Larsen & Toubro Limited (LT) — Defensive Interval Ratio
Larsen & Toubro Limited (LT) has a Defensive Interval Ratio of 842 days as of December 2025. Defensive assets of Rs69.49 Billion (cash Rs14.28 Billion, short-term investments Rs17.21 Billion, receivables Rs38.00 Billion) cover 842 days of daily cash needs of Rs82.50 Million/day. Check LT goodwill-adjusted equity ratio to evaluate the tangible quality of the company's equity base.
Defensive Interval Ratio
Defensive Assets
Daily Cash Need
Current Liabilities
Larsen & Toubro Limited Defensive Interval Ratio (2002–2025)
This chart shows how Larsen & Toubro Limited's Defensive Interval Ratio has evolved across 24 annual periods from 2002 to 2025. As of December 2025, the ratio stands at 842 days, meaning defensive assets of Rs69.49 Billion can fund 842 days of operations without new revenue. Also explore how fast is Larsen & Toubro Limited growing its equity to track the company's year-over-year net asset growth rate.
Annual Defensive Interval Ratio for Larsen & Toubro Limited (2002–2025)
The table below presents the year-by-year Defensive Interval Ratio for Larsen & Toubro 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 LT stock market capitalisation.
| Year | DIR (days) | Defensive Assets (INR) | Daily Cash Need | Cash | ST Investments | Change (days) |
|---|---|---|---|---|---|---|
| 2025 | 251 days | Rs1.39 Trillion | Rs5.53 Billion/day | Rs4.07 Billion | Rs482.47 Billion | ▼ -155 days |
| 2024 | 406 days | Rs1.96 Trillion | Rs4.84 Billion/day | Rs3.45 Billion | Rs366.74 Billion | ▼ -27 days |
| 2023 | 433 days | Rs1.92 Trillion | Rs4.44 Billion/day | Rs6.90 Billion | Rs375.11 Billion | ▲ +11 days |
| 2022 | 422 days | Rs1.84 Trillion | Rs4.37 Billion/day | Rs518.00 Million | Rs322.55 Billion | ▲ +97 days |
| 2021 | 325 days | Rs1.22 Trillion | Rs3.76 Billion/day | Rs191.00 Million | Rs316.28 Billion | ▲ +55 days |
| 2020 | 270 days | Rs1.07 Trillion | Rs3.97 Billion/day | Rs37.00 Million | Rs145.76 Billion | ▲ +4 days |
| 2019 | 266 days | Rs981.73 Billion | Rs3.69 Billion/day | Rs601.00 Million | Rs147.92 Billion | ▼ -22 days |
| 2018 | 288 days | Rs862.58 Billion | Rs2.99 Billion/day | Rs129.00 Million | Rs103.64 Billion | ▼ -31 days |
| 2017 | 319 days | Rs782.22 Billion | Rs2.45 Billion/day | Rs164.00 Million | Rs153.57 Billion | ▲ +36 days |
| 2016 | 283 days | Rs693.29 Billion | Rs2.45 Billion/day | Rs- | Rs86.03 Billion | ▼ -106 days |
| 2015 | 390 days | Rs829.40 Billion | Rs2.13 Billion/day | Rs- | Rs87.60 Billion | ▲ +86 days |
| 2014 | 303 days | Rs571.05 Billion | Rs1.88 Billion/day | Rs- | Rs69.97 Billion | ▼ -154 days |
| 2013 | 458 days | Rs675.33 Billion | Rs1.48 Billion/day | Rs- | Rs85.07 Billion | ▲ +403 days |
| 2012 | 54 days | Rs68.46 Billion | Rs1.26 Billion/day | Rs- | Rs72.25 Billion | ▼ -336 days |
| 2011 | 390 days | Rs325.80 Billion | Rs834.64 Million/day | Rs- | Rs- | ▲ +7 days |
| 2010 | 383 days | Rs249.59 Billion | Rs651.20 Million/day | Rs- | Rs- | ▲ +7 days |
| 2009 | 376 days | Rs214.76 Billion | Rs571.38 Million/day | Rs- | Rs-800.00K | ▲ +150 days |
| 2008 | 226 days | Rs129.79 Billion | Rs574.54 Million/day | Rs- | Rs-800.00K | ▼ -95 days |
| 2007 | 321 days | Rs112.92 Billion | Rs352.15 Million/day | Rs- | Rs-2.70 Million | ▼ -76 days |
| 2006 | 397 days | Rs82.79 Billion | Rs208.65 Million/day | Rs- | Rs-38.80 Million | ▲ +3 days |
| 2005 | 394 days | Rs65.19 Billion | Rs165.63 Million/day | Rs- | Rs-40.10 Million | ▼ -28 days |
| 2004 | 422 days | Rs53.37 Billion | Rs126.45 Million/day | Rs- | Rs- | ▲ +433 days |
| 2003 | -11 days | Rs-1.18 Billion | Rs105.74 Million/day | Rs- | Rs- | ▼ -338 days |
| 2002 | 326 days | Rs26.60 Billion | Rs81.48 Million/day | Rs- | Rs- | — |