HSBC Holdings PLC (HSBA) — Defensive Interval Ratio

Latest as of June 2026: 74 days

HSBC Holdings PLC (HSBA) has a Defensive Interval Ratio of 74 days as of June 2026. Defensive assets of GBX406.16 Billion (cash GBX-, short-term investments GBX404.96 Billion, receivables GBX1.20 Billion) cover 74 days of daily cash needs of GBX5.47 Billion/day.

Defensive Interval Ratio

74 days
Days of operational coverage

Defensive Assets

GBX406.16 Billion
Cash + ST Investments + Receivables

Daily Cash Need

GBX5.47 Billion
Current Liabilities ÷ 365

Current Liabilities

GBX2.00 Trillion
GBX

HSBC Holdings PLC Defensive Interval Ratio (2012–2025)

This chart shows how HSBC Holdings PLC's Defensive Interval Ratio has evolved across 14 annual periods from 2012 to 2025. As of June 2026, the ratio stands at 74 days, meaning defensive assets of GBX406.16 Billion can fund 74 days of operations without new revenue. For the complete balance sheet picture, see HSBA asset base.

Annual Defensive Interval Ratio for HSBC Holdings PLC (2012–2025)

The table below presents the year-by-year Defensive Interval Ratio for HSBC Holdings PLC from 2012 to 2025, covering 14 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 HSBC Holdings PLC (HSBA) working capital ratio to evaluate short-term liquidity relative to the company's equity base.

Year DIR (days) Defensive Assets (GBX) Daily Cash Need Cash ST Investments Change (days)
2025 371 days GBX367.15 Billion GBX988.69 Million/day GBX- GBX366.29 Billion ▲ +264 days
2024 108 days GBX537.04 Billion GBX4.98 Billion/day GBX- GBX537.04 Billion ▲ +108 days
2023 0 days GBX1.12 Billion GBX4.88 Billion/day GBX- GBX1.12 Billion ▼ -40 days
2022 40 days GBX190.28 Billion GBX4.74 Billion/day GBX- GBX189.05 Billion ▲ +37 days
2021 3 days GBX16.25 Billion GBX5.24 Billion/day GBX- GBX15.28 Billion ▼ -357 days
2020 361 days GBX10.28 Billion GBX28.51 Million/day GBX- GBX- ▼ -7822 days
2019 8183 days GBX264.72 Billion GBX32.35 Million/day GBX- GBX254.52 Billion ▲ +8897 days
2018 -715 days GBX-22.11 Billion GBX30.95 Million/day GBX- GBX-31.74 Billion ▼ -798 days
2017 84 days GBX22.88 Billion GBX273.77 Million/day GBX- GBX13.13 Billion ▼ -729 days
2016 813 days GBX23.98 Billion GBX29.51 Million/day GBX- GBX15.41 Billion ▼ -1349 days
2015 2161 days GBX65.90 Billion GBX30.49 Million/day GBX- GBX11.50 Billion ▲ +1520 days
2014 642 days GBX26.50 Billion GBX41.30 Million/day GBX- GBX15.73 Billion ▼ -138 days
2013 779 days GBX34.55 Billion GBX44.34 Million/day GBX- GBX22.93 Billion ▼ -218 days
2012 997 days GBX36.01 Billion GBX36.12 Million/day GBX- GBX26.51 Billion —
DIR = (Cash + Short-term Investments + Net Receivables) / (Daily Cash Expenses)