TPI Composites Inc (TPIC) — Defensive Interval Ratio
TPI Composites Inc (TPIC) has a Defensive Interval Ratio of 57 days as of June 2025. Defensive assets of $152.78 Million (cash $-, short-term investments $-, receivables $152.78 Million) cover 57 days of daily cash needs of $2.69 Million/day.
Defensive Interval Ratio
Defensive Assets
Daily Cash Need
Current Liabilities
TPI Composites Inc Defensive Interval Ratio (2012–2024)
This chart shows how TPI Composites Inc's Defensive Interval Ratio has evolved across 13 annual periods from 2012 to 2024. As of June 2025, the ratio stands at 57 days, meaning defensive assets of $152.78 Million can fund 57 days of operations without new revenue. For the complete balance sheet picture, see TPI Composites Inc balance sheet assets.
Annual Defensive Interval Ratio for TPI Composites Inc (2012–2024)
The table below presents the year-by-year Defensive Interval Ratio for TPI Composites Inc from 2012 to 2024, covering 13 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 TPIC 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) |
|---|---|---|---|---|---|---|
| 2024 | 152 days | $197.31 Million | $1.30 Million/day | $- | $581.00K | ▼ -117 days |
| 2023 | 269 days | $284.55 Million | $1.06 Million/day | $- | $597.00K | ▼ -72 days |
| 2022 | 341 days | $426.67 Million | $1.25 Million/day | $- | $586.00K | ▲ +81 days |
| 2021 | 260 days | $334.45 Million | $1.29 Million/day | $- | $1.24 Million | ▼ -74 days |
| 2020 | 334 days | $371.45 Million | $1.11 Million/day | $- | $2.79 Million | ▼ -36 days |
| 2019 | 370 days | $379.36 Million | $1.02 Million/day | $- | $6.14 Million | ▼ -28 days |
| 2018 | 399 days | $295.03 Million | $739.85K/day | $- | $5.66 Million | ▲ +124 days |
| 2017 | 275 days | $243.29 Million | $883.82K/day | $- | $4.58 Million | ▲ +150 days |
| 2016 | 125 days | $81.21 Million | $648.09K/day | $- | $8.13 Million | ▼ -8 days |
| 2015 | 133 days | $88.11 Million | $660.81K/day | $- | $3.14 Million | ▲ +27 days |
| 2014 | 106 days | $60.99 Million | $574.59K/day | $- | $5.50 Million | ▲ +44 days |
| 2013 | 62 days | $17.68 Million | $285.21K/day | $- | $3.13 Million | ▼ -10 days |
| 2012 | 72 days | $13.30 Million | $183.56K/day | $- | $2.10 Million | — |