Tiangong International Company Limited (34T1) — Defensive Interval Ratio

Latest as of June 2025: 270 days

Tiangong International Company Limited (34T1) has a Defensive Interval Ratio of 270 days as of June 2025. Defensive assets of €3.18 Billion (cash €-, short-term investments €658.14 Million, receivables €2.52 Billion) cover 270 days of daily cash needs of €11.77 Million/day.

Defensive Interval Ratio

270 days
Days of operational coverage

Defensive Assets

€3.18 Billion
Cash + ST Investments + Receivables

Daily Cash Need

€11.77 Million
Current Liabilities ÷ 365

Current Liabilities

€4.29 Billion
EUR

Tiangong International Company Limited Defensive Interval Ratio (2013–2024)

This chart shows how Tiangong International Company Limited's Defensive Interval Ratio has evolved across 12 annual periods from 2013 to 2024. As of June 2025, the ratio stands at 270 days, meaning defensive assets of €3.18 Billion can fund 270 days of operations without new revenue. For the complete balance sheet picture, see how large is Tiangong International Company Limited's balance sheet.

Annual Defensive Interval Ratio for Tiangong International Company Limited (2013–2024)

The table below presents the year-by-year Defensive Interval Ratio for Tiangong International Company Limited from 2013 to 2024, covering 12 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 how liquid is Tiangong International Company Limited's working capital 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 233 days €2.75 Billion €11.78 Million/day €- €666.26 Million ▲ +3 days
2023 230 days €3.41 Billion €14.80 Million/day €- €1.31 Billion ▲ +20 days
2022 210 days €2.93 Billion €13.92 Million/day €- €1.34 Billion ▼ -31686 days
2021 31897 days €3.06 Billion €95.82K/day €- €1.75 Billion ▲ +15947 days
2020 15950 days €2.48 Billion €155.55K/day €- €1.23 Billion ▲ +15709 days
2019 241 days €2.80 Billion €11.64 Million/day €- €502.76 Million ▼ -4 days
2018 245 days €2.82 Billion €11.51 Million/day €- €718.90 Million ▲ +3 days
2017 242 days €2.31 Billion €9.54 Million/day €- €500.00 Million ▲ +43 days
2016 199 days €2.09 Billion €10.50 Million/day €- €640.00 Million ▲ +3 days
2015 196 days €2.11 Billion €10.77 Million/day €- €400.00 Million ▼ -54 days
2014 250 days €2.57 Billion €10.26 Million/day €- €543.10 Million ▲ +37 days
2013 213 days €2.09 Billion €9.80 Million/day €- €553.50 Million —
DIR = (Cash + Short-term Investments + Net Receivables) / (Daily Cash Expenses)