Vantex Resources Ltd (VAX) — Defensive Interval Ratio

Latest as of July 2023: 9 days

Vantex Resources Ltd (VAX) has a Defensive Interval Ratio of 9 days as of July 2023. Defensive assets of CA$9.51K (cash CA$-, short-term investments CA$-, receivables CA$9.51K) cover 9 days of daily cash needs of CA$1.05K/day. Check VAX goodwill-adjusted equity ratio to evaluate the tangible quality of the company's equity base.

Defensive Interval Ratio

9 days
Days of operational coverage

Defensive Assets

CA$9.51K
Cash + ST Investments + Receivables

Daily Cash Need

CA$1.05K
Current Liabilities ÷ 365

Current Liabilities

CA$381.98K
CAD

Vantex Resources Ltd Defensive Interval Ratio (2013–2022)

This chart shows how Vantex Resources Ltd's Defensive Interval Ratio has evolved across 10 annual periods from 2013 to 2022. As of July 2023, the ratio stands at 9 days, meaning defensive assets of CA$9.51K can fund 9 days of operations without new revenue. Also explore VAX shareholders equity momentum to track the company's year-over-year net asset growth rate.

Annual Defensive Interval Ratio for Vantex Resources Ltd (2013–2022)

The table below presents the year-by-year Defensive Interval Ratio for Vantex Resources Ltd from 2013 to 2022, covering 10 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 Vantex Resources Ltd (VAX) total market value.

Year DIR (days) Defensive Assets (CAD) Daily Cash Need Cash ST Investments Change (days)
2022 57 days CA$52.41K CA$925.80/day CA$- CA$- ▲ +54 days
2021 2 days CA$2.38K CA$1.09K/day CA$- CA$- ▼ -10 days
2020 12 days CA$11.53K CA$978.06/day CA$- CA$- ▲ +7 days
2019 5 days CA$4.79K CA$1.01K/day CA$- CA$0.00 ▼ -198 days
2018 203 days CA$159.82K CA$787.77/day CA$- CA$140.28K ▲ +181 days
2017 22 days CA$13.14K CA$597.99/day CA$- CA$- ▼ -43 days
2016 65 days CA$31.93K CA$492.44/day CA$- CA$- ▼ -204 days
2015 269 days CA$33.55K CA$124.69/day CA$- CA$- ▼ -475 days
2014 744 days CA$67.39K CA$90.57/day CA$- CA$- ▲ +477 days
2013 267 days CA$71.17K CA$266.15/day CA$- CA$- —
DIR = (Cash + Short-term Investments + Net Receivables) / (Daily Cash Expenses)