Group Eleven Resources Corp Defensive Interval Ratio
Group Eleven Resources Corp defensive interval ratio. Group Eleven Resources Corp (ZNG) has a Defensive Interval Ratio of 40 days as of September 2023. Defensive assets of CA$65.94K (cash CA$-, short-term investments CA$-, receivables CA$65.94K) cover 40 days of daily cash needs of CA$1.66K/day. See Group Eleven Resources Corp 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 Group Eleven Resources Corp (2016–2022)
Defensive interval ratio of Group Eleven Resources Corp from 2016 to 2022. This chart shows how Group Eleven Resources Corp's Defensive Interval Ratio has evolved across 7 annual periods from 2016 to 2022. As of September 2023, the ratio stands at 40 days, meaning defensive assets of CA$65.94K can fund 40 days of operations without new revenue. Read debt load of Group Eleven Resources Corp for a breakdown of total debt and financial obligations.
Group Eleven Resources Corp Defensive Interval Ratio by Year (2016–2022)
Group Eleven Resources Corp defensive interval ratio by year from 2016 to 2022. The table below presents the year-by-year Defensive Interval Ratio for Group Eleven Resources Corp from 2016 to 2022, covering 7 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 Group Eleven Resources Corp balance sheet assets.
| Year | DIR (days) | Defensive Assets (CAD) | Daily Cash Need | Cash | ST Investments | Change (days) |
|---|---|---|---|---|---|---|
| 2022 | 31 days | CA$59.99K | CA$1.95K/day | CA$- | CA$- | ▲ +16 days |
| 2021 | 15 days | CA$23.88K | CA$1.56K/day | CA$- | CA$- | ▼ -27 days |
| 2020 | 42 days | CA$81.68K | CA$1.95K/day | CA$- | CA$- | ▲ +11 days |
| 2019 | 31 days | CA$79.18K | CA$2.55K/day | CA$- | CA$- | ▼ -25 days |
| 2018 | 56 days | CA$84.82K | CA$1.53K/day | CA$- | CA$- | ▼ -32 days |
| 2017 | 87 days | CA$153.21K | CA$1.76K/day | CA$- | CA$- | ▲ +64 days |
| 2016 | 23 days | CA$12.77K | CA$556.91/day | CA$- | CA$- | — |