Naturgy BAN SA (GBAN) — Defensive Interval Ratio

Latest as of June 2026: 272 days

Naturgy BAN SA (GBAN) has a Defensive Interval Ratio of 272 days as of June 2026. Defensive assets of AR$271.72 Billion (cash AR$-, short-term investments AR$-, receivables AR$271.72 Billion) cover 272 days of daily cash needs of AR$998.75 Million/day.

Defensive Interval Ratio

272 days
Days of operational coverage

Defensive Assets

AR$271.72 Billion
Cash + ST Investments + Receivables

Daily Cash Need

AR$998.75 Million
Current Liabilities ÷ 365

Current Liabilities

AR$364.54 Billion
ARS

Naturgy BAN SA Defensive Interval Ratio (2015–2025)

This chart shows how Naturgy BAN SA's Defensive Interval Ratio has evolved across 11 annual periods from 2015 to 2025. As of June 2026, the ratio stands at 272 days, meaning defensive assets of AR$271.72 Billion can fund 272 days of operations without new revenue. For the complete balance sheet picture, see Naturgy BAN SA balance sheet assets.

Annual Defensive Interval Ratio for Naturgy BAN SA (2015–2025)

The table below presents the year-by-year Defensive Interval Ratio for Naturgy BAN SA from 2015 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 how liquid is Naturgy BAN SA's working capital to evaluate short-term liquidity relative to the company's equity base.

Year DIR (days) Defensive Assets (ARS) Daily Cash Need Cash ST Investments Change (days)
2025 318 days AR$155.57 Billion AR$489.22 Million/day AR$- AR$- ▼ -7 days
2024 325 days AR$137.54 Billion AR$422.71 Million/day AR$- AR$- ▲ +83 days
2023 243 days AR$45.11 Billion AR$185.84 Million/day AR$- AR$- ▼ -512 days
2022 755 days AR$29.52 Billion AR$39.11 Million/day AR$- AR$- ▲ +539 days
2021 216 days AR$11.82 Billion AR$54.75 Million/day AR$- AR$- ▼ -2 days
2020 218 days AR$9.28 Billion AR$42.66 Million/day AR$- AR$- ▼ -67 days
2019 284 days AR$11.39 Billion AR$40.07 Million/day AR$- AR$- ▼ -7 days
2018 291 days AR$7.27 Billion AR$24.98 Million/day AR$- AR$- ▼ -47 days
2017 338 days AR$2.97 Billion AR$8.78 Million/day AR$- AR$1.02 Million ▲ +114 days
2016 224 days AR$2.41 Billion AR$10.75 Million/day AR$- AR$4.07 Million ▲ +97 days
2015 127 days AR$523.60 Million AR$4.13 Million/day AR$- AR$101.95K —
DIR = (Cash + Short-term Investments + Net Receivables) / (Daily Cash Expenses)