Bavarian Nordic Defensive Interval Ratio

Latest as of December 2025: 565 days

Bavarian Nordic defensive interval ratio. Bavarian Nordic (BAVA) has a Defensive Interval Ratio of 565 days as of December 2025. Defensive assets of Dkr2.47 Billion (cash Dkr-, short-term investments Dkr1.62 Billion, receivables Dkr855.63 Million) cover 565 days of daily cash needs of Dkr4.38 Million/day. Explore Bavarian Nordic (BAVA) investment intensity to see how much of total assets are deployed in long-term investments.

Defensive Interval Ratio

565 days
Days of operational coverage

Defensive Assets

Dkr2.47 Billion
Cash + ST Investments + Receivables

Daily Cash Need

Dkr4.38 Million
Current Liabilities ÷ 365

Current Liabilities

Dkr1.60 Billion
DKK

Defensive Interval Ratio of Bavarian Nordic (2000–2025)

Defensive interval ratio of Bavarian Nordic from 2000 to 2025. This chart shows how Bavarian Nordic's Defensive Interval Ratio has evolved across 26 annual periods from 2000 to 2025. As of December 2025, the ratio stands at 565 days, meaning defensive assets of Dkr2.47 Billion can fund 565 days of operations without new revenue. Read Bavarian Nordic (BAVA) financial obligations for a breakdown of total debt and financial obligations.

Bavarian Nordic Defensive Interval Ratio by Year (2000–2025)

Bavarian Nordic defensive interval ratio by year from 2000 to 2025. The table below presents the year-by-year Defensive Interval Ratio for Bavarian Nordic from 2000 to 2025, covering 26 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 the complete balance sheet picture, see BAVA current and non-current assets.

Year DIR (days) Defensive Assets (DKK) Daily Cash Need Cash ST Investments Change (days)
2025 565 days Dkr2.47 Billion Dkr4.38 Million/day Dkr- Dkr1.62 Billion ▲ +339 days
2024 226 days Dkr1.73 Billion Dkr7.66 Million/day Dkr- Dkr551.54 Million ▼ -58 days
2023 284 days Dkr2.17 Billion Dkr7.64 Million/day Dkr- Dkr390.25 Million ▼ -164 days
2022 447 days Dkr2.80 Billion Dkr6.27 Million/day Dkr- Dkr2.27 Billion ▼ -225 days
2021 673 days Dkr3.52 Billion Dkr5.23 Million/day Dkr- Dkr3.12 Billion ▲ +87 days
2020 586 days Dkr1.53 Billion Dkr2.61 Million/day Dkr- Dkr1.38 Billion ▲ +547 days
2019 39 days Dkr218.89 Million Dkr5.61 Million/day Dkr- Dkr174.82 Million ▼ -1535 days
2018 1574 days Dkr2.08 Billion Dkr1.32 Million/day Dkr- Dkr2.05 Billion ▼ -1876 days
2017 3450 days Dkr2.33 Billion Dkr675.65K/day Dkr- Dkr2.31 Billion ▲ +2872 days
2016 579 days Dkr1.19 Billion Dkr2.06 Million/day Dkr- Dkr1.06 Billion ▲ +58 days
2015 521 days Dkr841.72 Million Dkr1.62 Million/day Dkr- Dkr692.72 Million ▲ +40 days
2014 481 days Dkr768.13 Million Dkr1.60 Million/day Dkr- Dkr581.35 Million ▲ +204 days
2013 277 days Dkr295.40 Million Dkr1.07 Million/day Dkr- Dkr185.28 Million ▲ +83 days
2012 194 days Dkr257.64 Million Dkr1.33 Million/day Dkr- Dkr196.36 Million ▼ -84 days
2011 278 days Dkr505.41 Million Dkr1.82 Million/day Dkr- Dkr311.92 Million ▲ +189 days
2010 89 days Dkr134.20 Million Dkr1.51 Million/day Dkr- Dkr88.87 Million ▼ -32 days
2009 121 days Dkr150.52 Million Dkr1.24 Million/day Dkr- Dkr104.05 Million ▼ -337 days
2008 458 days Dkr786.46 Million Dkr1.72 Million/day Dkr- Dkr373.54 Million ▼ -3 days
2007 462 days Dkr480.23 Million Dkr1.04 Million/day Dkr- Dkr224.80 Million ▼ -392 days
2006 854 days Dkr263.08 Million Dkr308.01K/day Dkr- Dkr231.32 Million ▲ +209 days
2005 645 days Dkr152.52 Million Dkr236.33K/day Dkr- Dkr113.52 Million ▲ +534 days
2004 112 days Dkr73.70 Million Dkr659.19K/day Dkr- Dkr112.57 Million ▼ -635 days
2003 747 days Dkr157.92 Million Dkr211.51K/day Dkr- Dkr88.76 Million ▲ +493 days
2002 254 days Dkr81.05 Million Dkr319.64K/day Dkr- Dkr15.04 Million ▼ -256 days
2001 509 days Dkr24.60 Million Dkr48.31K/day Dkr- Dkr20.82 Million ▼ -165 days
2000 674 days Dkr32.90 Million Dkr48.79K/day Dkr- Dkr31.98 Million —
DIR = (Cash + Short-term Investments + Net Receivables) / (Daily Cash Expenses)