Argen-X (ARGX) — Defensive Interval Ratio

Latest as of June 2026: 821 days

Argen-X (ARGX) has a Defensive Interval Ratio of 821 days as of June 2026. Defensive assets of €3.54 Billion (cash €-, short-term investments €1.60 Billion, receivables €1.94 Billion) cover 821 days of daily cash needs of €4.32 Million/day.

Defensive Interval Ratio

821 days
Days of operational coverage

Defensive Assets

€3.54 Billion
Cash + ST Investments + Receivables

Daily Cash Need

€4.32 Million
Current Liabilities ÷ 365

Current Liabilities

€1.57 Billion
EUR

Argen-X Defensive Interval Ratio (2010–2025)

This chart shows how Argen-X's Defensive Interval Ratio has evolved across 16 annual periods from 2010 to 2025. As of June 2026, the ratio stands at 821 days, meaning defensive assets of €3.54 Billion can fund 821 days of operations without new revenue. For the complete balance sheet picture, see ARGX asset base.

Annual Defensive Interval Ratio for Argen-X (2010–2025)

The table below presents the year-by-year Defensive Interval Ratio for Argen-X from 2010 to 2025, covering 16 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 ARGX net working capital ratio to evaluate short-term liquidity relative to the company's equity base.

Year DIR (days) Defensive Assets (EUR) Daily Cash Need Cash ST Investments Change (days)
2025 720 days €2.61 Billion €3.62 Million/day €- €948.86 Million ▼ -799 days
2024 1519 days €2.79 Billion €1.84 Million/day €- €1.88 Billion ▲ +112 days
2023 1407 days €1.63 Billion €1.16 Million/day €- €1.13 Billion ▼ -609 days
2022 2015 days €1.67 Billion €828.16K/day €- €1.39 Billion ▲ +755 days
2021 1260 days €1.04 Billion €825.31K/day €- €1.00 Billion ▲ +387 days
2020 873 days €785.73 Million €899.98K/day €- €779.65 Million ▼ -1216 days
2019 2089 days €1.03 Billion €492.32K/day €- €1.01 Billion ▼ -195 days
2018 2284 days €286.72 Million €125.53K/day €- €283.53 Million ▲ +151 days
2017 2133 days €171.91 Million €80.58K/day €- €168.91 Million ▲ +2037 days
2016 96 days €8.96 Million €93.15K/day €- €6.83 Million ▼ -218 days
2015 314 days €8.17 Million €26.01K/day €- €6.81 Million ▼ -562 days
2014 876 days €24.58 Million €28.08K/day €- €23.79 Million ▲ +699 days
2013 176 days €2.21 Million €12.52K/day €- €690.44K ▲ +90 days
2012 86 days €1.48 Million €17.20K/day €- €1.39 Million ▲ +31 days
2011 56 days €616.00K €11.08K/day €- €- ▼ -194 days
2010 249 days €1.39 Million €5.56K/day €- €- —
DIR = (Cash + Short-term Investments + Net Receivables) / (Daily Cash Expenses)