CA$- ▼ -75 days
2022 126 days CA$121.42K CA$966.89/day CA$- CA$- ▼ -129 days
2021 255 days CA$202.23K CA$794.11/day CA$- CA$- ▼ -13 days
2020 268 days CA$61.79K CA$230.69/day CA$- CA$- ▲ +251 days
2019 17 days CA$31.19K CA$1.84K/day CA$- CA$- ▲ +14 days
2018 2 days CA$8.24K CA$3.30K/day CA$- CA$- ▼ -1 days
2017 3 days CA$8.85K CA$2.66K/day CA$- CA$- ▼ -2 days
2016 6 days CA$5.73K CA$1.03K/day CA$- CA$- ▲ +4 days
2015 1 days CA$5.21K CA$3.51K/day CA$- CA$- ▼ -5 days
2014 7 days CA$9.85K CA$1.46K/day CA$- CA$- ▲ +3 days
2013 3 days CA$3.47K CA$1.02K/day CA$- CA$- ▼ -35 days
2012 38 days CA$30.73K CA$804.10/day CA$- CA$13.91K ▼ -270 days
2011 308 days CA$144.29K CA$468.80/day CA$- CA$95.60K ▲ +205 days
2010 103 days CA$106.99K CA$1.04K/day CA$- CA$59.80K ▼ -254 days
2009 357 days CA$312.27K CA$875.17/day CA$- CA$13.83K ▲ +242 days
2008 115 days CA$180.53K CA$1.57K/day CA$- CA$- ▼ -906 days
2007 1021 days CA$2.38 Million CA$2.33K/day CA$- CA$- ▼ -247 days
2006 1267 days CA$576.27K CA$454.76/day CA$- CA$- ▲ +1216 days
2005 51 days CA$18.07K CA$355.27/day CA$- CA$- ▼ -86 days
2004 137 days CA$41.41K CA$302.87/day CA$- CA$- ▲ +75 days
2003 61 days CA$5.05K CA$82.47/day CA$- CA$- ▲ +56 days
2002 6 days CA$3.38K CA$613.12/day CA$- CA$- ▲ +1 days
2001 5 days CA$2.50K CA$498.55/day CA$- CA$- ▼ -12 days
2000 17 days CA$3.00K CA$180.37/day CA$- CA$- ▼ -89 days
1999 106 days CA$10.21K CA$96.75/day CA$- CA$- ▼ -204 days
1998 309 days CA$74.94K CA$242.43/day CA$- CA$- —
DIR = (Cash + Short-term Investments + Net Receivables) / (Daily Cash Expenses)