Morgan Stanley (MS) — Defensive Interval Ratio
Morgan Stanley (MS) has a Defensive Interval Ratio of 361 days as of March 2026. Defensive assets of $658.81 Billion (cash $-, short-term investments $526.21 Billion, receivables $132.60 Billion) cover 361 days of daily cash needs of $1.83 Billion/day. See Morgan Stanley (MS) 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
Morgan Stanley Defensive Interval Ratio (1989–2025)
This chart shows how Morgan Stanley's Defensive Interval Ratio has evolved across 37 annual periods from 1989 to 2025. As of March 2026, the ratio stands at 361 days, meaning defensive assets of $658.81 Billion can fund 361 days of operations without new revenue. See MS net asset quality index to measure how much of total assets are equity-financed.
Annual Defensive Interval Ratio for Morgan Stanley (1989–2025)
The table below presents the year-by-year Defensive Interval Ratio for Morgan Stanley from 1989 to 2025, covering 37 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 Morgan Stanley market cap and net worth.
| Year | DIR (days) | Defensive Assets (USD) | Daily Cash Need | Cash | ST Investments | Change (days) |
|---|---|---|---|---|---|---|
| 2025 | 424 days | $650.23 Billion | $1.53 Billion/day | $107.23 Billion | $428.28 Billion | ▲ +171 days |
| 2024 | 253 days | $512.95 Billion | $2.03 Billion/day | $100.95 Billion | $325.85 Billion | ▼ -23 days |
| 2023 | 276 days | $565.24 Billion | $2.05 Billion/day | $81.91 Billion | $403.23 Billion | ▼ -2 days |
| 2022 | 278 days | $576.37 Billion | $2.07 Billion/day | $122.72 Billion | $375.11 Billion | ▼ -19 days |
| 2021 | 297 days | $628.86 Billion | $2.12 Billion/day | $119.33 Billion | $413.51 Billion | ▼ -9 days |
| 2020 | 306 days | $600.38 Billion | $1.96 Billion/day | $95.86 Billion | $406.78 Billion | ▲ +31 days |
| 2019 | 275 days | $420.18 Billion | $1.53 Billion/day | $45.37 Billion | $319.17 Billion | ▲ +9 days |
| 2018 | 267 days | $380.04 Billion | $1.43 Billion/day | $21.30 Billion | $305.44 Billion | ▲ +22 days |
| 2017 | 245 days | $345.54 Billion | $1.41 Billion/day | $21.35 Billion | $268.01 Billion | ▲ +11 days |
| 2016 | 233 days | $321.19 Billion | $1.38 Billion/day | $- | $274.73 Billion | ▼ -3 days |
| 2015 | 236 days | $311.70 Billion | $1.32 Billion/day | $- | $266.29 Billion | ▼ -28 days |
| 2014 | 264 days | $329.96 Billion | $1.25 Billion/day | $- | $281.00 Billion | ▲ +1 days |
| 2013 | 264 days | $355.50 Billion | $1.35 Billion/day | $- | $298.40 Billion | ▼ -52 days |
| 2012 | 315 days | $362.65 Billion | $1.15 Billion/day | $- | $291.03 Billion | ▲ +98 days |
| 2011 | 218 days | $219.02 Billion | $1.01 Billion/day | $- | $170.35 Billion | ▲ +21 days |
| 2010 | 197 days | $238.83 Billion | $1.21 Billion/day | $- | $184.68 Billion | ▲ +37 days |
| 2009 | 160 days | $193.01 Billion | $1.20 Billion/day | $- | $148.54 Billion | ▼ -25 days |
| 2008 | 185 days | $167.61 Billion | $905.18 Million/day | $- | $124.83 Billion | ▲ +19 days |
| 2007 | 166 days | $230.67 Billion | $1.39 Billion/day | $- | $129.98 Billion | ▼ -4 days |
| 2006 | 170 days | $278.31 Billion | $1.64 Billion/day | $- | $178.82 Billion | ▼ -1 days |
| 2005 | 171 days | $239.09 Billion | $1.40 Billion/day | $- | $176.94 Billion | ▲ +65 days |
| 2004 | 107 days | $141.55 Billion | $1.33 Billion/day | $- | $123.04 Billion | ▲ +46 days |
| 2003 | 60 days | $34.05 Billion | $564.15 Million/day | $- | $24.13 Billion | ▲ +17 days |
| 2002 | 44 days | $39.62 Billion | $905.56 Million/day | $- | $32.47 Billion | ▼ -11 days |
| 2001 | 55 days | $37.44 Billion | $677.87 Million/day | $- | $25.70 Billion | ▼ -4 days |
| 2000 | 59 days | $34.03 Billion | $578.52 Million/day | $- | $27.33 Billion | ▲ +2 days |
| 1999 | 56 days | $33.27 Billion | $589.20 Million/day | $- | $25.65 Billion | ▲ +4 days |
| 1998 | 53 days | $26.58 Billion | $503.16 Million/day | $- | $- | ▼ -8 days |
| 1997 | 61 days | $30.23 Billion | $496.13 Million/day | $- | $- | ▼ -3594 days |
| 1996 | 3655 days | $161.26 Billion | $44.12 Million/day | $- | $157.62 Billion | ▲ +3530 days |
| 1995 | 126 days | $6.00 Billion | $47.82 Million/day | $- | $- | ▼ -65 days |
| 1994 | 191 days | $5.99 Billion | $31.43 Million/day | $- | $- | ▼ -4 days |
| 1993 | 194 days | $5.69 Billion | $29.29 Million/day | $- | $- | ▼ -238 days |
| 1992 | 432 days | $74.83 Billion | $173.07 Million/day | $- | $71.13 Billion | ▲ +3 days |
| 1991 | 430 days | $58.27 Billion | $135.65 Million/day | $- | $55.89 Billion | ▲ +8 days |
| 1990 | 421 days | $49.88 Billion | $118.47 Million/day | $- | $47.89 Billion | ▲ +24 days |
| 1989 | 397 days | $49.83 Billion | $125.51 Million/day | $- | $48.03 Billion | — |