First Tractor Company Limited (FTP) — Defensive Interval Ratio

Latest as of December 2025: 91 days

First Tractor Company Limited (FTP) has a Defensive Interval Ratio of 91 days as of December 2025. Defensive assets of €1.52 Billion (cash €-, short-term investments €1.20 Billion, receivables €326.78 Million) cover 91 days of daily cash needs of €16.65 Million/day.

Defensive Interval Ratio

91 days
Days of operational coverage

Defensive Assets

€1.52 Billion
Cash + ST Investments + Receivables

Daily Cash Need

€16.65 Million
Current Liabilities ÷ 365

Current Liabilities

€6.08 Billion
EUR

First Tractor Company Limited Defensive Interval Ratio (2013–2025)

This chart shows how First Tractor Company Limited's Defensive Interval Ratio has evolved across 13 annual periods from 2013 to 2025. As of December 2025, the ratio stands at 91 days, meaning defensive assets of €1.52 Billion can fund 91 days of operations without new revenue. For the complete balance sheet picture, see First Tractor Company Limited (FTP) total assets.

Annual Defensive Interval Ratio for First Tractor Company Limited (2013–2025)

The table below presents the year-by-year Defensive Interval Ratio for First Tractor Company Limited 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 how liquid is First Tractor 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)
2025 91 days €1.52 Billion €16.65 Million/day €- €1.20 Billion ▼ -6 days
2024 97 days €1.73 Billion €17.80 Million/day €- €1.43 Billion ▲ +25 days
2023 72 days €1.19 Billion €16.56 Million/day €- €862.91 Million ▼ -23 days
2022 95 days €1.60 Billion €16.79 Million/day €- €1.25 Billion ▲ +12 days
2021 83 days €1.34 Billion €16.14 Million/day €- €1.04 Billion ▼ -91 days
2020 174 days €3.28 Billion €18.83 Million/day €- €2.91 Billion ▼ -29 days
2019 203 days €3.51 Billion €17.28 Million/day €- €1.72 Billion ▲ +53 days
2018 150 days €2.95 Billion €19.68 Million/day €- €1.25 Billion ▲ +38 days
2017 112 days €2.39 Billion €21.23 Million/day €- €40.48 Million ▼ -11 days
2016 124 days €2.03 Billion €16.41 Million/day €- €62.66 Million ▼ -48 days
2015 172 days €2.89 Billion €16.79 Million/day €- €457.00 Million ▲ +27 days
2014 145 days €2.09 Billion €14.46 Million/day €- €50.00 Million ▼ -43 days
2013 188 days €2.39 Billion €12.70 Million/day €- €- —
DIR = (Cash + Short-term Investments + Net Receivables) / (Daily Cash Expenses)