Finward Bancorp (FNWD) — Defensive Interval Ratio
Finward Bancorp (FNWD) has a Defensive Interval Ratio of 640 days as of December 2025. Defensive assets of $1.77 Billion (cash $-, short-term investments $316.23 Million, receivables $1.46 Billion) cover 640 days of daily cash needs of $2.77 Million/day. See FNWD working capital ratio to evaluate short-term liquidity relative to the company's equity base.
Defensive Interval Ratio
Defensive Assets
Daily Cash Need
Current Liabilities
Finward Bancorp Defensive Interval Ratio (1996–2025)
This chart shows how Finward Bancorp's Defensive Interval Ratio has evolved across 30 annual periods from 1996 to 2025. As of December 2025, the ratio stands at 640 days, meaning defensive assets of $1.77 Billion can fund 640 days of operations without new revenue. See Finward Bancorp balance sheet quality to measure how much of total assets are equity-financed.
Annual Defensive Interval Ratio for Finward Bancorp (1996–2025)
The table below presents the year-by-year Defensive Interval Ratio for Finward Bancorp from 1996 to 2025, covering 30 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 FNWD market cap.
| Year | DIR (days) | Defensive Assets (USD) | Daily Cash Need | Cash | ST Investments | Change (days) |
|---|---|---|---|---|---|---|
| 2025 | 640 days | $1.77 Billion | $2.77 Million/day | $- | $316.23 Million | ▲ +570 days |
| 2024 | 69 days | $341.93 Million | $4.93 Million/day | $- | $334.21 Million | ▼ -6 days |
| 2023 | 75 days | $379.84 Million | $5.07 Million/day | $- | $371.79 Million | ▼ -1 days |
| 2022 | 76 days | $378.32 Million | $4.97 Million/day | $- | $370.90 Million | ▼ -57 days |
| 2021 | 133 days | $532.33 Million | $4.01 Million/day | $- | $526.89 Million | ▲ +19 days |
| 2020 | 113 days | $415.38 Million | $3.67 Million/day | $- | $410.67 Million | ▲ +26 days |
| 2019 | 87 days | $281.25 Million | $3.23 Million/day | $- | $277.22 Million | ▼ -7 days |
| 2018 | 94 days | $245.40 Million | $2.61 Million/day | $- | $241.77 Million | ▼ -17 days |
| 2017 | 111 days | $247.75 Million | $2.23 Million/day | $- | $244.49 Million | ▲ +4 days |
| 2016 | 108 days | $236.71 Million | $2.20 Million/day | $- | $233.62 Million | ▼ -8 days |
| 2015 | 116 days | $236.35 Million | $2.04 Million/day | $- | $233.35 Million | ▼ -7 days |
| 2014 | 123 days | $222.78 Million | $1.82 Million/day | $- | $220.05 Million | ▲ +2 days |
| 2013 | 121 days | $196.78 Million | $1.63 Million/day | $- | $194.30 Million | ▲ +3 days |
| 2012 | 117 days | $189.96 Million | $1.62 Million/day | $- | $187.47 Million | ▼ -8 days |
| 2011 | 125 days | $189.52 Million | $1.51 Million/day | $- | $186.96 Million | ▲ +114 days |
| 2010 | 12 days | $17.23 Million | $1.49 Million/day | $- | $14.64 Million | ▲ +5 days |
| 2009 | 6 days | $9.57 Million | $1.54 Million/day | $- | $6.69 Million | ▲ +86 days |
| 2008 | -80 days | $-123.56 Million | $1.54 Million/day | $- | $-126.72 Million | ▼ -78 days |
| 2007 | -2 days | $-3.10 Million | $1.35 Million/day | $- | $-6.39 Million | ▲ +66 days |
| 2006 | -68 days | $-95.68 Million | $1.41 Million/day | $- | $-99.01 Million | ▼ -8 days |
| 2005 | -60 days | $-87.10 Million | $1.44 Million/day | $- | $-90.09 Million | ▼ -2 days |
| 2004 | -59 days | $-77.52 Million | $1.32 Million/day | $- | $-79.98 Million | ▼ -10 days |
| 2003 | -49 days | $-61.48 Million | $1.27 Million/day | $- | $-63.73 Million | ▼ -50 days |
| 2002 | 2 days | $2.36 Million | $1.21 Million/day | $- | $- | ▲ +61 days |
| 2001 | -59 days | $-64.84 Million | $1.10 Million/day | $- | $-67.25 Million | ▼ -62 days |
| 2000 | 3 days | $2.52 Million | $972.35K/day | $- | $- | ▼ 0 days |
| 1999 | 3 days | $2.40 Million | $890.96K/day | $- | $- | ▼ 0 days |
| 1998 | 3 days | $2.30 Million | $813.10K/day | $- | $- | ▼ 0 days |
| 1997 | 3 days | $2.19 Million | $754.79K/day | $- | $- | ▼ 0 days |
| 1996 | 3 days | $2.15 Million | $710.53K/day | $- | $- | — |