First Merchants Corporation Depository Shares (FRMEP) — Defensive Interval Ratio
First Merchants Corporation Depository Shares (FRMEP) has a Defensive Interval Ratio of 73 days as of June 2026. Defensive assets of $3.39 Billion (cash $-, short-term investments $3.29 Billion, receivables $101.93 Million) cover 73 days of daily cash needs of $46.23 Million/day.
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 June 2026, the ratio stands at 73 days, meaning defensive assets of $3.39 Billion can fund 73 days of operations without new revenue. For the complete balance sheet picture, see First Merchants Corporation Depository S asset portfolio.
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. See working capital to net assets of First Merchants Corporation Depository S to evaluate short-term liquidity relative to the company's equity base.
| 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 | $- | $- | — |