Compagnie Generale des Etablissements Michelin SCA (0OFM) — Defensive Interval Ratio

Latest as of December 2021: 165 days

Compagnie Generale des Etablissements Michelin SCA (0OFM) has a Defensive Interval Ratio of 165 days as of December 2021. Defensive assets of €4.07 Billion (cash €-, short-term investments €-, receivables €4.07 Billion) cover 165 days of daily cash needs of €24.70 Million/day.

Defensive Interval Ratio

165 days
Days of operational coverage

Defensive Assets

€4.07 Billion
Cash + ST Investments + Receivables

Daily Cash Need

€24.70 Million
Current Liabilities ÷ 365

Current Liabilities

€9.02 Billion
EUR

Compagnie Generale des Etablissements Michelin SCA Defensive Interval Ratio (2016–2021)

This chart shows how Compagnie Generale des Etablissements Michelin SCA's Defensive Interval Ratio has evolved across 6 annual periods from 2016 to 2021. As of December 2021, the ratio stands at 165 days, meaning defensive assets of €4.07 Billion can fund 165 days of operations without new revenue. For the complete balance sheet picture, see Compagnie Generale des Etablissements Mi balance sheet assets.

Annual Defensive Interval Ratio for Compagnie Generale des Etablissements Michelin SCA (2016–2021)

The table below presents the year-by-year Defensive Interval Ratio for Compagnie Generale des Etablissements Michelin SCA from 2016 to 2021, covering 6 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 Compagnie Generale des Etablissements Mi current assets vs equity 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)
2021 165 days €4.07 Billion €24.70 Million/day €- €- ▼ -6 days
2020 171 days €3.35 Billion €19.55 Million/day €- €- ▼ -34 days
2019 205 days €3.99 Billion €19.43 Million/day €- €- ▲ +4 days
2018 202 days €3.89 Billion €19.26 Million/day €- €- ▲ +10 days
2017 191 days €3.08 Billion €16.12 Million/day €- €- ▲ +18 days
2016 173 days €3.04 Billion €17.59 Million/day €- €- —
DIR = (Cash + Short-term Investments + Net Receivables) / (Daily Cash Expenses)