Grupo Financiero Banorte S.A.B. de C.V (GFNORTEO) — Defensive Interval Ratio

Latest as of March 2023: 17 days

Grupo Financiero Banorte S.A.B. de C.V (GFNORTEO) has a Defensive Interval Ratio of 17 days as of March 2023. Defensive assets of MX$69.30 Billion (cash MX$-, short-term investments MX$-, receivables MX$69.30 Billion) cover 17 days of daily cash needs of MX$4.00 Billion/day. Check tangible net worth ratio of Grupo Financiero Banorte S.A.B. de C.V to evaluate the tangible quality of the company's equity base.

Defensive Interval Ratio

17 days
Days of operational coverage

Defensive Assets

MX$69.30 Billion
Cash + ST Investments + Receivables

Daily Cash Need

MX$4.00 Billion
Current Liabilities ÷ 365

Current Liabilities

MX$1.46 Trillion
MXN

Grupo Financiero Banorte S.A.B. de C.V Defensive Interval Ratio (2014–2022)

This chart shows how Grupo Financiero Banorte S.A.B. de C.V's Defensive Interval Ratio has evolved across 9 annual periods from 2014 to 2022. As of March 2023, the ratio stands at 17 days, meaning defensive assets of MX$69.30 Billion can fund 17 days of operations without new revenue. Also explore GFNORTEO year-over-year net asset growth to track the company's year-over-year net asset growth rate.

Annual Defensive Interval Ratio for Grupo Financiero Banorte S.A.B. de C.V (2014–2022)

The table below presents the year-by-year Defensive Interval Ratio for Grupo Financiero Banorte S.A.B. de C.V from 2014 to 2022, covering 9 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 Grupo Financiero Banorte S.A.B. de C.V (GFNORTEO) total market value.

Year DIR (days) Defensive Assets (MXN) Daily Cash Need Cash ST Investments Change (days)
2022 8 days MX$32.32 Billion MX$3.93 Billion/day MX$- MX$- ▼ -3 days
2021 11 days MX$36.86 Billion MX$3.42 Billion/day MX$- MX$- ▼ -2 days
2020 13 days MX$43.18 Billion MX$3.42 Billion/day MX$- MX$- ▼ 0 days
2019 13 days MX$38.78 Billion MX$3.04 Billion/day MX$- MX$6.10 Billion ▼ -1 days
2018 14 days MX$43.19 Billion MX$3.17 Billion/day MX$- MX$3.99 Billion ▼ -3 days
2017 16 days MX$45.19 Billion MX$2.75 Billion/day MX$- MX$6.52 Billion ▲ +2 days
2016 15 days MX$38.84 Billion MX$2.64 Billion/day MX$- MX$4.22 Billion ▲ +4 days
2015 11 days MX$27.93 Billion MX$2.53 Billion/day MX$- MX$493.00 Million ▼ -18 days
2014 29 days MX$67.02 Billion MX$2.31 Billion/day MX$- MX$41.95 Billion —
DIR = (Cash + Short-term Investments + Net Receivables) / (Daily Cash Expenses)