Tern Plc (TERN) — Defensive Interval Ratio

Latest as of December 2025: 149 days

Tern Plc (TERN) has a Defensive Interval Ratio of 149 days as of December 2025. Defensive assets of GBX74.15K (cash GBX-, short-term investments GBX-, receivables GBX74.15K) cover 149 days of daily cash needs of GBX498.43/day.

Defensive Interval Ratio

149 days
Days of operational coverage

Defensive Assets

GBX74.15K
Cash + ST Investments + Receivables

Daily Cash Need

GBX498.43
Current Liabilities ÷ 365

Current Liabilities

GBX181.93K
GBX

Tern Plc Defensive Interval Ratio (2005–2025)

This chart shows how Tern Plc's Defensive Interval Ratio has evolved across 18 annual periods from 2005 to 2025. As of December 2025, the ratio stands at 149 days, meaning defensive assets of GBX74.15K can fund 149 days of operations without new revenue. For the complete balance sheet picture, see balance sheet size of Tern Plc.

Annual Defensive Interval Ratio for Tern Plc (2005–2025)

The table below presents the year-by-year Defensive Interval Ratio for Tern Plc from 2005 to 2025, covering 18 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 how liquid is Tern Plc's working capital 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 149 days GBX74.15K GBX498.43/day GBX- GBX- ▲ +64 days
2024 84 days GBX138.06K GBX1.64K/day GBX- GBX- ▲ +75 days
2023 9 days GBX21.50K GBX2.32K/day GBX- GBX- ▼ -327 days
2022 336 days GBX299.62K GBX890.41/day GBX- GBX- ▲ +203 days
2021 134 days GBX125.50K GBX937.14/day GBX- GBX- ▼ -143 days
2020 277 days GBX224.55K GBX809.87/day GBX- GBX- ▲ +7 days
2019 270 days GBX112.65K GBX416.53/day GBX- GBX- ▲ +215 days
2018 55 days GBX38.96K GBX705.33/day GBX- GBX- ▼ -697 days
2017 752 days GBX571.17K GBX759.35/day GBX- GBX- ▲ +607 days
2016 145 days GBX68.48K GBX472.65/day GBX- GBX- ▼ -940 days
2015 1085 days GBX107.00K GBX98.59/day GBX- GBX- ▲ +1072 days
2014 13 days GBX5.82K GBX445.93/day GBX- GBX- ▼ -90 days
2013 103 days GBX33.49K GBX324.09/day GBX- GBX- ▼ -914 days
2011 1018 days GBX437.75K GBX430.14/day GBX- GBX- ▲ +927 days
2008 91 days GBX345.00K GBX3.79K/day GBX- GBX- ▼ -237 days
2007 328 days GBX209.28K GBX638.36/day GBX- GBX- ▲ +5 days
2006 323 days GBX45.97K GBX142.47/day GBX- GBX- ▲ +52 days
2005 271 days GBX23.00K GBX84.93/day GBX- GBX- —
DIR = (Cash + Short-term Investments + Net Receivables) / (Daily Cash Expenses)