ICRA Limited (ICRA) — Defensive Interval Ratio
ICRA Limited (ICRA) has a Defensive Interval Ratio of 2055 days as of September 2025. Defensive assets of Rs11.63 Billion (cash Rs1.88 Billion, short-term investments Rs9.09 Billion, receivables Rs670.94 Million) cover 2055 days of daily cash needs of Rs5.66 Million/day. Check ICRA Limited (ICRA) tangible equity ratio to evaluate the tangible quality of the company's equity base.
Defensive Interval Ratio
Defensive Assets
Daily Cash Need
Current Liabilities
ICRA Limited Defensive Interval Ratio (2002–2025)
This chart shows how ICRA Limited's Defensive Interval Ratio has evolved across 24 annual periods from 2002 to 2025. As of September 2025, the ratio stands at 2055 days, meaning defensive assets of Rs11.63 Billion can fund 2055 days of operations without new revenue. Also explore ICRA net assets growth trend to track the company's year-over-year net asset growth rate.
Annual Defensive Interval Ratio for ICRA Limited (2002–2025)
The table below presents the year-by-year Defensive Interval Ratio for ICRA Limited 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. For live market cap and the full company financial profile, see ICRA market cap overview.
| Year | DIR (days) | Defensive Assets (INR) | Daily Cash Need | Cash | ST Investments | Change (days) |
|---|---|---|---|---|---|---|
| 2025 | 2203 days | Rs10.69 Billion | Rs4.85 Million/day | Rs0.00 | Rs10.16 Billion | ▲ +708 days |
| 2024 | 1495 days | Rs6.22 Billion | Rs4.16 Million/day | Rs20.15 Million | Rs5.65 Billion | ▲ +1 days |
| 2023 | 1494 days | Rs5.39 Billion | Rs3.61 Million/day | Rs20.16 Million | Rs4.96 Billion | ▲ +228 days |
| 2022 | 1266 days | Rs4.01 Billion | Rs3.16 Million/day | Rs62.33 Million | Rs3.48 Billion | ▼ -191 days |
| 2021 | 1457 days | Rs4.64 Billion | Rs3.18 Million/day | Rs117.44 Million | Rs3.88 Billion | ▼ -726 days |
| 2020 | 2183 days | Rs6.88 Billion | Rs3.15 Million/day | Rs2.34 Million | Rs5.89 Billion | ▲ +1737 days |
| 2019 | 447 days | Rs1.47 Billion | Rs3.30 Million/day | Rs27.44 Million | Rs774.78 Million | ▼ -115 days |
| 2018 | 562 days | Rs1.64 Billion | Rs2.93 Million/day | Rs14.19 Million | Rs990.28 Million | ▼ -808 days |
| 2017 | 1369 days | Rs3.94 Billion | Rs2.88 Million/day | Rs20.49 Million | Rs3.41 Billion | ▲ +617 days |
| 2016 | 752 days | Rs2.82 Billion | Rs3.75 Million/day | Rs- | Rs2.17 Billion | ▲ +28 days |
| 2015 | 724 days | Rs2.57 Billion | Rs3.55 Million/day | Rs- | Rs1.94 Billion | ▼ -305 days |
| 2014 | 1029 days | Rs2.80 Billion | Rs2.72 Million/day | Rs- | Rs2.32 Billion | ▲ +595 days |
| 2013 | 434 days | Rs1.05 Billion | Rs2.42 Million/day | Rs- | Rs365.86 Million | ▼ -15 days |
| 2012 | 449 days | Rs923.12 Million | Rs2.05 Million/day | Rs- | Rs440.50 Million | ▲ +235 days |
| 2011 | 214 days | Rs409.48 Million | Rs1.91 Million/day | Rs- | Rs85.11 Million | ▼ -252 days |
| 2010 | 466 days | Rs1.31 Billion | Rs2.82 Million/day | Rs- | Rs598.62 Million | ▼ -40 days |
| 2009 | 506 days | Rs1.18 Billion | Rs2.33 Million/day | Rs- | Rs574.07 Million | ▼ -237 days |
| 2008 | 743 days | Rs1.06 Billion | Rs1.43 Million/day | Rs- | Rs494.89 Million | ▲ +730 days |
| 2007 | 12 days | Rs956.59 Million | Rs77.95 Million/day | Rs- | Rs415.94 Million | ▼ -596 days |
| 2006 | 608 days | Rs307.50 Million | Rs505.36K/day | Rs- | Rs89.02 Million | ▲ +205 days |
| 2005 | 403 days | Rs156.12 Million | Rs387.32K/day | Rs- | Rs- | ▲ +240 days |
| 2004 | 163 days | Rs70.67 Million | Rs432.85K/day | Rs- | Rs- | ▼ -17 days |
| 2003 | 180 days | Rs57.09 Million | Rs317.07K/day | Rs- | Rs- | ▲ +12 days |
| 2002 | 168 days | Rs44.74 Million | Rs265.89K/day | Rs- | Rs- | — |