Tubacex S.A (TUB) — Defensive Interval Ratio

Latest as of June 2026: 89 days

Tubacex S.A (TUB) has a Defensive Interval Ratio of 89 days as of June 2026. Defensive assets of €129.60 Million (cash €-, short-term investments €5.99 Million, receivables €123.62 Million) cover 89 days of daily cash needs of €1.46 Million/day.

Defensive Interval Ratio

89 days
Days of operational coverage

Defensive Assets

€129.60 Million
Cash + ST Investments + Receivables

Daily Cash Need

€1.46 Million
Current Liabilities ÷ 365

Current Liabilities

€534.10 Million
EUR

Tubacex S.A Defensive Interval Ratio (2013–2025)

This chart shows how Tubacex S.A's Defensive Interval Ratio has evolved across 13 annual periods from 2013 to 2025. As of June 2026, the ratio stands at 89 days, meaning defensive assets of €129.60 Million can fund 89 days of operations without new revenue. For the complete balance sheet picture, see TUB total asset value.

Annual Defensive Interval Ratio for Tubacex S.A (2013–2025)

The table below presents the year-by-year Defensive Interval Ratio for Tubacex S.A from 2013 to 2025, covering 13 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 Tubacex S.A 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 79 days €118.22 Million €1.49 Million/day €- €12.03 Million ▲ +8 days
2024 72 days €119.29 Million €1.66 Million/day €- €11.12 Million ▲ +16 days
2023 55 days €107.94 Million €1.95 Million/day €- €19.69 Million ▼ -2 days
2022 57 days €100.45 Million €1.76 Million/day €- €11.21 Million ▼ -25 days
2021 82 days €102.38 Million €1.24 Million/day €- €17.50 Million ▲ +9 days
2020 73 days €84.64 Million €1.16 Million/day €- €26.68 Million ▼ -14 days
2019 87 days €124.92 Million €1.43 Million/day €- €24.56 Million ▲ +8 days
2018 79 days €112.42 Million €1.42 Million/day €- €17.79 Million ▼ -13 days
2017 92 days €127.67 Million €1.38 Million/day €- €32.07 Million ▼ -108 days
2016 200 days €181.53 Million €905.83K/day €- €101.89 Million ▼ -15 days
2015 216 days €192.78 Million €893.28K/day €- €98.89 Million ▼ -20 days
2014 235 days €162.41 Million €690.15K/day €- €68.36 Million ▲ +12 days
2013 223 days €149.78 Million €671.18K/day €- €15.58 Million —
DIR = (Cash + Short-term Investments + Net Receivables) / (Daily Cash Expenses)