Black Hills Corporation (BKH) — Defensive Interval Ratio
Black Hills Corporation (BKH) has a Defensive Interval Ratio of 121 days as of March 2026. Defensive assets of $406.00 Million (cash $-, short-term investments $-, receivables $406.00 Million) cover 121 days of daily cash needs of $3.34 Million/day. See working capital position of Black Hills Corporation to evaluate short-term liquidity relative to the company's equity base.
Defensive Interval Ratio
Defensive Assets
Daily Cash Need
Current Liabilities
Black Hills Corporation Defensive Interval Ratio (1994–2025)
This chart shows how Black Hills Corporation's Defensive Interval Ratio has evolved across 32 annual periods from 1994 to 2025. As of March 2026, the ratio stands at 121 days, meaning defensive assets of $406.00 Million can fund 121 days of operations without new revenue. See BKH net asset quality score to measure how much of total assets are equity-financed.
Annual Defensive Interval Ratio for Black Hills Corporation (1994–2025)
The table below presents the year-by-year Defensive Interval Ratio for Black Hills Corporation from 1994 to 2025, covering 32 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 Black Hills Corporation market capitalisation.
| Year | DIR (days) | Defensive Assets (USD) | Daily Cash Need | Cash | ST Investments | Change (days) |
|---|---|---|---|---|---|---|
| 2025 | 294 days | $595.10 Million | $2.03 Million/day | $182.80 Million | $- | ▲ +108 days |
| 2024 | 185 days | $387.10 Million | $2.09 Million/day | $16.10 Million | $- | ▲ +45 days |
| 2023 | 140 days | $455.40 Million | $3.25 Million/day | $86.60 Million | $- | ▲ +20 days |
| 2022 | 120 days | $547.23 Million | $4.57 Million/day | $21.43 Million | $- | ▼ -21 days |
| 2021 | 141 days | $348.59 Million | $2.47 Million/day | $8.92 Million | $- | ▼ -12 days |
| 2020 | 153 days | $291.76 Million | $1.91 Million/day | $6.36 Million | $- | ▲ +26 days |
| 2019 | 127 days | $282.03 Million | $2.22 Million/day | $9.78 Million | $- | ▼ -44 days |
| 2018 | 171 days | $302.91 Million | $1.78 Million/day | $20.78 Million | $- | ▲ +21 days |
| 2017 | 150 days | $266.57 Million | $1.78 Million/day | $15.42 Million | $2.82 Million | ▼ -40 days |
| 2016 | 190 days | $275.10 Million | $1.45 Million/day | $13.52 Million | $2.27 Million | ▲ +61 days |
| 2015 | 129 days | $149.55 Million | $1.16 Million/day | $- | $1.70 Million | ▲ +21 days |
| 2014 | 109 days | $194.10 Million | $1.78 Million/day | $- | $2.06 Million | ▼ -64 days |
| 2013 | 173 days | $179.03 Million | $1.04 Million/day | $- | $2.00K | ▲ +87 days |
| 2012 | 85 days | $171.61 Million | $2.01 Million/day | $- | $7.92 Million | ▲ +12 days |
| 2011 | 73 days | $175.37 Million | $2.41 Million/day | $- | $9.25 Million | ▼ -106 days |
| 2010 | 179 days | $385.38 Million | $2.16 Million/day | $- | $56.57 Million | ▲ +1 days |
| 2009 | 178 days | $314.27 Million | $1.77 Million/day | $- | $37.75 Million | ▲ +68 days |
| 2008 | 110 days | $377.67 Million | $3.43 Million/day | $- | $- | ▼ -76 days |
| 2007 | 186 days | $296.63 Million | $1.59 Million/day | $- | $5.44 Million | ▲ +3 days |
| 2006 | 183 days | $265.11 Million | $1.45 Million/day | $- | $2.00 Million | ▼ -38 days |
| 2005 | 221 days | $285.38 Million | $1.29 Million/day | $- | $- | ▼ -44 days |
| 2004 | 265 days | $259.57 Million | $980.13K/day | $- | $3.07 Million | ▲ +6 days |
| 2003 | 259 days | $203.34 Million | $784.27K/day | $- | $1.35 Million | ▲ +145 days |
| 2002 | 114 days | $210.21 Million | $1.84 Million/day | $- | $1.07 Million | ▲ +39 days |
| 2001 | 76 days | $120.81 Million | $1.60 Million/day | $- | $3.55 Million | ▼ -111 days |
| 2000 | 187 days | $301.83 Million | $1.61 Million/day | $- | $2.11 Million | ▼ -62 days |
| 1999 | 249 days | $140.00 Million | $562.74K/day | $- | $- | ▼ -71 days |
| 1998 | 320 days | $90.00 Million | $281.10K/day | $- | $- | ▲ +28 days |
| 1997 | 292 days | $43.00 Million | $147.40K/day | $- | $- | ▲ +88 days |
| 1996 | 204 days | $15.70 Million | $76.99K/day | $- | $- | ▼ -5 days |
| 1995 | 209 days | $17.10 Million | $81.92K/day | $- | $- | ▲ +121 days |
| 1994 | 88 days | $16.50 Million | $187.40K/day | $- | $- | — |