Vale S.A (CVLB) — Defensive Interval Ratio

Latest as of March 2026: 70 days

Vale S.A (CVLB) has a Defensive Interval Ratio of 70 days as of March 2026. Defensive assets of €2.60 Billion (cash €-, short-term investments €194.00 Million, receivables €2.40 Billion) cover 70 days of daily cash needs of €37.01 Million/day.

Defensive Interval Ratio

70 days
Days of operational coverage

Defensive Assets

€2.60 Billion
Cash + ST Investments + Receivables

Daily Cash Need

€37.01 Million
Current Liabilities ÷ 365

Current Liabilities

€13.51 Billion
EUR

Vale S.A Defensive Interval Ratio (2013–2025)

This chart shows how Vale S.A's Defensive Interval Ratio has evolved across 13 annual periods from 2013 to 2025. As of March 2026, the ratio stands at 70 days, meaning defensive assets of €2.60 Billion can fund 70 days of operations without new revenue. For the complete balance sheet picture, see CVLB total assets.

Annual Defensive Interval Ratio for Vale S.A (2013–2025)

The table below presents the year-by-year Defensive Interval Ratio for Vale S.A from 2013 to 2025, covering 13 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 working capital to net assets of Vale S.A 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 57 days €2.49 Billion €43.48 Million/day €- €194.00 Million ▼ -10 days
2024 67 days €2.41 Billion €35.86 Million/day €- €53.00 Million ▼ -39 days
2023 106 days €4.25 Billion €40.15 Million/day €- €51.00 Million ▲ +84 days
2022 22 days €4.38 Billion €198.57 Million/day €- €61.00 Million ▲ +4 days
2021 18 days €4.10 Billion €232.37 Million/day €- €184.00 Million ▼ -12 days
2020 29 days €6.09 Billion €207.78 Million/day €- €1.10 Billion ▼ -76 days
2019 105 days €16.03 Billion €152.89 Million/day €- €826.00 Million ▼ -52 days
2018 156 days €15.12 Billion €96.67 Million/day €- €32.00 Million ▼ -2 days
2017 158 days €18.77 Billion €118.79 Million/day €- €18.00 Million ▼ -14 days
2016 172 days €17.25 Billion €100.30 Million/day €- €18.00 Million ▲ +69 days
2015 103 days €11.63 Billion €112.83 Million/day €- €109.00 Million ▼ -91 days
2014 194 days €15.14 Billion €78.12 Million/day €- €392.00 Million ▼ -93 days
2013 287 days €17.68 Billion €61.69 Million/day €- €8.00 Million —
DIR = (Cash + Short-term Investments + Net Receivables) / (Daily Cash Expenses)