International Consolidated Airlines Group S.A (IAG) — Defensive Interval Ratio

Latest as of December 2025: 95 days

International Consolidated Airlines Group S.A (IAG) has a Defensive Interval Ratio of 95 days as of December 2025. Defensive assets of €4.82 Billion (cash €-, short-term investments €899.39 Million, receivables €3.92 Billion) cover 95 days of daily cash needs of €50.90 Million/day. See working capital to net assets of International Consolidated Airlines Grou to evaluate short-term liquidity relative to the company's equity base.

Defensive Interval Ratio

95 days
Days of operational coverage

Defensive Assets

€4.82 Billion
Cash + ST Investments + Receivables

Daily Cash Need

€50.90 Million
Current Liabilities ÷ 365

Current Liabilities

€18.58 Billion
EUR

International Consolidated Airlines Group S.A Defensive Interval Ratio (2003–2025)

This chart shows how International Consolidated Airlines Group S.A's Defensive Interval Ratio has evolved across 22 annual periods from 2003 to 2025. As of December 2025, the ratio stands at 95 days, meaning defensive assets of €4.82 Billion can fund 95 days of operations without new revenue. See International Consolidated Airlines Grou (IAG) balance sheet quality index to measure how much of total assets are equity-financed.

Annual Defensive Interval Ratio for International Consolidated Airlines Group S.A (2003–2025)

The table below presents the year-by-year Defensive Interval Ratio for International Consolidated Airlines Group S.A from 2003 to 2025, covering 22 annual filings. Each row shows defensive assets, daily cash need, the DIR in days, and the change in days compared to the prior year. For live market cap and the full company financial profile, see International Consolidated Airlines Grou stock valuation.

Year DIR (days) Defensive Assets (EUR) Daily Cash Need Cash ST Investments Change (days)
2025 95 days €4.82 Billion €50.90 Million/day €- €899.39 Million ▲ +10 days
2024 85 days €4.51 Billion €53.04 Million/day €- €1.61 Billion ▲ +4 days
2023 81 days €3.75 Billion €46.52 Million/day €- €1.36 Billion ▲ +38 days
2022 42 days €1.93 Billion €45.65 Million/day €- €370.00 Million ▼ -5 days
2021 47 days €1.72 Billion €36.38 Million/day €- €16.00 Million ▼ -2 days
2020 49 days €1.55 Billion €31.55 Million/day €- €105.00 Million ▼ -132 days
2019 181 days €6.34 Billion €34.93 Million/day €- €2.58 Billion ▼ -3 days
2018 185 days €5.59 Billion €30.27 Million/day €- €2.44 Billion ▲ +4 days
2017 181 days €4.80 Billion €26.55 Million/day €- €3.34 Billion ▲ +7 days
2016 174 days €4.45 Billion €25.58 Million/day €- €3.04 Billion ▲ +28 days
2015 146 days €4.53 Billion €31.14 Million/day €- €2.95 Billion ▼ -35 days
2014 180 days €4.84 Billion €26.85 Million/day €- €3.42 Billion ▲ +24 days
2013 156 days €3.55 Billion €22.79 Million/day €- €2.09 Billion ▲ +17 days
2012 139 days €2.89 Billion €20.72 Million/day €- €1.55 Billion ▼ -37 days
2011 176 days €3.15 Billion €17.89 Million/day €- €1.76 Billion ▲ +7 days
2010 169 days €1.94 Billion €11.53 Million/day €- €1.38 Billion ▲ +24 days
2008 144 days €1.77 Billion €12.25 Million/day €- €1.10 Billion ▼ -76 days
2007 221 days €2.65 Billion €12.00 Million/day €- €1.78 Billion ▼ -37 days
2006 258 days €3.77 Billion €14.63 Million/day €- €2.71 Billion ▼ -92 days
2005 349 days €4.71 Billion €13.48 Million/day €- €3.63 Billion ▲ +143 days
2004 207 days €2.69 Billion €13.02 Million/day €- €1.65 Billion ▼ -83 days
2003 290 days €3.56 Billion €12.28 Million/day €- €2.40 Billion —
DIR = (Cash + Short-term Investments + Net Receivables) / (Daily Cash Expenses)