IMPERIAL BRANDS PLC ADR/1 (ITBA) — Defensive Interval Ratio

Latest as of September 2025: 73 days

IMPERIAL BRANDS PLC ADR/1 (ITBA) has a Defensive Interval Ratio of 73 days as of September 2025. Defensive assets of €2.38 Billion (cash €-, short-term investments €-, receivables €2.38 Billion) cover 73 days of daily cash needs of €32.48 Million/day.

Defensive Interval Ratio

73 days
Days of operational coverage

Defensive Assets

€2.38 Billion
Cash + ST Investments + Receivables

Daily Cash Need

€32.48 Million
Current Liabilities ÷ 365

Current Liabilities

€11.85 Billion
EUR

IMPERIAL BRANDS PLC ADR/1 Defensive Interval Ratio (2022–2025)

This chart shows how IMPERIAL BRANDS PLC ADR/1's Defensive Interval Ratio has evolved across 4 annual periods from 2022 to 2025. As of September 2025, the ratio stands at 73 days, meaning defensive assets of €2.38 Billion can fund 73 days of operations without new revenue. For the complete balance sheet picture, see ITBA total assets.

Annual Defensive Interval Ratio for IMPERIAL BRANDS PLC ADR/1 (2022–2025)

The table below presents the year-by-year Defensive Interval Ratio for IMPERIAL BRANDS PLC ADR/1 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 IMPERIAL BRANDS PLC ADR/1 current assets vs equity 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 73 days €2.38 Billion €32.48 Million/day €- €- ▼ -1 days
2024 74 days €2.33 Billion €31.40 Million/day €- €- ▲ +8 days
2023 66 days €2.15 Billion €32.60 Million/day €- €- ▼ -6 days
2022 72 days €2.19 Billion €30.52 Million/day €- €-
DIR = (Cash + Short-term Investments + Net Receivables) / (Daily Cash Expenses)