Vale S.A (VALE) — Defensive Interval Ratio

Latest as of September 2025: 74 days

Vale S.A (VALE) has a Defensive Interval Ratio of 74 days as of September 2025. Defensive assets of AR$2.69 Billion (cash AR$-, short-term investments AR$189.00 Million, receivables AR$2.51 Billion) cover 74 days of daily cash needs of AR$36.50 Million/day.

Defensive Interval Ratio

74 days
Days of operational coverage

Defensive Assets

AR$2.69 Billion
Cash + ST Investments + Receivables

Daily Cash Need

AR$36.50 Million
Current Liabilities ÷ 365

Current Liabilities

AR$13.32 Billion
ARS

Vale S.A Defensive Interval Ratio (2016–2024)

This chart shows how Vale S.A's Defensive Interval Ratio has evolved across 9 annual periods from 2016 to 2024. As of September 2025, the ratio stands at 74 days, meaning defensive assets of AR$2.69 Billion can fund 74 days of operations without new revenue. For the complete balance sheet picture, see total assets of Vale S.A.

Annual Defensive Interval Ratio for Vale S.A (2016–2024)

The table below presents the year-by-year Defensive Interval Ratio for Vale S.A from 2016 to 2024, covering 9 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 Vale S.A (VALE) working capital ratio 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)
2024 67 days AR$2.41 Billion AR$35.86 Million/day AR$- AR$53.00 Million ▼ -39 days
2023 106 days AR$4.25 Billion AR$40.15 Million/day AR$- AR$51.00 Million ▲ +84 days
2022 22 days AR$4.38 Billion AR$198.57 Million/day AR$- AR$61.00 Million ▲ +4 days
2021 18 days AR$4.10 Billion AR$232.37 Million/day AR$- AR$184.00 Million ▼ -10 days
2020 28 days AR$5.76 Billion AR$207.78 Million/day AR$- AR$771.00 Million ▼ -77 days
2019 105 days AR$16.03 Billion AR$152.89 Million/day AR$- AR$826.00 Million ▼ -52 days
2018 156 days AR$15.12 Billion AR$96.67 Million/day AR$- AR$32.00 Million ▼ -2 days
2017 158 days AR$18.77 Billion AR$118.79 Million/day AR$- AR$18.00 Million ▲ +38 days
2016 120 days AR$3.68 Billion AR$30.77 Million/day AR$- AR$18.00 Million —
DIR = (Cash + Short-term Investments + Net Receivables) / (Daily Cash Expenses)