Kvika banki hf (KVIKA) — Defensive Interval Ratio

Latest as of June 2023: 13 days

Kvika banki hf (KVIKA) has a Defensive Interval Ratio of 13 days as of June 2023. Defensive assets of Ikr5.89 Billion (cash Ikr-, short-term investments Ikr-, receivables Ikr5.89 Billion) cover 13 days of daily cash needs of Ikr459.48 Million/day. See Kvika banki hf (KVIKA) working capital ratio to evaluate short-term liquidity relative to the company's equity base.

Defensive Interval Ratio

13 days
Days of operational coverage

Defensive Assets

Ikr5.89 Billion
Cash + ST Investments + Receivables

Daily Cash Need

Ikr459.48 Million
Current Liabilities ÷ 365

Current Liabilities

Ikr167.71 Billion
ISK

Kvika banki hf Defensive Interval Ratio (2015–2022)

This chart shows how Kvika banki hf's Defensive Interval Ratio has evolved across 8 annual periods from 2015 to 2022. As of June 2023, the ratio stands at 13 days, meaning defensive assets of Ikr5.89 Billion can fund 13 days of operations without new revenue. See KVIKA net asset quality score to measure how much of total assets are equity-financed.

Annual Defensive Interval Ratio for Kvika banki hf (2015–2022)

The table below presents the year-by-year Defensive Interval Ratio for Kvika banki hf from 2015 to 2022, covering 8 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 market value of Kvika banki hf.

Year DIR (days) Defensive Assets (ISK) Daily Cash Need Cash ST Investments Change (days)
2022 21 days Ikr8.26 Billion Ikr395.18 Million/day Ikr- Ikr- ▼ -13 days
2021 34 days Ikr9.76 Billion Ikr286.24 Million/day Ikr- Ikr- ▲ +13 days
2020 21 days Ikr5.43 Billion Ikr260.76 Million/day Ikr- Ikr- ▲ +3 days
2019 17 days Ikr3.97 Billion Ikr228.25 Million/day Ikr- Ikr- ▲ +7 days
2018 10 days Ikr1.89 Billion Ikr188.06 Million/day Ikr- Ikr- ▲ +0 days
2017 10 days Ikr1.66 Billion Ikr167.74 Million/day Ikr- Ikr- ▲ +5 days
2016 5 days Ikr716.36 Million Ikr140.74 Million/day Ikr- Ikr- ▲ +1 days
2015 4 days Ikr625.19 Million Ikr148.66 Million/day Ikr- Ikr- —
DIR = (Cash + Short-term Investments + Net Receivables) / (Daily Cash Expenses)