Morningstar Inc (MORN) — Defensive Interval Ratio
Morningstar Inc (MORN) has a Defensive Interval Ratio of 162 days as of March 2026. Defensive assets of $457.40 Million (cash $-, short-term investments $39.40 Million, receivables $418.00 Million) cover 162 days of daily cash needs of $2.82 Million/day.
Defensive Interval Ratio
Defensive Assets
Daily Cash Need
Current Liabilities
Morningstar Inc Defensive Interval Ratio (2002–2025)
This chart shows how Morningstar Inc's Defensive Interval Ratio has evolved across 24 annual periods from 2002 to 2025. As of March 2026, the ratio stands at 162 days, meaning defensive assets of $457.40 Million can fund 162 days of operations without new revenue. For the complete balance sheet picture, see balance sheet size of Morningstar Inc.
Annual Defensive Interval Ratio for Morningstar Inc (2002–2025)
The table below presents the year-by-year Defensive Interval Ratio for Morningstar Inc from 2002 to 2025, covering 24 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 MORN working capital ratio 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 | 160 days | $460.80 Million | $2.89 Million/day | $- | $54.20 Million | ▲ +2 days |
| 2024 | 158 days | $418.80 Million | $2.65 Million/day | $- | $48.30 Million | ▼ -6 days |
| 2023 | 164 days | $395.60 Million | $2.41 Million/day | $- | $51.10 Million | ▲ +21 days |
| 2022 | 143 days | $345.90 Million | $2.42 Million/day | $- | $38.00 Million | ▼ -15 days |
| 2021 | 158 days | $340.10 Million | $2.15 Million/day | $- | $62.30 Million | ▲ +13 days |
| 2020 | 145 days | $249.00 Million | $1.72 Million/day | $- | $41.70 Million | ▼ -23 days |
| 2019 | 168 days | $228.20 Million | $1.36 Million/day | $- | $33.40 Million | ▼ -34 days |
| 2018 | 202 days | $200.60 Million | $993.97K/day | $- | $26.60 Million | ▼ -16 days |
| 2017 | 218 days | $193.30 Million | $885.48K/day | $- | $45.10 Million | ▼ -18 days |
| 2016 | 236 days | $190.70 Million | $807.95K/day | $- | $44.90 Million | ▲ +19 days |
| 2015 | 217 days | $180.80 Million | $833.97K/day | $- | $41.50 Million | ▼ -2 days |
| 2014 | 219 days | $176.10 Million | $804.82K/day | $- | $39.40 Million | ▼ -105 days |
| 2013 | 324 days | $248.48 Million | $767.92K/day | $- | $130.41 Million | ▼ -82 days |
| 2012 | 406 days | $286.16 Million | $705.11K/day | $- | $157.53 Million | ▼ -121 days |
| 2011 | 527 days | $390.51 Million | $741.46K/day | $- | $269.75 Million | ▲ +84 days |
| 2010 | 443 days | $306.59 Million | $692.39K/day | $- | $185.24 Million | ▼ -86 days |
| 2009 | 529 days | $299.93 Million | $566.79K/day | $- | $212.06 Million | ▲ +181 days |
| 2008 | 348 days | $222.42 Million | $639.56K/day | $- | $123.69 Million | ▲ +21 days |
| 2007 | 326 days | $194.82 Million | $596.82K/day | $- | $99.01 Million | ▲ +37 days |
| 2006 | 289 days | $132.79 Million | $458.80K/day | $- | $67.61 Million | ▼ -52 days |
| 2005 | 341 days | $108.35 Million | $317.37K/day | $- | $60.82 Million | ▲ +55 days |
| 2004 | 286 days | $93.22 Million | $325.62K/day | $- | $59.56 Million | ▲ +139 days |
| 2003 | 147 days | $44.82 Million | $305.07K/day | $- | $22.65 Million | ▼ -29 days |
| 2002 | 176 days | $40.28 Million | $228.51K/day | $- | $20.46 Million | — |