CATHAY PAC.AIRW.HD-20ADR5 (CTYA) — Defensive Interval Ratio
CATHAY PAC.AIRW.HD-20ADR5 (CTYA) has a Defensive Interval Ratio of 56 days as of December 2025. Defensive assets of €9.05 Billion (cash €-, short-term investments €3.82 Billion, receivables €5.23 Billion) cover 56 days of daily cash needs of €161.76 Million/day.
Defensive Interval Ratio
Defensive Assets
Daily Cash Need
Current Liabilities
CATHAY PAC.AIRW.HD-20ADR5 Defensive Interval Ratio (2021–2025)
This chart shows how CATHAY PAC.AIRW.HD-20ADR5's Defensive Interval Ratio has evolved across 5 annual periods from 2021 to 2025. As of December 2025, the ratio stands at 56 days, meaning defensive assets of €9.05 Billion can fund 56 days of operations without new revenue. For the complete balance sheet picture, see CATHAY PAC.AIRW.HD-20ADR5 balance sheet assets.
Annual Defensive Interval Ratio for CATHAY PAC.AIRW.HD-20ADR5 (2021–2025)
The table below presents the year-by-year Defensive Interval Ratio for CATHAY PAC.AIRW.HD-20ADR5 from 2021 to 2025, covering 5 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 CTYA 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 | 56 days | €9.05 Billion | €161.76 Million/day | €- | €3.82 Billion | ▼ -15 days |
| 2024 | 71 days | €9.82 Billion | €137.64 Million/day | €- | €5.09 Billion | ▼ -25 days |
| 2023 | 96 days | €11.96 Billion | €124.64 Million/day | €- | €7.64 Billion | ▼ -30 days |
| 2022 | 126 days | €14.95 Billion | €118.91 Million/day | €- | €10.94 Billion | ▼ -108 days |
| 2021 | 233 days | €27.58 Billion | €118.18 Million/day | €- | €19.28 Billion | — |