Aena SA (AENA) — Defensive Interval Ratio

Latest as of March 2026: 215 days

Aena SA (AENA) has a Defensive Interval Ratio of 215 days as of March 2026. Defensive assets of €1.18 Billion (cash €-, short-term investments €433.28 Million, receivables €746.22 Million) cover 215 days of daily cash needs of €5.48 Million/day.

Defensive Interval Ratio

215 days
Days of operational coverage

Defensive Assets

€1.18 Billion
Cash + ST Investments + Receivables

Daily Cash Need

€5.48 Million
Current Liabilities ÷ 365

Current Liabilities

€2.00 Billion
EUR

Aena SA Defensive Interval Ratio (2011–2025)

This chart shows how Aena SA's Defensive Interval Ratio has evolved across 15 annual periods from 2011 to 2025. As of March 2026, the ratio stands at 215 days, meaning defensive assets of €1.18 Billion can fund 215 days of operations without new revenue. For the complete balance sheet picture, see balance sheet size of Aena SA.

Annual Defensive Interval Ratio for Aena SA (2011–2025)

The table below presents the year-by-year Defensive Interval Ratio for Aena SA from 2011 to 2025, covering 15 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 Aena SA 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)
2025 261 days €1.27 Billion €4.87 Million/day €- €405.09 Million ▲ +103 days
2024 158 days €969.53 Million €6.14 Million/day €- €62.87 Million ▲ +60 days
2023 98 days €715.23 Million €7.29 Million/day €- €32.80 Million ▼ -299 days
2022 397 days €1.68 Billion €4.24 Million/day €1.04 Billion €31.51 Million ▲ +243 days
2021 154 days €1.05 Billion €6.82 Million/day €600.00 Million €-136.73 Million ▼ -156 days
2020 310 days €1.51 Billion €4.87 Million/day €755.00 Million €-139.18 Million ▲ +250 days
2019 60 days €344.25 Million €5.70 Million/day €- €-145.29 Million ▼ -7 days
2018 68 days €277.13 Million €4.11 Million/day €- €-142.59 Million ▲ +28 days
2017 40 days €162.28 Million €4.07 Million/day €- €-138.30 Million ▲ +6 days
2016 34 days €140.50 Million €4.18 Million/day €- €-138.29 Million ▼ -16 days
2015 49 days €248.16 Million €5.05 Million/day €- €-166.55 Million ▲ +33 days
2014 16 days €80.71 Million €5.09 Million/day €- €-186.64 Million ▼ -38 days
2013 54 days €281.89 Million €5.24 Million/day €- €- ▼ -32 days
2012 85 days €498.29 Million €5.83 Million/day €- €- ▲ +5 days
2011 80 days €502.28 Million €6.26 Million/day €- €53.68 Million —
DIR = (Cash + Short-term Investments + Net Receivables) / (Daily Cash Expenses)