Banco Santander S.A. (SAN) — Defensive Interval Ratio

Latest as of December 2025: 432 days

Banco Santander S.A. (SAN) has a Defensive Interval Ratio of 432 days as of December 2025. Defensive assets of €305.30 Billion (cash €-, short-term investments €305.30 Billion, receivables €-) cover 432 days of daily cash needs of €706.60 Million/day. Check Banco Santander S.A. tangible net worth ratio to evaluate the tangible quality of the company's equity base.

Defensive Interval Ratio

432 days
Days of operational coverage

Defensive Assets

€305.30 Billion
Cash + ST Investments + Receivables

Daily Cash Need

€706.60 Million
Current Liabilities ÷ 365

Current Liabilities

€257.91 Billion
EUR

Banco Santander S.A. Defensive Interval Ratio (1991–2025)

This chart shows how Banco Santander S.A.'s Defensive Interval Ratio has evolved across 24 annual periods from 1991 to 2025. As of December 2025, the ratio stands at 432 days, meaning defensive assets of €305.30 Billion can fund 432 days of operations without new revenue. Also explore SAN net asset momentum to track the company's year-over-year net asset growth rate.

Annual Defensive Interval Ratio for Banco Santander S.A. (1991–2025)

The table below presents the year-by-year Defensive Interval Ratio for Banco Santander S.A. from 1991 to 2025, covering 24 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 Banco Santander S.A. market capitalisation.

Year DIR (days) Defensive Assets (EUR) Daily Cash Need Cash ST Investments Change (days)
2025 432 days €305.30 Billion €706.60 Million/day €- €305.30 Billion ▲ +423 days
2024 9 days €30.95 Billion €3.59 Billion/day €- €19.52 Billion ▼ -30 days
2023 38 days €85.95 Billion €2.25 Billion/day €- €75.33 Billion ▼ -2950 days
2022 2988 days €86.22 Billion €28.86 Million/day €- €77.02 Billion ▼ -1269 days
2021 4257 days €106.13 Billion €24.93 Million/day €- €100.38 Billion ▼ -749 days
2020 5006 days €117.03 Billion €23.38 Million/day €- €111.69 Billion ▼ -1739 days
2019 6746 days €128.09 Billion €18.99 Million/day €- €121.27 Billion ▼ -11341 days
2018 18087 days €338.50 Billion €18.72 Million/day €- €331.51 Billion ▲ +10910 days
2017 7178 days €157.85 Billion €21.99 Million/day €- €150.81 Billion ▲ +626 days
2016 6552 days €136.43 Billion €20.82 Million/day €- €130.01 Billion ▼ -130 days
2015 6682 days €138.71 Billion €20.76 Million/day €- €132.94 Billion ▲ +603 days
2014 6079 days €128.55 Billion €21.15 Million/day €- €122.76 Billion ▲ +588 days
2013 5491 days €97.44 Billion €17.75 Million/day €- €91.69 Billion ▲ +959 days
2012 4532 days €105.44 Billion €23.27 Million/day €- €99.33 Billion ▼ -6680 days
2011 11212 days €93.57 Billion €8.35 Million/day €- €88.43 Billion ▲ +11027 days
2010 186 days €100.15 Billion €539.32 Million/day €- €94.66 Billion ▲ +5 days
2009 181 days €106.41 Billion €589.18 Million/day €- €101.58 Billion ▼ -26002 days
2008 26183 days €238.71 Billion €9.12 Million/day €- €236.40 Billion ▲ +21772 days
2007 4411 days €57.81 Billion €13.10 Million/day €- €55.96 Billion ▼ -10 days
2006 4421 days €47.23 Billion €10.68 Million/day €- €46.53 Billion ▼ -13494 days
2004 17915 days €79.85 Billion €4.46 Million/day €- €78.46 Billion ▼ -29141 days
1993 47056 days €16.11 Billion €342.28K/day €- €- ▲ +46538 days
1992 518 days €543.78 Million €1.05 Million/day €- €- ▲ +465 days
1991 54 days €1.98 Billion €36.92 Million/day €- €- —
DIR = (Cash + Short-term Investments + Net Receivables) / (Daily Cash Expenses)