ZincX Resources Corp (ZNX) — Defensive Interval Ratio

Latest as of March 2023: 5 days

ZincX Resources Corp (ZNX) has a Defensive Interval Ratio of 5 days as of March 2023. Defensive assets of CA$21.44K (cash CA$-, short-term investments CA$-, receivables CA$21.44K) cover 5 days of daily cash needs of CA$3.97K/day. Check ZincX Resources Corp tangible book value ratio to evaluate the tangible quality of the company's equity base.

Defensive Interval Ratio

5 days
Days of operational coverage

Defensive Assets

CA$21.44K
Cash + ST Investments + Receivables

Daily Cash Need

CA$3.97K
Current Liabilities ÷ 365

Current Liabilities

CA$1.45 Million
CAD

ZincX Resources Corp Defensive Interval Ratio (2016–2022)

This chart shows how ZincX Resources Corp's Defensive Interval Ratio has evolved across 7 annual periods from 2016 to 2022. As of March 2023, the ratio stands at 5 days, meaning defensive assets of CA$21.44K can fund 5 days of operations without new revenue. Also explore ZincX Resources Corp (ZNX) net asset momentum to track the company's year-over-year net asset growth rate.

Annual Defensive Interval Ratio for ZincX Resources Corp (2016–2022)

The table below presents the year-by-year Defensive Interval Ratio for ZincX 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 live market cap and the full company financial profile, see market value of ZincX Resources Corp.

Year DIR (days) Defensive Assets (CAD) Daily Cash Need Cash ST Investments Change (days)
2022 2 days CA$9.23K CA$4.01K/day CA$- CA$- ▼ -7 days
2021 9 days CA$51.41K CA$5.70K/day CA$- CA$- ▼ -579 days
2020 588 days CA$2.47 Million CA$4.20K/day CA$- CA$2.46 Million ▼ -720 days
2019 1308 days CA$2.60 Million CA$1.99K/day CA$- CA$2.57 Million ▼ -1063 days
2018 2371 days CA$4.23 Million CA$1.78K/day CA$- CA$4.06 Million ▲ +711 days
2017 1660 days CA$4.28 Million CA$2.58K/day CA$- CA$4.13 Million ▲ +1622 days
2016 38 days CA$14.64K CA$381.18/day CA$- CA$- —
DIR = (Cash + Short-term Investments + Net Receivables) / (Daily Cash Expenses)