Western Gold Exploration Ltd Defensive Interval Ratio
Western Gold Exploration Ltd defensive interval ratio. Western Gold Exploration Ltd (WGLD) has a Defensive Interval Ratio of 229 days as of June 2023. Defensive assets of CA$51.34K (cash CA$-, short-term investments CA$-, receivables CA$51.34K) cover 229 days of daily cash needs of CA$224.12/day. See Western Gold Exploration Ltd current assets vs equity to evaluate short-term liquidity relative to the company's equity base.
Defensive Interval Ratio
Defensive Assets
Daily Cash Need
Current Liabilities
Defensive Interval Ratio of Western Gold Exploration Ltd (2017–2021)
Defensive interval ratio of Western Gold Exploration Ltd from 2017 to 2021. This chart shows how Western Gold Exploration Ltd's Defensive Interval Ratio has evolved across 5 annual periods from 2017 to 2021. As of June 2023, the ratio stands at 229 days, meaning defensive assets of CA$51.34K can fund 229 days of operations without new revenue. Read WGLD current and long-term liabilities for a breakdown of total debt and financial obligations.
Western Gold Exploration Ltd Defensive Interval Ratio by Year (2017–2021)
Western Gold Exploration Ltd defensive interval ratio by year from 2017 to 2021. The table below presents the year-by-year Defensive Interval Ratio for Western Gold Exploration Ltd from 2017 to 2021, covering 5 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 the complete balance sheet picture, see Western Gold Exploration Ltd total assets.
| Year | DIR (days) | Defensive Assets (CAD) | Daily Cash Need | Cash | ST Investments | Change (days) |
|---|---|---|---|---|---|---|
| 2021 | 1696 days | CA$282.41K | CA$166.56/day | CA$- | CA$- | ▲ +1120 days |
| 2020 | 575 days | CA$96.13K | CA$167.06/day | CA$- | CA$- | ▲ +452 days |
| 2019 | 124 days | CA$107.79K | CA$871.12/day | CA$- | CA$- | ▼ -579 days |
| 2018 | 703 days | CA$25.34K | CA$36.04/day | CA$- | CA$- | ▲ +698 days |
| 2017 | 5 days | CA$1.42K | CA$291.24/day | CA$- | CA$- | — |