Vertical Explorations Inc (VERT) — Defensive Interval Ratio

Latest as of November 2023: 21 days

Vertical Explorations Inc (VERT) has a Defensive Interval Ratio of 21 days as of November 2023. Defensive assets of CA$36.00K (cash CA$-, short-term investments CA$-, receivables CA$36.00K) cover 21 days of daily cash needs of CA$1.72K/day.

Defensive Interval Ratio

21 days
Days of operational coverage

Defensive Assets

CA$36.00K
Cash + ST Investments + Receivables

Daily Cash Need

CA$1.72K
Current Liabilities ÷ 365

Current Liabilities

CA$626.74K
CAD

Vertical Explorations Inc Defensive Interval Ratio (2007–2023)

This chart shows how Vertical Explorations Inc's Defensive Interval Ratio has evolved across 17 annual periods from 2007 to 2023. As of November 2023, the ratio stands at 21 days, meaning defensive assets of CA$36.00K can fund 21 days of operations without new revenue. For the complete balance sheet picture, see balance sheet size of Vertical Explorations Inc.

Annual Defensive Interval Ratio for Vertical Explorations Inc (2007–2023)

The table below presents the year-by-year Defensive Interval Ratio for Vertical Explorations Inc from 2007 to 2023, covering 17 annual filings. Each row shows defensive assets, daily cash need, the DIR in days, and the change in days compared to the prior year. See Vertical Explorations Inc (VERT) working capital ratio to evaluate short-term liquidity relative to the company's equity base.

Year DIR (days) Defensive Assets (CAD) Daily Cash Need Cash ST Investments Change (days)
2023 53 days CA$65.26K CA$1.24K/day CA$- CA$- ▼ -61 days
2022 113 days CA$58.23K CA$514.05/day CA$- CA$- ▲ +108 days
2021 5 days CA$4.80K CA$916.94/day CA$- CA$- ▲ +4 days
2020 2 days CA$2.08K CA$1.31K/day CA$- CA$- ▼ -19 days
2019 21 days CA$36.30K CA$1.73K/day CA$- CA$- ▲ +10 days
2018 11 days CA$14.75K CA$1.31K/day CA$- CA$- ▲ +6 days
2017 5 days CA$17.91K CA$3.37K/day CA$- CA$0.00 ▼ -5 days
2016 10 days CA$35.27K CA$3.43K/day CA$- CA$22.50K ▲ +9 days
2015 2 days CA$3.89K CA$2.20K/day CA$- CA$- ▼ -4 days
2014 6 days CA$8.59K CA$1.49K/day CA$- CA$- ▼ -93 days
2013 99 days CA$60.45K CA$612.05/day CA$- CA$- ▲ +30 days
2012 68 days CA$60.53K CA$885.54/day CA$- CA$- ▲ +44 days
2011 25 days CA$6.49K CA$262.31/day CA$- CA$- ▼ -5 days
2010 30 days CA$5.39K CA$182.26/day CA$- CA$- ▼ -54 days
2009 84 days CA$6.78K CA$80.84/day CA$- CA$- ▼ -57 days
2008 141 days CA$13.14K CA$93.32/day CA$- CA$- ▼ -263 days
2007 404 days CA$5.54K CA$13.70/day CA$- CA$- —
DIR = (Cash + Short-term Investments + Net Receivables) / (Daily Cash Expenses)