First Merchants Corporation (FRME) — Defensive Interval Ratio
First Merchants Corporation (FRME) has a Defensive Interval Ratio of 69 days as of December 2025. Defensive assets of $1.50 Billion (cash $-, short-term investments $1.41 Billion, receivables $93.37 Million) cover 69 days of daily cash needs of $21.73 Million/day. Check FRME tangible net assets ratio to evaluate the tangible quality of the company's equity base.
Defensive Interval Ratio
Defensive Assets
Daily Cash Need
Current Liabilities
First Merchants Corporation Defensive Interval Ratio (1989–2025)
This chart shows how First Merchants Corporation's Defensive Interval Ratio has evolved across 37 annual periods from 1989 to 2025. As of December 2025, the ratio stands at 69 days, meaning defensive assets of $1.50 Billion can fund 69 days of operations without new revenue. Also explore FRME shareholders equity momentum to track the company's year-over-year net asset growth rate.
Annual Defensive Interval Ratio for First Merchants Corporation (1989–2025)
The table below presents the year-by-year Defensive Interval Ratio for First Merchants Corporation from 1989 to 2025, covering 37 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 FRME company net worth.
| Year | DIR (days) | Defensive Assets (USD) | Daily Cash Need | Cash | ST Investments | Change (days) |
|---|---|---|---|---|---|---|
| 2025 | 69 days | $1.50 Billion | $21.73 Million/day | $- | $1.41 Billion | ▲ +33 days |
| 2024 | 37 days | $1.48 Billion | $40.49 Million/day | $- | $1.39 Billion | ▼ -5 days |
| 2023 | 42 days | $1.72 Billion | $41.09 Million/day | $- | $1.63 Billion | ▼ -99896 days |
| 2022 | 99938 days | $2.06 Billion | $20.63K/day | $- | $1.98 Billion | ▼ -217453 days |
| 2021 | 317391 days | $2.40 Billion | $7.57K/day | $- | $2.34 Billion | ▲ +98295 days |
| 2020 | 219096 days | $1.97 Billion | $9.01K/day | $- | $1.92 Billion | ▲ +219030 days |
| 2019 | 67 days | $1.84 Billion | $27.64 Million/day | $- | $1.79 Billion | ▼ -77053 days |
| 2018 | 77119 days | $1.18 Billion | $15.36K/day | $- | $1.14 Billion | ▼ -9317 days |
| 2017 | 86436 days | $1.04 Billion | $12.03K/day | $- | $999.95 Million | ▲ +1540 days |
| 2016 | 84897 days | $723.37 Million | $8.52K/day | $- | $696.86 Million | ▲ +4223 days |
| 2015 | 80673 days | $683.40 Million | $8.47K/day | $- | $658.40 Million | ▲ +80630 days |
| 2014 | 44 days | $570.63 Million | $13.11 Million/day | $- | $549.54 Million | ▼ -2 days |
| 2013 | 45 days | $556.42 Million | $12.35 Million/day | $- | $536.20 Million | ▼ -10 days |
| 2012 | 55 days | $532.30 Million | $9.61 Million/day | $- | $513.34 Million | ▼ -4 days |
| 2011 | 60 days | $539.77 Million | $9.02 Million/day | $- | $518.49 Million | ▼ 0 days |
| 2010 | 60 days | $558.04 Million | $9.27 Million/day | $- | $539.37 Million | ▲ +17 days |
| 2009 | 43 days | $434.43 Million | $10.05 Million/day | $- | $413.61 Million | ▲ +31 days |
| 2008 | 12 days | $129.04 Million | $10.55 Million/day | $- | $105.06 Million | ▲ +6 days |
| 2007 | 6 days | $48.33 Million | $7.81 Million/day | $- | $24.93 Million | ▲ +2 days |
| 2006 | 5 days | $35.63 Million | $7.83 Million/day | $- | $11.28 Million | ▲ +0 days |
| 2005 | 4 days | $28.44 Million | $6.54 Million/day | $- | $8.75 Million | ▲ +0 days |
| 2004 | 4 days | $26.66 Million | $6.61 Million/day | $- | $9.34 Million | ▼ -5 days |
| 2003 | 9 days | $57.40 Million | $6.48 Million/day | $- | $40.56 Million | ▼ 0 days |
| 2002 | 9 days | $52.31 Million | $5.82 Million/day | $- | $34.97 Million | ▼ -4 days |
| 2001 | 13 days | $50.18 Million | $3.91 Million/day | $- | $38.16 Million | ▲ +5 days |
| 2000 | 8 days | $28.92 Million | $3.55 Million/day | $- | $15.78 Million | ▲ +5 days |
| 1999 | 4 days | $11.30 Million | $3.16 Million/day | $- | $- | ▲ +0 days |
| 1998 | 3 days | $10.80 Million | $3.17 Million/day | $- | $- | ▼ 0 days |
| 1997 | 4 days | $9.00 Million | $2.39 Million/day | $- | $- | ▲ +0 days |
| 1996 | 4 days | $8.60 Million | $2.33 Million/day | $- | $- | ▲ +0 days |
| 1995 | 4 days | $6.20 Million | $1.71 Million/day | $- | $- | ▲ +0 days |
| 1994 | 4 days | $5.60 Million | $1.56 Million/day | $- | $- | ▼ 0 days |
| 1993 | 4 days | $5.70 Million | $1.52 Million/day | $- | $- | ▼ 0 days |
| 1992 | 4 days | $5.90 Million | $1.51 Million/day | $- | $- | ▼ -1 days |
| 1991 | 5 days | $7.00 Million | $1.46 Million/day | $- | $- | ▼ 0 days |
| 1990 | 5 days | $6.60 Million | $1.33 Million/day | $- | $- | ▼ 0 days |
| 1989 | 5 days | $6.60 Million | $1.29 Million/day | $- | $- | — |