TCI Express Limited (TCIEXP) — Defensive Interval Ratio

Latest as of March 2026: 974 days

TCI Express Limited (TCIEXP) has a Defensive Interval Ratio of 974 days as of March 2026. Defensive assets of Rs3.60 Billion (cash Rs-, short-term investments Rs1.21 Billion, receivables Rs2.39 Billion) cover 974 days of daily cash needs of Rs3.70 Million/day.

Defensive Interval Ratio

974 days
Days of operational coverage

Defensive Assets

Rs3.60 Billion
Cash + ST Investments + Receivables

Daily Cash Need

Rs3.70 Million
Current Liabilities ÷ 365

Current Liabilities

Rs1.35 Billion
INR

TCI Express Limited Defensive Interval Ratio (2015–2026)

This chart shows how TCI Express Limited's Defensive Interval Ratio has evolved across 12 annual periods from 2015 to 2026. As of March 2026, the ratio stands at 974 days, meaning defensive assets of Rs3.60 Billion can fund 974 days of operations without new revenue. For the complete balance sheet picture, see TCIEXP current and non-current assets.

Annual Defensive Interval Ratio for TCI Express Limited (2015–2026)

The table below presents the year-by-year Defensive Interval Ratio for TCI Express Limited from 2015 to 2026, covering 12 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 TCI Express Limited short-term liquidity 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)
2026 974 days Rs3.60 Billion Rs3.70 Million/day Rs- Rs1.21 Billion ▼ -40 days
2025 1013 days Rs3.74 Billion Rs3.69 Million/day Rs- Rs1.48 Billion ▲ +103 days
2024 910 days Rs3.22 Billion Rs3.54 Million/day Rs- Rs900.40 Million ▲ +186 days
2023 724 days Rs2.47 Billion Rs3.40 Million/day Rs28.80 Million Rs321.60 Million ▼ -172 days
2022 896 days Rs2.77 Billion Rs3.09 Million/day Rs- Rs870.50 Million ▲ +55 days
2021 841 days Rs2.45 Billion Rs2.91 Million/day Rs- Rs750.70 Million ▲ +35 days
2020 806 days Rs1.95 Billion Rs2.41 Million/day Rs- Rs285.90 Million ▲ +103 days
2019 703 days Rs2.00 Billion Rs2.85 Million/day Rs- Rs285.90 Million ▲ +273 days
2018 430 days Rs1.54 Billion Rs3.59 Million/day Rs- Rs500.00K ▼ -65 days
2017 495 days Rs1.21 Billion Rs2.44 Million/day Rs- Rs467.00K ▼ -31 days
2016 526 days Rs1.05 Billion Rs1.99 Million/day Rs- Rs- ▲ +503 days
2015 23 days Rs431.00 Rs18.93/day Rs- Rs- —
DIR = (Cash + Short-term Investments + Net Receivables) / (Daily Cash Expenses)