Kernel Holding SA (0KE) — Defensive Interval Ratio

Latest as of December 2025: 281 days

Kernel Holding SA (0KE) has a Defensive Interval Ratio of 281 days as of December 2025. Defensive assets of €490.56 Million (cash €-, short-term investments €241.30 Million, receivables €249.27 Million) cover 281 days of daily cash needs of €1.75 Million/day.

Defensive Interval Ratio

281 days
Days of operational coverage

Defensive Assets

€490.56 Million
Cash + ST Investments + Receivables

Daily Cash Need

€1.75 Million
Current Liabilities ÷ 365

Current Liabilities

€637.57 Million
EUR

Kernel Holding SA Defensive Interval Ratio (2014–2024)

This chart shows how Kernel Holding SA's Defensive Interval Ratio has evolved across 11 annual periods from 2014 to 2024. As of December 2025, the ratio stands at 281 days, meaning defensive assets of €490.56 Million can fund 281 days of operations without new revenue. For the complete balance sheet picture, see Kernel Holding SA balance sheet assets.

Annual Defensive Interval Ratio for Kernel Holding SA (2014–2024)

The table below presents the year-by-year Defensive Interval Ratio for Kernel Holding SA from 2014 to 2024, 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 0KE working capital efficiency 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)
2024 137 days €514.06 Million €3.75 Million/day €- €208.82 Million ▲ +67 days
2023 70 days €364.01 Million €5.20 Million/day €- €42.43 Million ▲ +34 days
2022 36 days €222.53 Million €6.13 Million/day €- €79.80 Million ▼ -133 days
2021 169 days €425.42 Million €2.51 Million/day €- €44.30 Million ▼ -77 days
2020 246 days €278.62 Million €1.13 Million/day €- €63.34 Million ▼ -39 days
2019 285 days €375.18 Million €1.31 Million/day €- €70.83 Million ▲ +69 days
2018 216 days €281.88 Million €1.30 Million/day €- €72.34 Million ▼ -89 days
2017 305 days €245.86 Million €805.07K/day €- €21.04 Million ▲ +104 days
2016 202 days €206.24 Million €1.02 Million/day €- €- ▲ +87 days
2015 115 days €144.38 Million €1.26 Million/day €- €- ▼ -34 days
2014 149 days €244.34 Million €1.64 Million/day €- €- —
DIR = (Cash + Short-term Investments + Net Receivables) / (Daily Cash Expenses)