National Fuel Gas Company (NFG) — Defensive Interval Ratio
National Fuel Gas Company (NFG) has a Defensive Interval Ratio of 130 days as of March 2026. Defensive assets of $292.55 Million (cash $-, short-term investments $-, receivables $292.55 Million) cover 130 days of daily cash needs of $2.25 Million/day. See how liquid is National Fuel Gas Company's working capital to evaluate short-term liquidity relative to the company's equity base.
Defensive Interval Ratio
Defensive Assets
Daily Cash Need
Current Liabilities
National Fuel Gas Company Defensive Interval Ratio (1994–2025)
This chart shows how National Fuel Gas Company's Defensive Interval Ratio has evolved across 32 annual periods from 1994 to 2025. As of March 2026, the ratio stands at 130 days, meaning defensive assets of $292.55 Million can fund 130 days of operations without new revenue. See National Fuel Gas Company balance sheet independence to measure how much of total assets are equity-financed.
Annual Defensive Interval Ratio for National Fuel Gas Company (1994–2025)
The table below presents the year-by-year Defensive Interval Ratio for National Fuel Gas Company 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 National Fuel Gas Company (NFG) market capitalisation.
| Year | DIR (days) | Defensive Assets (USD) | Daily Cash Need | Cash | ST Investments | Change (days) |
|---|---|---|---|---|---|---|
| 2025 | 106 days | $269.11 Million | $2.54 Million/day | $43.17 Million | $- | ▲ +63 days |
| 2024 | 43 days | $128.56 Million | $3.00 Million/day | $38.22 Million | $-87.91 Million | ▼ -102 days |
| 2023 | 145 days | $319.83 Million | $2.21 Million/day | $55.45 Million | $42.24 Million | ▲ +50 days |
| 2022 | 95 days | $504.05 Million | $5.32 Million/day | $46.05 Million | $46.05 Million | ▲ +6 days |
| 2021 | 89 days | $301.64 Million | $3.39 Million/day | $31.53 Million | $31.53 Million | ▼ -58 days |
| 2020 | 147 days | $185.25 Million | $1.26 Million/day | $20.54 Million | $- | ▼ -52 days |
| 2019 | 199 days | $230.11 Million | $1.16 Million/day | $20.43 Million | $- | ▼ -129 days |
| 2018 | 328 days | $395.29 Million | $1.21 Million/day | $229.61 Million | $0.00 | ▼ -68 days |
| 2017 | 396 days | $700.49 Million | $1.77 Million/day | $555.53 Million | $0.00 | ▲ +57 days |
| 2016 | 338 days | $281.56 Million | $832.16K/day | $129.97 Million | $0.00 | ▲ +235 days |
| 2015 | 103 days | $125.75 Million | $1.22 Million/day | $- | $0.00 | ▼ -34 days |
| 2014 | 137 days | $183.61 Million | $1.34 Million/day | $- | $0.00 | ▼ -53 days |
| 2013 | 190 days | $157.06 Million | $827.87K/day | $- | $0.00 | ▲ +121 days |
| 2012 | 68 days | $137.80 Million | $2.01 Million/day | $- | $0.00 | ▼ -45 days |
| 2011 | 114 days | $164.77 Million | $1.45 Million/day | $- | $0.00 | ▼ -57 days |
| 2010 | 170 days | $244.73 Million | $1.44 Million/day | $- | $2.00 Million | ▲ +35 days |
| 2009 | 136 days | $118.53 Million | $872.62K/day | $- | $-44.82 Million | ▼ -53 days |
| 2008 | 189 days | $193.48 Million | $1.03 Million/day | $- | $-16.28 Million | ▼ -50 days |
| 2007 | 238 days | $286.65 Million | $1.20 Million/day | $- | $61.96 Million | ▲ +5 days |
| 2006 | 233 days | $204.18 Million | $876.06K/day | $- | $-22.89 Million | ▲ +110 days |
| 2005 | 123 days | $155.06 Million | $1.26 Million/day | $- | $- | ▼ -2 days |
| 2004 | 125 days | $155.93 Million | $1.25 Million/day | $- | $- | ▲ +21 days |
| 2003 | 104 days | $157.10 Million | $1.51 Million/day | $- | $- | ▲ +41 days |
| 2002 | 63 days | $117.43 Million | $1.86 Million/day | $- | $- | ▼ -3 days |
| 2001 | 66 days | $157.10 Million | $2.37 Million/day | $- | $- | ▼ -1 days |
| 2000 | 67 days | $148.74 Million | $2.22 Million/day | $- | $- | ▲ +1 days |
| 1999 | 67 days | $116.48 Million | $1.75 Million/day | $- | $-22.00K | ▲ +15 days |
| 1998 | 52 days | $97.70 Million | $1.89 Million/day | $- | $- | ▼ -76 days |
| 1997 | 128 days | $127.80 Million | $997.81K/day | $- | $- | ▲ +6 days |
| 1996 | 122 days | $117.50 Million | $962.74K/day | $- | $- | ▲ +34 days |
| 1995 | 88 days | $96.70 Million | $1.10 Million/day | $- | $- | ▼ -22 days |
| 1994 | 110 days | $112.80 Million | $1.03 Million/day | $- | $- | — |