TAV Havalimanlari Holding (TAVHL) — Defensive Interval Ratio

Latest as of June 2026: 62 days

TAV Havalimanlari Holding (TAVHL) has a Defensive Interval Ratio of 62 days as of June 2026. Defensive assets of TL172.71 Million (cash TL-, short-term investments TL-, receivables TL172.71 Million) cover 62 days of daily cash needs of TL2.79 Million/day.

Defensive Interval Ratio

62 days
Days of operational coverage

Defensive Assets

TL172.71 Million
Cash + ST Investments + Receivables

Daily Cash Need

TL2.79 Million
Current Liabilities ÷ 365

Current Liabilities

TL1.02 Billion
TRY

TAV Havalimanlari Holding Defensive Interval Ratio (2003–2025)

This chart shows how TAV Havalimanlari Holding's Defensive Interval Ratio has evolved across 23 annual periods from 2003 to 2025. As of June 2026, the ratio stands at 62 days, meaning defensive assets of TL172.71 Million can fund 62 days of operations without new revenue. For the complete balance sheet picture, see TAV Havalimanlari Holding total assets.

Annual Defensive Interval Ratio for TAV Havalimanlari Holding (2003–2025)

The table below presents the year-by-year Defensive Interval Ratio for TAV Havalimanlari Holding from 2003 to 2025, covering 23 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 to net assets of TAV Havalimanlari Holding to evaluate short-term liquidity relative to the company's equity base.

Year DIR (days) Defensive Assets (TRY) Daily Cash Need Cash ST Investments Change (days)
2025 41 days TL136.06 Million TL3.30 Million/day TL- TL348.00K ▼ -46 days
2024 87 days TL192.45 Million TL2.22 Million/day TL- TL65.35 Million ▲ +54 days
2023 33 days TL80.93 Million TL2.43 Million/day TL- TL80.89 Million ▼ -51 days
2022 84 days TL169.10 Million TL2.00 Million/day TL- TL45.47 Million ▼ -50 days
2021 134 days TL179.10 Million TL1.34 Million/day TL- TL86.24 Million ▲ +97 days
2020 37 days TL130.89 Million TL3.51 Million/day TL- TL50.00 Million ▼ -174 days
2019 211 days TL520.30 Million TL2.46 Million/day TL- TL392.56 Million ▲ +173 days
2018 38 days TL86.00 Million TL2.27 Million/day TL- TL-73.21 Million ▲ +15 days
2017 23 days TL56.62 Million TL2.50 Million/day TL- TL-86.96 Million ▲ +5 days
2016 18 days TL44.21 Million TL2.47 Million/day TL- TL-101.24 Million ▲ +22 days
2015 -4 days TL-9.44 Million TL2.47 Million/day TL- TL-134.02 Million ▲ +4 days
2014 -8 days TL-7.07 Million TL940.99K/day TL- TL-134.72 Million ▲ +16 days
2013 -24 days TL-25.24 Million TL1.05 Million/day TL- TL-114.14 Million ▼ -354 days
2012 330 days TL476.34 Million TL1.44 Million/day TL- TL402.08 Million ▲ +326 days
2011 4 days TL4.21 Million TL1.20 Million/day TL- TL4.21 Million ▲ +87 days
2010 -84 days TL-101.09 Million TL1.21 Million/day TL- TL-196.09 Million ▼ -164 days
2009 81 days TL82.75 Million TL1.03 Million/day TL- TL6.39 Million ▼ -32 days
2008 113 days TL126.88 Million TL1.12 Million/day TL- TL32.26 Million ▼ -133 days
2007 246 days TL233.08 Million TL946.24K/day TL- TL248.68K ▲ +252 days
2006 -6 days TL-15.47 Million TL2.58 Million/day TL- TL157.73K ▼ -53 days
2005 47 days TL36.81 Million TL776.32K/day TL- TL610.18K ▼ -288 days
2004 336 days TL98.47 Million TL293.22K/day TL- TL88.19 Million ▲ +293 days
2003 43 days TL9.93 Million TL230.40K/day TL- TL915.00K —
DIR = (Cash + Short-term Investments + Net Receivables) / (Daily Cash Expenses)