Future Retail Limited (FRETAIL) — Defensive Interval Ratio

Latest as of September 2021: 17 days

Future Retail Limited (FRETAIL) has a Defensive Interval Ratio of 17 days as of September 2021. Defensive assets of Rs6.41 Billion (cash Rs-, short-term investments Rs2.16 Billion, receivables Rs4.24 Billion) cover 17 days of daily cash needs of Rs387.47 Million/day.

Defensive Interval Ratio

17 days
Days of operational coverage

Defensive Assets

Rs6.41 Billion
Cash + ST Investments + Receivables

Daily Cash Need

Rs387.47 Million
Current Liabilities ÷ 365

Current Liabilities

Rs141.43 Billion
INR

Future Retail Limited Defensive Interval Ratio (2013–2021)

This chart shows how Future Retail Limited's Defensive Interval Ratio has evolved across 8 annual periods from 2013 to 2021. As of September 2021, the ratio stands at 17 days, meaning defensive assets of Rs6.41 Billion can fund 17 days of operations without new revenue. For the complete balance sheet picture, see FRETAIL current and non-current assets.

Annual Defensive Interval Ratio for Future Retail Limited (2013–2021)

The table below presents the year-by-year Defensive Interval Ratio for Future Retail Limited from 2013 to 2021, covering 8 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 FRETAIL net working capital ratio to evaluate short-term liquidity relative to the company's equity base.

Year DIR (days) Defensive Assets (INR) Daily Cash Need Cash ST Investments Change (days)
2021 14 days Rs4.72 Billion Rs341.26 Million/day Rs- Rs613.70 Million ▼ -11 days
2020 25 days Rs7.47 Billion Rs300.75 Million/day Rs- Rs513.70 Million ▼ -1 days
2019 26 days Rs4.31 Billion Rs168.73 Million/day Rs- Rs1.08 Billion ▼ -2 days
2018 27 days Rs3.53 Billion Rs128.88 Million/day Rs- Rs829.00 Million ▲ +6 days
2017 21 days Rs2.43 Billion Rs114.89 Million/day Rs- Rs146.20 Million ▲ +7 days
2016 14 days Rs1.32 Billion Rs97.13 Million/day Rs0.00 Rs176.20 Million ▲ +10 days
2015 4 days Rs62.20 Million Rs15.69 Million/day Rs- Rs1.00 Million ▼ -8 days
2013 12 days Rs345.90 Million Rs28.14 Million/day Rs- Rs- —
DIR = (Cash + Short-term Investments + Net Receivables) / (Daily Cash Expenses)