Qantas Airways Ltd (QAN) — Defensive Interval Ratio
Qantas Airways Ltd (QAN) has a Defensive Interval Ratio of 60 days as of December 2025. Defensive assets of AU$2.03 Billion (cash AU$919.00 Million, short-term investments AU$94.00 Million, receivables AU$1.02 Billion) cover 60 days of daily cash needs of AU$33.83 Million/day. Check Qantas Airways Ltd (QAN) tangible net worth to evaluate the tangible quality of the company's equity base.
Defensive Interval Ratio
Defensive Assets
Daily Cash Need
Current Liabilities
Qantas Airways Ltd Defensive Interval Ratio (1994–2025)
This chart shows how Qantas Airways Ltd's Defensive Interval Ratio has evolved across 32 annual periods from 1994 to 2025. As of December 2025, the ratio stands at 60 days, meaning defensive assets of AU$2.03 Billion can fund 60 days of operations without new revenue. Also explore net asset momentum of Qantas Airways Ltd to track the company's year-over-year net asset growth rate.
Annual Defensive Interval Ratio for Qantas Airways Ltd (1994–2025)
The table below presents the year-by-year Defensive Interval Ratio for Qantas Airways Ltd from 1994 to 2025, covering 32 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 QAN stock market capitalisation.
| Year | DIR (days) | Defensive Assets (AUD) | Daily Cash Need | Cash | ST Investments | Change (days) |
|---|---|---|---|---|---|---|
| 2025 | 72 days | AU$2.52 Billion | AU$34.84 Million/day | AU$1.15 Billion | AU$150.00 Million | ▲ +3 days |
| 2024 | 69 days | AU$2.24 Billion | AU$32.18 Million/day | AU$820.00 Million | AU$261.00 Million | ▼ -24 days |
| 2023 | 94 days | AU$3.10 Billion | AU$33.14 Million/day | AU$1.97 Billion | AU$78.00 Million | ▼ -42 days |
| 2022 | 135 days | AU$3.92 Billion | AU$28.93 Million/day | AU$2.79 Billion | AU$18.00 Million | ▲ +15 days |
| 2021 | 121 days | AU$2.51 Billion | AU$20.81 Million/day | AU$1.75 Billion | AU$176.00 Million | ▼ -29 days |
| 2020 | 150 days | AU$3.41 Billion | AU$22.75 Million/day | AU$2.54 Billion | AU$216.00 Million | ▲ +30 days |
| 2019 | 120 days | AU$2.96 Billion | AU$24.71 Million/day | AU$1.53 Billion | AU$334.00 Million | ▼ -7 days |
| 2018 | 127 days | AU$2.64 Billion | AU$20.82 Million/day | AU$1.33 Billion | AU$474.00 Million | ▲ +27 days |
| 2017 | 100 days | AU$1.95 Billion | AU$19.44 Million/day | AU$1.19 Billion | AU$100.00 Million | ▲ +54 days |
| 2016 | 46 days | AU$885.00 Million | AU$19.25 Million/day | AU$- | AU$229.00 Million | ▼ -19 days |
| 2015 | 65 days | AU$1.32 Billion | AU$20.47 Million/day | AU$- | AU$613.00 Million | ▲ +21 days |
| 2014 | 43 days | AU$893.00 Million | AU$20.62 Million/day | AU$- | AU$172.00 Million | ▼ -45 days |
| 2013 | 89 days | AU$1.62 Billion | AU$18.21 Million/day | AU$- | AU$180.00 Million | ▲ +27 days |
| 2012 | 61 days | AU$1.20 Billion | AU$19.50 Million/day | AU$- | AU$88.00 Million | ▼ -17 days |
| 2011 | 79 days | AU$1.34 Billion | AU$17.08 Million/day | AU$- | AU$318.00 Million | ▲ +1 days |
| 2010 | 77 days | AU$1.32 Billion | AU$17.10 Million/day | AU$- | AU$233.00 Million | ▼ -17 days |
| 2009 | 95 days | AU$1.74 Billion | AU$18.39 Million/day | AU$- | AU$561.00 Million | ▼ -26 days |
| 2008 | 121 days | AU$2.51 Billion | AU$20.83 Million/day | AU$- | AU$1.08 Billion | ▲ +9 days |
| 2007 | 111 days | AU$1.98 Billion | AU$17.82 Million/day | AU$- | AU$604.80 Million | ▼ -3 days |
| 2006 | 115 days | AU$1.71 Billion | AU$14.88 Million/day | AU$- | AU$476.70 Million | ▼ -258 days |
| 2005 | 372 days | AU$4.73 Billion | AU$12.70 Million/day | AU$- | AU$1.71 Billion | ▲ +130 days |
| 2004 | 242 days | AU$3.45 Billion | AU$14.22 Million/day | AU$- | AU$1.03 Billion | ▼ -147 days |
| 2003 | 390 days | AU$5.09 Billion | AU$13.06 Million/day | AU$- | AU$1.89 Billion | ▲ +189 days |
| 2002 | 201 days | AU$3.07 Billion | AU$15.29 Million/day | AU$- | AU$-15.60 Million | ▲ +75 days |
| 2001 | 125 days | AU$1.72 Billion | AU$13.74 Million/day | AU$- | AU$-14.00 Million | ▼ -17 days |
| 2000 | 142 days | AU$1.93 Billion | AU$13.57 Million/day | AU$- | AU$-9.90 Million | ▼ -37 days |
| 1999 | 180 days | AU$2.01 Billion | AU$11.18 Million/day | AU$- | AU$-2.30 Million | ▼ -16 days |
| 1998 | 196 days | AU$1.72 Billion | AU$8.79 Million/day | AU$- | AU$-2.30 Million | ▼ -17 days |
| 1997 | 213 days | AU$1.82 Billion | AU$8.54 Million/day | AU$- | AU$-10.20 Million | ▲ +142 days |
| 1996 | 71 days | AU$459.20 Million | AU$6.49 Million/day | AU$- | AU$-680.10 Million | ▼ -17 days |
| 1995 | 88 days | AU$520.40 Million | AU$5.93 Million/day | AU$- | AU$-604.20 Million | ▼ -21 days |
| 1994 | 109 days | AU$597.60 Million | AU$5.48 Million/day | AU$- | AU$-583.20 Million | — |