WH Smith PLC (SMWH) — Defensive Interval Ratio
WH Smith PLC (SMWH) has a Defensive Interval Ratio of 40 days as of February 2026. Defensive assets of GBX96.00 Million (cash GBX-, short-term investments GBX-, receivables GBX96.00 Million) cover 40 days of daily cash needs of GBX2.37 Million/day.
Defensive Interval Ratio
Defensive Assets
Daily Cash Need
Current Liabilities
WH Smith PLC Defensive Interval Ratio (2000–2025)
This chart shows how WH Smith PLC's Defensive Interval Ratio has evolved across 26 annual periods from 2000 to 2025. As of February 2026, the ratio stands at 40 days, meaning defensive assets of GBX96.00 Million can fund 40 days of operations without new revenue. For the complete balance sheet picture, see SMWH current and non-current assets.
Annual Defensive Interval Ratio for WH Smith PLC (2000–2025)
The table below presents the year-by-year Defensive Interval Ratio for WH Smith PLC from 2000 to 2025, covering 26 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 WH Smith PLC 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 | 52 days | GBX125.00 Million | GBX2.39 Million/day | GBX- | GBX- | ▼ -29 days |
| 2024 | 81 days | GBX133.00 Million | GBX1.64 Million/day | GBX- | GBX- | ▲ +10 days |
| 2023 | 71 days | GBX105.00 Million | GBX1.49 Million/day | GBX- | GBX5.00 Million | ▲ +25 days |
| 2022 | 45 days | GBX64.00 Million | GBX1.42 Million/day | GBX- | GBX-3.00 Million | ▲ +20 days |
| 2021 | 25 days | GBX26.00 Million | GBX1.03 Million/day | GBX- | GBX-2.00 Million | ▼ -14 days |
| 2020 | 40 days | GBX41.00 Million | GBX1.03 Million/day | GBX- | GBX-6.00 Million | ▼ -56 days |
| 2019 | 96 days | GBX73.00 Million | GBX764.38K/day | GBX- | GBX- | ▲ +60 days |
| 2018 | 36 days | GBX28.00 Million | GBX786.30K/day | GBX- | GBX1.00 Million | ▼ -6 days |
| 2017 | 42 days | GBX31.00 Million | GBX745.21K/day | GBX- | GBX- | ▼ -2 days |
| 2016 | 44 days | GBX32.00 Million | GBX734.25K/day | GBX- | GBX2.00 Million | ▼ -2 days |
| 2015 | 46 days | GBX35.00 Million | GBX764.38K/day | GBX- | GBX- | ▼ 0 days |
| 2014 | 46 days | GBX37.00 Million | GBX805.48K/day | GBX- | GBX- | ▲ +5 days |
| 2013 | 41 days | GBX32.00 Million | GBX789.04K/day | GBX- | GBX- | ▼ 0 days |
| 2012 | 41 days | GBX33.00 Million | GBX808.22K/day | GBX- | GBX- | ▼ -9 days |
| 2011 | 50 days | GBX40.00 Million | GBX805.48K/day | GBX- | GBX- | ▼ -16 days |
| 2010 | 66 days | GBX54.00 Million | GBX821.92K/day | GBX- | GBX- | ▲ +66 days |
| 2009 | 0 days | GBX0.00 | GBX769.86K/day | GBX- | GBX7.00 Million | ▲ +0 days |
| 2008 | 0 days | GBX0.00 | GBX830.14K/day | GBX- | GBX4.00 Million | ▲ +0 days |
| 2007 | 0 days | GBX0.00 | GBX715.07K/day | GBX- | GBX4.00 Million | ▼ -69 days |
| 2006 | 69 days | GBX48.00 Million | GBX698.63K/day | GBX- | GBX- | ▲ +11 days |
| 2005 | 58 days | GBX47.00 Million | GBX810.96K/day | GBX- | GBX- | ▼ -106 days |
| 2004 | 164 days | GBX186.00 Million | GBX1.13 Million/day | GBX- | GBX- | ▲ +32 days |
| 2003 | 132 days | GBX168.00 Million | GBX1.27 Million/day | GBX- | GBX- | ▼ -5 days |
| 2002 | 137 days | GBX167.00 Million | GBX1.22 Million/day | GBX- | GBX- | ▲ +19 days |
| 2001 | 118 days | GBX156.00 Million | GBX1.33 Million/day | GBX- | GBX- | ▼ -9 days |
| 2000 | 127 days | GBX137.00 Million | GBX1.08 Million/day | GBX- | GBX- | — |