International Business Machines (IBM) — Defensive Interval Ratio
International Business Machines (IBM) has a Defensive Interval Ratio of 138 days as of March 2026. Defensive assets of $15.21 Billion (cash $-, short-term investments $964.00 Million, receivables $14.24 Billion) cover 138 days of daily cash needs of $109.87 Million/day. See International Business Machines (IBM) working capital ratio to evaluate short-term liquidity relative to the company's equity base.
Defensive Interval Ratio
Defensive Assets
Daily Cash Need
Current Liabilities
International Business Machines Defensive Interval Ratio (1985–2025)
This chart shows how International Business Machines's Defensive Interval Ratio has evolved across 41 annual periods from 1985 to 2025. As of March 2026, the ratio stands at 138 days, meaning defensive assets of $15.21 Billion can fund 138 days of operations without new revenue. See International Business Machines (IBM) balance sheet quality index to measure how much of total assets are equity-financed.
Annual Defensive Interval Ratio for International Business Machines (1985–2025)
The table below presents the year-by-year Defensive Interval Ratio for International Business Machines from 1985 to 2025, covering 41 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 International Business Machines stock valuation.
| Year | DIR (days) | Defensive Assets (USD) | Daily Cash Need | Cash | ST Investments | Change (days) |
|---|---|---|---|---|---|---|
| 2025 | 303 days | $32.06 Billion | $105.91 Million/day | $13.59 Billion | $830.00 Million | ▼ -12 days |
| 2024 | 315 days | $28.60 Billion | $90.80 Million/day | $13.95 Billion | $644.00 Million | ▲ +22 days |
| 2023 | 293 days | $27.40 Billion | $93.48 Million/day | $13.07 Billion | $373.00 Million | ▲ +111 days |
| 2022 | 182 days | $15.74 Billion | $86.32 Million/day | $7.89 Billion | $852.00 Million | ▼ -59 days |
| 2021 | 241 days | $22.23 Billion | $92.11 Million/day | $6.65 Billion | $600.00 Million | ▼ -56 days |
| 2020 | 298 days | $32.53 Billion | $109.23 Million/day | $13.19 Billion | $600.00 Million | ▼ -18 days |
| 2019 | 316 days | $32.66 Billion | $103.29 Million/day | $8.17 Billion | $696.00 Million | ▼ -90 days |
| 2018 | 406 days | $42.56 Billion | $104.73 Million/day | $11.38 Billion | $618.00 Million | ▼ -26 days |
| 2017 | 432 days | $44.21 Billion | $102.36 Million/day | $11.97 Billion | $608.00 Million | ▲ +52 days |
| 2016 | 380 days | $37.77 Billion | $99.38 Million/day | $7.83 Billion | $701.00 Million | ▲ +71 days |
| 2015 | 310 days | $29.06 Billion | $93.89 Million/day | $- | $508.00 Million | ▲ +16 days |
| 2014 | 294 days | $31.84 Billion | $108.44 Million/day | $- | $5.00 Million | ▲ +1 days |
| 2013 | 293 days | $32.19 Billion | $110.01 Million/day | $- | $350.00 Million | ▲ +31 days |
| 2012 | 262 days | $31.30 Billion | $119.52 Million/day | $- | $717.00 Million | ▲ +6 days |
| 2011 | 256 days | $29.56 Billion | $115.41 Million/day | $- | $0.00 | ▼ -7 days |
| 2010 | 263 days | $29.21 Billion | $111.13 Million/day | $- | $990.00 Million | ▼ -27 days |
| 2009 | 290 days | $28.58 Billion | $98.64 Million/day | $- | $1.79 Billion | ▲ +51 days |
| 2008 | 238 days | $27.72 Billion | $116.26 Million/day | $- | $166.00 Million | ▼ -8 days |
| 2007 | 247 days | $29.94 Billion | $121.40 Million/day | $- | $1.16 Billion | ▼ -22 days |
| 2006 | 268 days | $29.48 Billion | $109.84 Million/day | $- | $2.63 Billion | ▲ +3 days |
| 2005 | 265 days | $25.55 Billion | $96.31 Million/day | $- | $1.12 Billion | ▲ +2 days |
| 2004 | 263 days | $28.65 Billion | $109.00 Million/day | $- | $517.00 Million | ▼ -21 days |
| 2003 | 284 days | $29.28 Billion | $103.08 Million/day | $- | $357.00 Million | ▼ -11 days |
| 2002 | 295 days | $27.95 Billion | $94.66 Million/day | $- | $593.00 Million | ▲ +14 days |
| 2001 | 281 days | $27.08 Billion | $96.22 Million/day | $- | $63.00 Million | ▼ -28 days |
| 2000 | 310 days | $30.89 Billion | $99.74 Million/day | $- | $159.00 Million | ▲ +48 days |
| 1999 | 262 days | $28.41 Billion | $108.43 Million/day | $- | $788.00 Million | ▼ -7 days |
| 1998 | 269 days | $27.17 Billion | $100.90 Million/day | $- | $393.00 Million | ▲ +5 days |
| 1997 | 264 days | $24.27 Billion | $91.80 Million/day | $- | $447.00 Million | ▲ +11 days |
| 1996 | 254 days | $23.62 Billion | $93.15 Million/day | $- | $450.00 Million | ▼ -21 days |
| 1995 | 275 days | $23.84 Billion | $86.71 Million/day | $- | $442.00 Million | ▼ -27 days |
| 1994 | 302 days | $24.16 Billion | $80.07 Million/day | $- | $2.63 Billion | ▲ +88 days |
| 1993 | 214 days | $19.41 Billion | $90.82 Million/day | $- | $- | ▼ -1 days |
| 1992 | 215 days | $21.60 Billion | $100.65 Million/day | $- | $- | ▼ -62 days |
| 1991 | 277 days | $25.52 Billion | $92.12 Million/day | $- | $- | ▼ -50 days |
| 1990 | 327 days | $22.64 Billion | $69.25 Million/day | $- | $- | ▼ -12 days |
| 1989 | 339 days | $20.16 Billion | $59.45 Million/day | $- | $- | ▼ -41 days |
| 1988 | 380 days | $18.10 Billion | $47.64 Million/day | $- | $- | ▲ +2 days |
| 1987 | 378 days | $13.85 Billion | $36.65 Million/day | $- | $- | ▲ +68 days |
| 1986 | 310 days | $10.82 Billion | $34.91 Million/day | $- | $- | ▼ -27 days |
| 1985 | 337 days | $10.57 Billion | $31.32 Million/day | $- | $- | — |