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. Check First Merchants Corporation Depository S (FRMEP) tangible equity 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 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. Also explore how fast is First Merchants Corporation Depository S growing its equity to track the company's year-over-year net asset growth rate.
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 First Merchants Corporation Depository S stock valuation.
| 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 | $- | $- | — |