First Merchants Corporation Depository Shares (FRMEP) — Defensive Interval Ratio
First Merchants Corporation Depository Shares (FRMEP) has a Defensive Interval Ratio of 2067 days as of March 2026. Defensive assets of $1.47 Billion (cash $-, short-term investments $1.37 Billion, receivables $97.03 Million) cover 2067 days of daily cash needs of $710.84K/day. See First Merchants Corporation Depository S short-term liquidity ratio to evaluate short-term liquidity relative to the company's equity base.
Defensive Interval Ratio
Defensive Assets
Daily Cash Need
Current Liabilities
First Merchants Corporation Depository Shares Defensive Interval Ratio (1989–2025)
This chart shows how First Merchants Corporation Depository Shares's Defensive Interval Ratio has evolved across 37 annual periods from 1989 to 2025. As of March 2026, the ratio stands at 2067 days, meaning defensive assets of $1.47 Billion can fund 2067 days of operations without new revenue. See FRMEP equity financing ratio to measure how much of total assets are equity-financed.
Annual Defensive Interval Ratio for First Merchants Corporation Depository Shares (1989–2025)
The table below presents the year-by-year Defensive Interval Ratio for First Merchants Corporation Depository Shares 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 how much is First Merchants Corporation Depository S 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 | ▼ -9 days |
| 2022 | 51 days | $2.06 Billion | $40.35 Million/day | $- | $1.98 Billion | ▼ -17 days |
| 2021 | 68 days | $2.40 Billion | $35.39 Million/day | $- | $2.34 Billion | ▲ +5 days |
| 2020 | 62 days | $1.97 Billion | $31.62 Million/day | $- | $1.92 Billion | ▼ -4 days |
| 2019 | 67 days | $1.84 Billion | $27.64 Million/day | $- | $1.79 Billion | ▲ +12 days |
| 2018 | 54 days | $1.18 Billion | $21.86 Million/day | $- | $1.14 Billion | ▲ +3 days |
| 2017 | 51 days | $1.04 Billion | $20.43 Million/day | $- | $999.95 Million | ▲ +6 days |
| 2016 | 45 days | $723.37 Million | $15.96 Million/day | $- | $696.86 Million | ▼ 0 days |
| 2015 | 45 days | $683.40 Million | $15.06 Million/day | $- | $658.40 Million | ▲ +2 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 | ▲ +41 days |
| 2008 | 2 days | $23.98 Million | $10.55 Million/day | $- | $- | ▼ -1 days |
| 2007 | 3 days | $23.40 Million | $7.81 Million/day | $- | $- | ▼ 0 days |
| 2006 | 3 days | $24.34 Million | $7.83 Million/day | $- | $- | ▲ +0 days |
| 2005 | 3 days | $19.69 Million | $6.54 Million/day | $- | $- | ▲ +0 days |
| 2004 | 3 days | $17.32 Million | $6.61 Million/day | $- | $- | ▲ +0 days |
| 2003 | 3 days | $16.84 Million | $6.48 Million/day | $- | $- | ▼ 0 days |
| 2002 | 3 days | $17.35 Million | $5.82 Million/day | $- | $- | ▼ 0 days |
| 2001 | 3 days | $12.02 Million | $3.91 Million/day | $- | $- | ▼ -1 days |
| 2000 | 4 days | $13.13 Million | $3.55 Million/day | $- | $- | ▲ +0 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 | $- | $- | — |