SMA Solar Technology AG (S92) — Defensive Interval Ratio

Latest as of December 2025: 115 days

SMA Solar Technology AG (S92) has a Defensive Interval Ratio of 115 days as of December 2025. Defensive assets of €194.44 Million (cash €-, short-term investments €10.61 Million, receivables €183.82 Million) cover 115 days of daily cash needs of €1.70 Million/day. See working capital to net assets of SMA Solar Technology AG to evaluate short-term liquidity relative to the company's equity base.

Defensive Interval Ratio

115 days
Days of operational coverage

Defensive Assets

€194.44 Million
Cash + ST Investments + Receivables

Daily Cash Need

€1.70 Million
Current Liabilities ÷ 365

Current Liabilities

€619.49 Million
EUR

SMA Solar Technology AG Defensive Interval Ratio (2013–2025)

This chart shows how SMA Solar Technology AG's Defensive Interval Ratio has evolved across 13 annual periods from 2013 to 2025. As of December 2025, the ratio stands at 115 days, meaning defensive assets of €194.44 Million can fund 115 days of operations without new revenue. See SMA Solar Technology AG (S92) balance sheet quality index to measure how much of total assets are equity-financed.

Annual Defensive Interval Ratio for SMA Solar Technology AG (2013–2025)

The table below presents the year-by-year Defensive Interval Ratio for SMA Solar Technology AG 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. For live market cap and the full company financial profile, see S92 market cap overview.

Year DIR (days) Defensive Assets (EUR) Daily Cash Need Cash ST Investments Change (days)
2025 115 days €194.44 Million €1.70 Million/day €- €10.61 Million ▼ -5 days
2024 120 days €230.03 Million €1.92 Million/day €- €13.12 Million ▼ -62 days
2023 182 days €325.01 Million €1.79 Million/day €- €47.61 Million ▼ -4 days
2022 186 days €194.78 Million €1.05 Million/day €- €41.25 Million ▼ -90 days
2021 276 days €266.18 Million €964.83K/day €- €123.50 Million ▲ +23 days
2020 253 days €236.46 Million €935.81K/day €- €114.59 Million ▲ +22 days
2019 231 days €272.40 Million €1.18 Million/day €- €81.30 Million ▼ -150 days
2018 381 days €334.14 Million €877.46K/day €- €182.01 Million ▼ -130 days
2017 511 days €447.08 Million €875.27K/day €- €238.69 Million ▲ +111 days
2016 400 days €364.93 Million €911.72K/day €- €168.69 Million ▲ +142 days
2015 258 days €218.73 Million €847.10K/day €- €2.45 Million ▲ +46 days
2014 212 days €199.62 Million €942.68K/day €- €3.18 Million ▼ -266 days
2013 478 days €325.17 Million €680.75K/day €- €169.19 Million —
DIR = (Cash + Short-term Investments + Net Receivables) / (Daily Cash Expenses)