TAV HAVALIMAN.HLDG ADR/4 (5THA) — Defensive Interval Ratio
TAV HAVALIMAN.HLDG ADR/4 (5THA) has a Defensive Interval Ratio of 52 days as of March 2026. Defensive assets of €136.26 Million (cash €-, short-term investments €355.00K, receivables €135.91 Million) cover 52 days of daily cash needs of €2.62 Million/day.
Defensive Interval Ratio
Defensive Assets
Daily Cash Need
Current Liabilities
TAV HAVALIMAN.HLDG ADR/4 Defensive Interval Ratio (2022–2025)
This chart shows how TAV HAVALIMAN.HLDG ADR/4's Defensive Interval Ratio has evolved across 4 annual periods from 2022 to 2025. As of March 2026, the ratio stands at 52 days, meaning defensive assets of €136.26 Million can fund 52 days of operations without new revenue. For the complete balance sheet picture, see 5THA total assets.
Annual Defensive Interval Ratio for TAV HAVALIMAN.HLDG ADR/4 (2022–2025)
The table below presents the year-by-year Defensive Interval Ratio for TAV HAVALIMAN.HLDG ADR/4 from 2022 to 2025, covering 4 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 5THA 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) |
|---|---|---|---|---|---|---|
| 2025 | 41 days | €136.06 Million | €3.30 Million/day | €- | €348.00K | ▼ -46 days |
| 2024 | 87 days | €192.45 Million | €2.22 Million/day | €- | €65.35 Million | ▲ +7 days |
| 2023 | 80 days | €195.14 Million | €2.43 Million/day | €- | €80.89 Million | ▲ +1 days |
| 2022 | 79 days | €159.24 Million | €2.00 Million/day | €- | €45.47 Million | — |