Fortescue Ltd (FMG) — Defensive Interval Ratio
Fortescue Ltd (FMG) has a Defensive Interval Ratio of 799 days as of December 2025. Defensive assets of AU$5.29 Billion (cash AU$4.74 Billion, short-term investments AU$-, receivables AU$542.37 Million) cover 799 days of daily cash needs of AU$6.61 Million/day. Check Fortescue Ltd tangible book value ratio to evaluate the tangible quality of the company's equity base.
Defensive Interval Ratio
Defensive Assets
Daily Cash Need
Current Liabilities
Fortescue Ltd Defensive Interval Ratio (1989–2025)
This chart shows how Fortescue Ltd's Defensive Interval Ratio has evolved across 34 annual periods from 1989 to 2025. As of December 2025, the ratio stands at 799 days, meaning defensive assets of AU$5.29 Billion can fund 799 days of operations without new revenue. Also explore FMG net assets growth trend to track the company's year-over-year net asset growth rate.
Annual Defensive Interval Ratio for Fortescue Ltd (1989–2025)
The table below presents the year-by-year Defensive Interval Ratio for Fortescue Ltd from 1989 to 2025, covering 34 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 how much is Fortescue Ltd worth.
| Year | DIR (days) | Defensive Assets (AUD) | Daily Cash Need | Cash | ST Investments | Change (days) |
|---|---|---|---|---|---|---|
| 2025 | 341 days | AU$2.55 Billion | AU$7.47 Million/day | AU$- | AU$2.02 Billion | ▼ -167 days |
| 2024 | 508 days | AU$3.74 Billion | AU$7.36 Million/day | AU$- | AU$3.09 Billion | ▲ +407 days |
| 2023 | 102 days | AU$687.76 Million | AU$6.74 Million/day | AU$- | AU$168.97 Million | ▲ +27 days |
| 2022 | 75 days | AU$499.33 Million | AU$6.62 Million/day | AU$- | AU$31.39 Million | ▼ -129 days |
| 2021 | 205 days | AU$2.18 Billion | AU$10.63 Million/day | AU$- | AU$1.47 Billion | ▼ -97 days |
| 2020 | 302 days | AU$2.32 Billion | AU$7.71 Million/day | AU$- | AU$1.78 Billion | ▲ +144 days |
| 2019 | 158 days | AU$1.14 Billion | AU$7.22 Million/day | AU$- | AU$219.00 Million | ▲ +51 days |
| 2018 | 106 days | AU$359.25 Million | AU$3.38 Million/day | AU$- | AU$161.00 Million | ▼ -69 days |
| 2017 | 175 days | AU$1.06 Billion | AU$6.02 Million/day | AU$- | AU$915.00 Million | ▲ +122 days |
| 2016 | 54 days | AU$241.00 Million | AU$4.49 Million/day | AU$- | AU$0.00 | ▼ -9 days |
| 2015 | 63 days | AU$221.29 Million | AU$3.52 Million/day | AU$- | AU$- | ▼ -7 days |
| 2014 | 70 days | AU$585.00 Million | AU$8.42 Million/day | AU$- | AU$- | ▼ -48 days |
| 2013 | 118 days | AU$420.96 Million | AU$3.58 Million/day | AU$- | AU$11.96 Million | ▲ +18 days |
| 2012 | 99 days | AU$588.00 Million | AU$5.92 Million/day | AU$- | AU$- | ▼ -23 days |
| 2011 | 122 days | AU$399.73 Million | AU$3.27 Million/day | AU$- | AU$- | ▼ -9 days |
| 2010 | 131 days | AU$268.83 Million | AU$2.05 Million/day | AU$- | AU$80.06K | ▲ +19 days |
| 2009 | 112 days | AU$183.21 Million | AU$1.63 Million/day | AU$- | AU$24.78K | ▲ +4 days |
| 2008 | 108 days | AU$151.91 Million | AU$1.41 Million/day | AU$- | AU$34.90K | ▼ -226 days |
| 2007 | 334 days | AU$218.46 Million | AU$653.96K/day | AU$- | AU$27.31K | ▲ +272 days |
| 2006 | 62 days | AU$1.55 Million | AU$25.02K/day | AU$- | AU$176.75K | ▲ +6 days |
| 2005 | 56 days | AU$850.13K | AU$15.11K/day | AU$- | AU$1.57K | ▼ -25 days |
| 2004 | 81 days | AU$323.77K | AU$4.00K/day | AU$- | AU$1.34K | ▼ -1956 days |
| 2003 | 2037 days | AU$480.05K | AU$235.68/day | AU$- | AU$32.76K | ▲ +832 days |
| 2002 | 1205 days | AU$243.25K | AU$201.93/day | AU$- | AU$- | ▲ +471 days |
| 2001 | 733 days | AU$354.91K | AU$484.02/day | AU$- | AU$- | ▲ +483 days |
| 2000 | 250 days | AU$192.70K | AU$769.72/day | AU$- | AU$- | ▲ +222 days |
| 1996 | 28 days | AU$34.45K | AU$1.22K/day | AU$- | AU$- | ▼ -891 days |
| 1995 | 919 days | AU$43.32K | AU$47.15/day | AU$- | AU$- | ▲ +886 days |
| 1994 | 33 days | AU$6.58K | AU$198.22/day | AU$- | AU$- | ▼ -72 days |
| 1993 | 105 days | AU$4.01K | AU$38.04/day | AU$- | AU$- | ▲ +65 days |
| 1992 | 41 days | AU$2.24K | AU$54.89/day | AU$- | AU$- | ▼ -113 days |
| 1991 | 154 days | AU$7.67K | AU$49.94/day | AU$- | AU$- | ▲ +91 days |
| 1990 | 62 days | AU$24.59K | AU$394.53/day | AU$- | AU$- | ▼ -313 days |
| 1989 | 375 days | AU$273.04K | AU$727.63/day | AU$- | AU$- | — |