AVE S.A. (AVE) — Defensive Interval Ratio

Latest as of June 2024: 57 days

AVE S.A. (AVE) has a Defensive Interval Ratio of 57 days as of June 2024. Defensive assets of €3.20 Million (cash €-, short-term investments €-, receivables €3.20 Million) cover 57 days of daily cash needs of €55.95K/day. Check how tangible is AVE S.A.'s equity to evaluate the tangible quality of the company's equity base.

Defensive Interval Ratio

57 days
Days of operational coverage

Defensive Assets

€3.20 Million
Cash + ST Investments + Receivables

Daily Cash Need

€55.95K
Current Liabilities ÷ 365

Current Liabilities

€20.42 Million
EUR

AVE S.A. Defensive Interval Ratio (2014–2023)

This chart shows how AVE S.A.'s Defensive Interval Ratio has evolved across 10 annual periods from 2014 to 2023. As of June 2024, the ratio stands at 57 days, meaning defensive assets of €3.20 Million can fund 57 days of operations without new revenue. Also explore AVE year-over-year net asset growth to track the company's year-over-year net asset growth rate.

Annual Defensive Interval Ratio for AVE S.A. (2014–2023)

The table below presents the year-by-year Defensive Interval Ratio for AVE S.A. from 2014 to 2023, 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 AVE S.A. market capitalisation.

Year DIR (days) Defensive Assets (EUR) Daily Cash Need Cash ST Investments Change (days)
2023 56 days €3.21 Million €57.52K/day €- €- ▼ -182 days
2022 238 days €31.14 Million €130.77K/day €7.45 Million €- ▼ -37 days
2021 275 days €38.11 Million €138.42K/day €14.71 Million €- ▲ +77 days
2020 199 days €32.94 Million €165.95K/day €5.65 Million €- ▲ +86 days
2019 112 days €25.54 Million €227.24K/day €- €- ▲ +28 days
2018 85 days €12.81 Million €151.42K/day €- €- ▲ +52 days
2017 32 days €8.41 Million €259.71K/day €- €- ▼ -2 days
2016 34 days €11.75 Million €342.33K/day €- €- ▼ -16 days
2015 50 days €17.16 Million €341.40K/day €- €- ▲ +2 days
2014 48 days €15.14 Million €314.79K/day €- €- —
DIR = (Cash + Short-term Investments + Net Receivables) / (Daily Cash Expenses)