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

Latest as of December 2025: 92 days

AVE S.A. (AVE) has a Defensive Interval Ratio of 92 days as of December 2025. Defensive assets of €5.62 Million (cash €-, short-term investments €-, receivables €5.62 Million) cover 92 days of daily cash needs of €61.02K/day.

Defensive Interval Ratio

92 days
Days of operational coverage

Defensive Assets

€5.62 Million
Cash + ST Investments + Receivables

Daily Cash Need

€61.02K
Current Liabilities ÷ 365

Current Liabilities

€22.27 Million
EUR

AVE S.A. Defensive Interval Ratio (2014–2025)

This chart shows how AVE S.A.'s Defensive Interval Ratio has evolved across 11 annual periods from 2014 to 2025. As of December 2025, the ratio stands at 92 days, meaning defensive assets of €5.62 Million can fund 92 days of operations without new revenue. For the complete balance sheet picture, see AVE current and non-current assets.

Annual Defensive Interval Ratio for AVE S.A. (2014–2025)

The table below presents the year-by-year Defensive Interval Ratio for AVE S.A. from 2014 to 2025, covering 11 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 AVE net working capital ratio to evaluate short-term liquidity relative to the company's equity base.

Year DIR (days) Defensive Assets (EUR) Daily Cash Need Cash ST Investments Change (days)
2025 92 days €5.62 Million €61.02K/day €- €- ▲ +36 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)