HP Adhesives Limited (HPAL) — Defensive Interval Ratio
HP Adhesives Limited (HPAL) has a Defensive Interval Ratio of 722 days as of September 2025. Defensive assets of Rs814.77 Million (cash Rs-, short-term investments Rs386.90 Million, receivables Rs427.88 Million) cover 722 days of daily cash needs of Rs1.13 Million/day. See HP Adhesives Limited current assets vs equity to evaluate short-term liquidity relative to the company's equity base.
Defensive Interval Ratio
Defensive Assets
Daily Cash Need
Current Liabilities
HP Adhesives Limited Defensive Interval Ratio (2019–2025)
This chart shows how HP Adhesives Limited's Defensive Interval Ratio has evolved across 7 annual periods from 2019 to 2025. As of September 2025, the ratio stands at 722 days, meaning defensive assets of Rs814.77 Million can fund 722 days of operations without new revenue. See HP Adhesives Limited balance sheet independence to measure how much of total assets are equity-financed.
Annual Defensive Interval Ratio for HP Adhesives Limited (2019–2025)
The table below presents the year-by-year Defensive Interval Ratio for HP Adhesives Limited from 2019 to 2025, covering 7 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 HPAL market cap.
| Year | DIR (days) | Defensive Assets (INR) | Daily Cash Need | Cash | ST Investments | Change (days) |
|---|---|---|---|---|---|---|
| 2025 | 595 days | Rs674.09 Million | Rs1.13 Million/day | Rs- | Rs246.48 Million | ▼ -310 days |
| 2024 | 905 days | Rs659.60 Million | Rs728.84K/day | Rs- | Rs294.80 Million | ▲ +423 days |
| 2023 | 482 days | Rs398.12 Million | Rs826.00K/day | Rs- | Rs25.57 Million | ▲ +177 days |
| 2022 | 305 days | Rs409.31 Million | Rs1.34 Million/day | Rs- | Rs88.79 Million | ▲ +179 days |
| 2021 | 126 days | Rs232.68 Million | Rs1.84 Million/day | Rs- | Rs4.01 Million | ▲ +123 days |
| 2020 | 3 days | Rs4.20 Million | Rs1.42 Million/day | Rs- | Rs4.20 Million | ▼ -212 days |
| 2019 | 215 days | Rs237.50 Million | Rs1.11 Million/day | Rs- | Rs4.20 Million | — |