Icelandair Group hf (ICEAIR) — Defensive Interval Ratio

Latest as of June 2025: 135 days

Icelandair Group hf (ICEAIR) has a Defensive Interval Ratio of 135 days as of June 2025. Defensive assets of Ikr371.76 Million (cash Ikr-, short-term investments Ikr163.04 Million, receivables Ikr208.71 Million) cover 135 days of daily cash needs of Ikr2.76 Million/day. See working capital to net assets of Icelandair Group hf to evaluate short-term liquidity relative to the company's equity base.

Defensive Interval Ratio

135 days
Days of operational coverage

Defensive Assets

Ikr371.76 Million
Cash + ST Investments + Receivables

Daily Cash Need

Ikr2.76 Million
Current Liabilities ÷ 365

Current Liabilities

Ikr1.01 Billion
ISK

Icelandair Group hf Defensive Interval Ratio (2005–2024)

This chart shows how Icelandair Group hf's Defensive Interval Ratio has evolved across 19 annual periods from 2005 to 2024. As of June 2025, the ratio stands at 135 days, meaning defensive assets of Ikr371.76 Million can fund 135 days of operations without new revenue. See Icelandair Group hf balance sheet quality to measure how much of total assets are equity-financed.

Annual Defensive Interval Ratio for Icelandair Group hf (2005–2024)

The table below presents the year-by-year Defensive Interval Ratio for Icelandair Group hf from 2005 to 2024, covering 19 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 ICEAIR company net worth.

Year DIR (days) Defensive Assets (ISK) Daily Cash Need Cash ST Investments Change (days)
2024 92 days Ikr177.16 Million Ikr1.93 Million/day Ikr- Ikr104.56 Million ▲ +20 days
2023 72 days Ikr127.21 Million Ikr1.77 Million/day Ikr- Ikr71.01 Million ▲ +15 days
2022 57 days Ikr93.48 Million Ikr1.64 Million/day Ikr- Ikr42.16 Million ▼ -22 days
2021 79 days Ikr105.83 Million Ikr1.35 Million/day Ikr- Ikr58.20 Million ▲ +10 days
2020 68 days Ikr74.97 Million Ikr1.10 Million/day Ikr- Ikr41.71 Million ▲ +20 days
2019 49 days Ikr102.77 Million Ikr2.10 Million/day Ikr- Ikr- ▲ +8 days
2018 40 days Ikr88.26 Million Ikr2.19 Million/day Ikr- Ikr2.31 Million ▼ -94 days
2017 135 days Ikr172.84 Million Ikr1.28 Million/day Ikr- Ikr4.09 Million ▲ +31 days
2016 104 days Ikr129.44 Million Ikr1.25 Million/day Ikr- Ikr23.24 Million ▲ +11 days
2015 92 days Ikr105.09 Million Ikr1.14 Million/day Ikr- Ikr19.53 Million ▼ -18 days
2014 111 days Ikr121.67 Million Ikr1.10 Million/day Ikr- Ikr43.29 Million ▼ -9 days
2013 119 days Ikr116.46 Million Ikr976.90K/day Ikr- Ikr16.64 Million ▼ -51 days
2012 170 days Ikr142.29 Million Ikr838.01K/day Ikr- Ikr18.19 Million ▼ -17 days
2011 187 days Ikr16.93 Billion Ikr90.61 Million/day Ikr- Ikr3.68 Billion ▼ -17 days
2010 204 days Ikr15.88 Billion Ikr77.99 Million/day Ikr- Ikr4.18 Billion ▲ +139 days
2009 65 days Ikr9.72 Billion Ikr150.36 Million/day Ikr- Ikr1.88 Billion ▼ -29 days
2008 94 days Ikr13.84 Billion Ikr146.95 Million/day Ikr- Ikr409.00 Million ▼ -26 days
2007 120 days Ikr9.04 Billion Ikr75.49 Million/day Ikr- Ikr- ▼ -496 days
2005 616 days Ikr5.29 Billion Ikr8.59 Million/day Ikr- Ikr395.00 Million —
DIR = (Cash + Short-term Investments + Net Receivables) / (Daily Cash Expenses)