SMA SOLAR T. UNSP.ADR/01 (S93) — Defensive Interval Ratio
SMA SOLAR T. UNSP.ADR/01 (S93) has a Defensive Interval Ratio of 128 days as of June 2026. Defensive assets of €221.24 Million (cash €-, short-term investments €29.03 Million, receivables €192.21 Million) cover 128 days of daily cash needs of €1.73 Million/day.
Defensive Interval Ratio
Defensive Assets
Daily Cash Need
Current Liabilities
SMA SOLAR T. UNSP.ADR/01 Defensive Interval Ratio (2021–2025)
This chart shows how SMA SOLAR T. UNSP.ADR/01's Defensive Interval Ratio has evolved across 5 annual periods from 2021 to 2025. As of June 2026, the ratio stands at 128 days, meaning defensive assets of €221.24 Million can fund 128 days of operations without new revenue. For the complete balance sheet picture, see S93 asset base.
Annual Defensive Interval Ratio for SMA SOLAR T. UNSP.ADR/01 (2021–2025)
The table below presents the year-by-year Defensive Interval Ratio for SMA SOLAR T. UNSP.ADR/01 from 2021 to 2025, covering 5 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 position of SMA SOLAR T. UNSP.ADR/01 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 | 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 | — |