China Merchants Securities Co. Ltd (195H) — Defensive Interval Ratio

Latest as of June 2023: 75 days

China Merchants Securities Co. Ltd (195H) has a Defensive Interval Ratio of 75 days as of June 2023. Defensive assets of €83.52 Billion (cash €-, short-term investments €-, receivables €83.52 Billion) cover 75 days of daily cash needs of €1.11 Billion/day. Check tangible equity quality of China Merchants Securities Co. Ltd to evaluate the tangible quality of the company's equity base.

Defensive Interval Ratio

75 days
Days of operational coverage

Defensive Assets

€83.52 Billion
Cash + ST Investments + Receivables

Daily Cash Need

€1.11 Billion
Current Liabilities ÷ 365

Current Liabilities

€404.67 Billion
EUR

China Merchants Securities Co. Ltd Defensive Interval Ratio (2016–2022)

This chart shows how China Merchants Securities Co. Ltd's Defensive Interval Ratio has evolved across 7 annual periods from 2016 to 2022. As of June 2023, the ratio stands at 75 days, meaning defensive assets of €83.52 Billion can fund 75 days of operations without new revenue. Also explore how fast is China Merchants Securities Co. Ltd growing its equity to track the company's year-over-year net asset growth rate.

Annual Defensive Interval Ratio for China Merchants Securities Co. Ltd (2016–2022)

The table below presents the year-by-year Defensive Interval Ratio for China Merchants Securities Co. Ltd from 2016 to 2022, covering 7 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 live market cap and the full company financial profile, see how much is China Merchants Securities Co. Ltd worth.

Year DIR (days) Defensive Assets (EUR) Daily Cash Need Cash ST Investments Change (days)
2022 89 days €82.55 Billion €925.42 Million/day €- €- ▼ -29 days
2021 118 days €99.77 Billion €846.63 Million/day €- €- ▲ +9 days
2020 108 days €85.38 Billion €787.52 Million/day €- €- ▲ +22 days
2019 86 days €56.26 Billion €654.09 Million/day €- €- ▼ -5 days
2018 91 days €45.97 Billion €503.75 Million/day €- €- ▼ -55 days
2017 147 days €62.07 Billion €423.16 Million/day €- €- ▼ -7 days
2016 154 days €55.34 Billion €359.47 Million/day €- €-
DIR = (Cash + Short-term Investments + Net Receivables) / (Daily Cash Expenses)