First BanCorp (OLWN) — Defensive Interval Ratio

Latest as of September 2023: 115 days

First BanCorp (OLWN) has a Defensive Interval Ratio of 115 days as of September 2023. Defensive assets of €5.25 Billion (cash €-, short-term investments €5.18 Billion, receivables €68.78 Million) cover 115 days of daily cash needs of €45.56 Million/day.

Defensive Interval Ratio

115 days
Days of operational coverage

Defensive Assets

€5.25 Billion
Cash + ST Investments + Receivables

Daily Cash Need

€45.56 Million
Current Liabilities ÷ 365

Current Liabilities

€16.63 Billion
EUR

First BanCorp Defensive Interval Ratio (2014–2022)

This chart shows how First BanCorp's Defensive Interval Ratio has evolved across 9 annual periods from 2014 to 2022. As of September 2023, the ratio stands at 115 days, meaning defensive assets of €5.25 Billion can fund 115 days of operations without new revenue. For the complete balance sheet picture, see First BanCorp (OLWN) total assets.

Annual Defensive Interval Ratio for First BanCorp (2014–2022)

The table below presents the year-by-year Defensive Interval Ratio for First BanCorp from 2014 to 2022, covering 9 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 OLWN current assets to equity ratio 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)
2022 123 days €5.67 Billion €46.19 Million/day €- €5.60 Billion ▼ -9 days
2021 131 days €6.52 Billion €49.61 Million/day €- €6.46 Billion ▲ +20 days
2020 112 days €4.78 Billion €42.71 Million/day €- €4.71 Billion ▲ +31 days
2019 81 days €2.11 Billion €26.03 Million/day €- €2.09 Billion ▲ +10 days
2018 71 days €1.78 Billion €25.14 Million/day €- €1.77 Billion ▲ +9 days
2017 62 days €1.57 Billion €25.39 Million/day €- €1.55 Billion ▼ -1 days
2016 63 days €1.56 Billion €24.98 Million/day €- €1.55 Billion ▲ +54 days
2015 9 days €225.37 Million €26.02 Million/day €- €216.47 Million ▲ +6 days
2014 3 days €67.46 Million €26.30 Million/day €- €16.66 Million —
DIR = (Cash + Short-term Investments + Net Receivables) / (Daily Cash Expenses)