Lazard Ltd (LAZ) — Defensive Interval Ratio
Lazard Ltd (LAZ) has a Defensive Interval Ratio of 476 days as of December 2025. Defensive assets of $1.06 Billion (cash $-, short-term investments $167.13 Million, receivables $897.79 Million) cover 476 days of daily cash needs of $2.24 Million/day. Check LAZ tangible net worth ratio to evaluate the tangible quality of the company's equity base.
Defensive Interval Ratio
Defensive Assets
Daily Cash Need
Current Liabilities
Lazard Ltd Defensive Interval Ratio (2005–2025)
This chart shows how Lazard Ltd's Defensive Interval Ratio has evolved across 21 annual periods from 2005 to 2025. As of December 2025, the ratio stands at 476 days, meaning defensive assets of $1.06 Billion can fund 476 days of operations without new revenue. Also explore how fast is Lazard Ltd growing its equity to track the company's year-over-year net asset growth rate.
Annual Defensive Interval Ratio for Lazard Ltd (2005–2025)
The table below presents the year-by-year Defensive Interval Ratio for Lazard Ltd from 2005 to 2025, covering 21 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 LAZ company net worth.
| Year | DIR (days) | Defensive Assets (USD) | Daily Cash Need | Cash | ST Investments | Change (days) |
|---|---|---|---|---|---|---|
| 2025 | 476 days | $1.06 Billion | $2.24 Million/day | $- | $167.13 Million | ▼ -601 days |
| 2024 | 1077 days | $2.65 Billion | $2.46 Million/day | $1.58 Billion | $268.68 Million | ▲ +284 days |
| 2023 | 793 days | $2.24 Billion | $2.83 Million/day | $1.19 Billion | $219.58 Million | ▼ -572 days |
| 2022 | 1364 days | $3.45 Billion | $2.53 Million/day | $2.01 Billion | $779.25 Million | ▼ -48 days |
| 2021 | 1413 days | $5.58 Billion | $3.95 Million/day | $3.43 Billion | $1.35 Billion | ▲ +518 days |
| 2020 | 895 days | $4.50 Billion | $5.02 Million/day | $2.57 Billion | $1.13 Billion | ▲ +62 days |
| 2019 | 833 days | $4.36 Billion | $5.23 Million/day | $2.46 Billion | $1.18 Billion | ▼ -427 days |
| 2018 | 1260 days | $3.98 Billion | $3.16 Million/day | $2.29 Billion | $1.01 Billion | ▼ -197 days |
| 2017 | 1457 days | $3.96 Billion | $2.72 Million/day | $2.45 Billion | $935.43 Million | ▼ -603 days |
| 2016 | 2060 days | $2.67 Billion | $1.29 Million/day | $1.61 Billion | $419.67 Million | ▲ +1421 days |
| 2015 | 639 days | $887.07 Million | $1.39 Million/day | $- | $389.86 Million | ▼ -250 days |
| 2014 | 889 days | $765.36 Million | $861.05K/day | $- | $207.76 Million | ▼ -115 days |
| 2013 | 1004 days | $757.55 Million | $754.61K/day | $- | $244.88 Million | ▲ +389 days |
| 2012 | 615 days | $907.93 Million | $1.48 Million/day | $- | $292.49 Million | ▲ +6 days |
| 2011 | 609 days | $919.75 Million | $1.51 Million/day | $- | $286.04 Million | ▲ +390 days |
| 2010 | 219 days | $925.24 Million | $4.23 Million/day | $- | $356.54 Million | ▲ +95 days |
| 2009 | 124 days | $528.00 Million | $4.26 Million/day | $- | $2.31 Million | ▼ -68 days |
| 2008 | 192 days | $721.43 Million | $3.77 Million/day | $- | $8.91 Million | ▼ -6 days |
| 2007 | 198 days | $1.10 Billion | $5.57 Million/day | $- | $5.24 Million | ▼ -16 days |
| 2006 | 214 days | $1.27 Billion | $5.92 Million/day | $- | $32.88 Million | ▲ +31 days |
| 2005 | 183 days | $782.93 Million | $4.27 Million/day | $- | $20.60 Million | — |