China Southern Airlines Company Limited (ZNHH) — Defensive Interval Ratio

Latest as of March 2026: 19 days

China Southern Airlines Company Limited (ZNHH) has a Defensive Interval Ratio of 19 days as of March 2026. Defensive assets of €8.24 Billion (cash €-, short-term investments €2.76 Billion, receivables €5.48 Billion) cover 19 days of daily cash needs of €434.68 Million/day.

Defensive Interval Ratio

19 days
Days of operational coverage

Defensive Assets

€8.24 Billion
Cash + ST Investments + Receivables

Daily Cash Need

€434.68 Million
Current Liabilities ÷ 365

Current Liabilities

€158.66 Billion
EUR

China Southern Airlines Company Limited Defensive Interval Ratio (2013–2025)

This chart shows how China Southern Airlines Company Limited's Defensive Interval Ratio has evolved across 13 annual periods from 2013 to 2025. As of March 2026, the ratio stands at 19 days, meaning defensive assets of €8.24 Billion can fund 19 days of operations without new revenue. For the complete balance sheet picture, see China Southern Airlines Company Limited assets under control.

Annual Defensive Interval Ratio for China Southern Airlines Company Limited (2013–2025)

The table below presents the year-by-year Defensive Interval Ratio for China Southern Airlines 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 ZNHH 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)
2025 16 days €6.81 Billion €422.25 Million/day €- €2.85 Billion ▼ 0 days
2024 16 days €6.16 Billion €379.18 Million/day €- €2.69 Billion ▼ -2 days
2023 18 days €6.48 Billion €354.62 Million/day €- €3.16 Billion ▲ +11 days
2022 7 days €2.66 Billion €387.56 Million/day €- €- ▼ -3 days
2021 10 days €2.89 Billion €304.08 Million/day €- €- ▼ 0 days
2020 10 days €2.54 Billion €262.14 Million/day €- €- ▼ -12 days
2019 21 days €5.56 Billion €261.62 Million/day €- €0.00 ▼ -5 days
2018 26 days €5.97 Billion €229.28 Million/day €- €704.00 Million ▲ +5 days
2017 21 days €4.04 Billion €190.62 Million/day €- €313.00 Million ▼ -5 days
2016 26 days €4.87 Billion €186.13 Million/day €- €568.00 Million ▲ +2 days
2015 24 days €4.30 Billion €179.62 Million/day €- €120.00 Million ▼ -9 days
2014 33 days €4.87 Billion €148.18 Million/day €- €- ▲ +4 days
2013 29 days €3.89 Billion €134.83 Million/day €- €- —
DIR = (Cash + Short-term Investments + Net Receivables) / (Daily Cash Expenses)