Capex S.A (CAPX) — Defensive Interval Ratio

Latest as of January 2026: 118 days

Capex S.A (CAPX) has a Defensive Interval Ratio of 118 days as of January 2026. Defensive assets of AR$101.90 Billion (cash AR$-, short-term investments AR$46.75 Billion, receivables AR$55.15 Billion) cover 118 days of daily cash needs of AR$865.14 Million/day. See Capex S.A working capital to net assets to evaluate short-term liquidity relative to the company's equity base.

Defensive Interval Ratio

118 days
Days of operational coverage

Defensive Assets

AR$101.90 Billion
Cash + ST Investments + Receivables

Daily Cash Need

AR$865.14 Million
Current Liabilities ÷ 365

Current Liabilities

AR$315.78 Billion
ARS

Capex S.A Defensive Interval Ratio (2016–2025)

This chart shows how Capex S.A's Defensive Interval Ratio has evolved across 10 annual periods from 2016 to 2025. As of January 2026, the ratio stands at 118 days, meaning defensive assets of AR$101.90 Billion can fund 118 days of operations without new revenue. See net asset quality index of Capex S.A to measure how much of total assets are equity-financed.

Annual Defensive Interval Ratio for Capex S.A (2016–2025)

The table below presents the year-by-year Defensive Interval Ratio for Capex S.A from 2016 to 2025, 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 market cap of Capex S.A.

Year DIR (days) Defensive Assets (ARS) Daily Cash Need Cash ST Investments Change (days)
2025 68 days AR$45.42 Billion AR$666.03 Million/day AR$- AR$11.88 Billion ▼ -87 days
2024 155 days AR$96.02 Billion AR$618.54 Million/day AR$- AR$1.99 Billion ▼ -11 days
2023 167 days AR$50.24 Billion AR$301.48 Million/day AR$- AR$2.17 Billion ▼ -98 days
2022 264 days AR$19.55 Billion AR$73.96 Million/day AR$- AR$12.87 Billion ▼ -109 days
2021 373 days AR$7.92 Billion AR$21.24 Million/day AR$- AR$3.39 Billion ▲ +194 days
2020 179 days AR$2.74 Billion AR$15.30 Million/day AR$- AR$- ▼ -24 days
2019 203 days AR$3.43 Billion AR$16.93 Million/day AR$- AR$- ▼ -153 days
2018 356 days AR$2.05 Billion AR$5.77 Million/day AR$- AR$632.45 Million ▲ +244 days
2017 112 days AR$1.21 Billion AR$10.77 Million/day AR$- AR$482.90 Million ▼ -563 days
2016 675 days AR$1.34 Billion AR$1.98 Million/day AR$- AR$568.80 Million —
DIR = (Cash + Short-term Investments + Net Receivables) / (Daily Cash Expenses)