Novartis AG ADR (NVS) — Defensive Interval Ratio
Novartis AG ADR (NVS) has a Defensive Interval Ratio of 114 days as of June 2026. Defensive assets of $9.93 Billion (cash $-, short-term investments $74.00 Million, receivables $9.85 Billion) cover 114 days of daily cash needs of $86.98 Million/day.
Defensive Interval Ratio
Defensive Assets
Daily Cash Need
Current Liabilities
Novartis AG ADR Defensive Interval Ratio (1998–2025)
This chart shows how Novartis AG ADR's Defensive Interval Ratio has evolved across 28 annual periods from 1998 to 2025. As of June 2026, the ratio stands at 114 days, meaning defensive assets of $9.93 Billion can fund 114 days of operations without new revenue. For the complete balance sheet picture, see balance sheet size of Novartis AG ADR.
Annual Defensive Interval Ratio for Novartis AG ADR (1998–2025)
The table below presents the year-by-year Defensive Interval Ratio for Novartis AG ADR from 1998 to 2025, covering 28 annual filings. Each row shows defensive assets, daily cash need, the DIR in days, and the change in days compared to the prior year. See Novartis AG ADR working capital to net assets to evaluate short-term liquidity relative to the company's equity base.
| Year | DIR (days) | Defensive Assets (USD) | Daily Cash Need | Cash | ST Investments | Change (days) |
|---|---|---|---|---|---|---|
| 2025 | 267 days | $19.95 Billion | $74.73 Million/day | $8.86 Billion | $155.00 Million | ▲ +25 days |
| 2024 | 241 days | $18.98 Billion | $78.61 Million/day | $8.87 Billion | $1.89 Billion | ▼ -37 days |
| 2023 | 278 days | $20.13 Billion | $72.30 Million/day | $10.19 Billion | $569.00 Million | ▼ -48 days |
| 2022 | 326 days | $25.63 Billion | $78.51 Million/day | $4.64 Billion | $11.10 Billion | ▼ -88 days |
| 2021 | 415 days | $34.34 Billion | $82.76 Million/day | $9.01 Billion | $15.71 Billion | ▲ +228 days |
| 2020 | 186 days | $16.89 Billion | $90.57 Million/day | $5.91 Billion | $1.91 Billion | ▼ -38 days |
| 2019 | 224 days | $17.37 Billion | $77.44 Million/day | $7.87 Billion | $334.00 Million | ▼ -53 days |
| 2018 | 278 days | $22.52 Billion | $81.12 Million/day | $10.15 Billion | $2.69 Billion | ▲ +19 days |
| 2017 | 259 days | $16.59 Billion | $64.12 Million/day | $5.89 Billion | $625.00 Million | ▼ -5 days |
| 2016 | 264 days | $16.07 Billion | $60.85 Million/day | $5.09 Billion | $770.00 Million | ▲ +90 days |
| 2015 | 174 days | $11.32 Billion | $64.95 Million/day | $- | $773.00 Million | ▲ +24 days |
| 2014 | 150 days | $11.09 Billion | $73.90 Million/day | $- | $839.00 Million | ▼ -60 days |
| 2013 | 210 days | $15.16 Billion | $72.24 Million/day | $- | $2.54 Billion | ▼ -19 days |
| 2012 | 229 days | $15.10 Billion | $65.89 Million/day | $- | $2.57 Billion | ▲ +13 days |
| 2011 | 217 days | $13.74 Billion | $63.42 Million/day | $- | $1.37 Billion | ▲ +2 days |
| 2010 | 215 days | $14.53 Billion | $67.56 Million/day | $- | $2.81 Billion | ▼ -245 days |
| 2009 | 461 days | $24.57 Billion | $53.34 Million/day | $- | $14.55 Billion | ▲ +181 days |
| 2008 | 280 days | $12.65 Billion | $45.22 Million/day | $- | $4.08 Billion | ▼ -79 days |
| 2007 | 359 days | $16.34 Billion | $45.59 Million/day | $- | $7.84 Billion | ▲ +86 days |
| 2006 | 272 days | $12.11 Billion | $44.48 Million/day | $- | $4.14 Billion | ▲ +6 days |
| 2005 | 266 days | $11.18 Billion | $41.99 Million/day | $- | $4.61 Billion | ▼ -218 days |
| 2004 | 484 days | $14.70 Billion | $30.35 Million/day | $- | $8.51 Billion | ▼ -28 days |
| 2003 | 513 days | $13.09 Billion | $25.53 Million/day | $- | $7.61 Billion | ▲ +52 days |
| 2002 | 461 days | $10.47 Billion | $22.72 Million/day | $- | $6.76 Billion | ▲ +49 days |
| 2001 | 412 days | $9.68 Billion | $23.53 Million/day | $- | $6.46 Billion | ▼ -122 days |
| 2000 | 533 days | $10.37 Billion | $19.44 Million/day | $- | $7.15 Billion | ▲ +175 days |
| 1999 | 358 days | $10.75 Billion | $30.01 Million/day | $- | $6.32 Billion | ▲ +52 days |
| 1998 | 307 days | $8.86 Billion | $28.90 Million/day | $- | $4.63 Billion | — |