Progressive Corp (PGR) — Defensive Interval Ratio
Progressive Corp (PGR) has a Defensive Interval Ratio of 313 days as of September 2024. Defensive assets of $28.63 Billion (cash $-, short-term investments $8.61 Billion, receivables $20.02 Billion) cover 313 days of daily cash needs of $91.58 Million/day. Check tangible net worth ratio of Progressive Corp to evaluate the tangible quality of the company's equity base.
Defensive Interval Ratio
Defensive Assets
Daily Cash Need
Current Liabilities
Progressive Corp Defensive Interval Ratio (1994–2023)
This chart shows how Progressive Corp's Defensive Interval Ratio has evolved across 30 annual periods from 1994 to 2023. As of September 2024, the ratio stands at 313 days, meaning defensive assets of $28.63 Billion can fund 313 days of operations without new revenue. Also explore net asset momentum of Progressive Corp to track the company's year-over-year net asset growth rate.
Annual Defensive Interval Ratio for Progressive Corp (1994–2023)
The table below presents the year-by-year Defensive Interval Ratio for Progressive Corp from 1994 to 2023, covering 30 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 Progressive Corp market cap and net worth.
| Year | DIR (days) | Defensive Assets (USD) | Daily Cash Need | Cash | ST Investments | Change (days) |
|---|---|---|---|---|---|---|
| 2023 | 977 days | $79.22 Billion | $81.12 Million/day | $- | $62.17 Billion | ▼ -3362 days |
| 2022 | 4338 days | $65.76 Billion | $15.16 Million/day | $- | $49.51 Billion | ▲ +3321 days |
| 2021 | 1017 days | $59.20 Billion | $58.20 Million/day | $- | $44.82 Billion | ▲ +8 days |
| 2020 | 1009 days | $54.21 Billion | $53.71 Million/day | $- | $42.03 Billion | ▼ -15 days |
| 2019 | 1024 days | $45.80 Billion | $44.73 Million/day | $- | $34.91 Billion | ▲ +600 days |
| 2018 | 424 days | $36.40 Billion | $85.89 Million/day | $- | $29.91 Billion | ▲ +26 days |
| 2017 | 398 days | $28.49 Billion | $71.60 Million/day | $- | $23.07 Billion | ▲ +0 days |
| 2016 | 398 days | $24.33 Billion | $61.16 Million/day | $- | $19.82 Billion | ▲ +2 days |
| 2015 | 396 days | $21.49 Billion | $54.31 Million/day | $- | $17.50 Billion | ▼ -25 days |
| 2014 | 421 days | $19.24 Billion | $45.74 Million/day | $- | $15.70 Billion | ▼ -3285 days |
| 2013 | 3706 days | $18.12 Billion | $4.89 Million/day | $- | $14.81 Billion | ▲ +3283 days |
| 2012 | 423 days | $16.95 Billion | $40.07 Million/day | $- | $13.76 Billion | ▼ -2188 days |
| 2011 | 2611 days | $16.24 Billion | $6.22 Million/day | $- | $13.31 Billion | ▼ -27505 days |
| 2010 | 30116 days | $4.02 Billion | $133.42K/day | $- | $1.09 Billion | ▼ -5212 days |
| 2009 | 35328 days | $3.53 Billion | $100.00K/day | $- | $1.08 Billion | ▼ -19233736861 days |
| 2008 | 19233772189 days | $3.56 Billion | $0.19/day | $- | $1.15 Billion | ▼ -2805086506 days |
| 2007 | 22038858696 days | $2.78 Billion | $0.13/day | $- | $382.40 Million | ▼ -127825274638 days |
| 2006 | 149864133333 days | $3.08 Billion | $0.02/day | $- | $581.20 Million | ▲ +149864132542 days |
| 2005 | 791 days | $3.27 Billion | $4.14 Million/day | $- | $773.60 Million | ▼ -326 days |
| 2004 | 1117 days | $4.05 Billion | $3.63 Million/day | $- | $1.38 Billion | ▲ +268 days |
| 2003 | 848 days | $3.00 Billion | $3.53 Million/day | $- | $648.00 Million | ▼ -12197082485 days |
| 2002 | 12197083333 days | $2.53 Billion | $0.21/day | $- | $567.80 Million | ▼ -4720944989 days |
| 2001 | 16918028322 days | $2.13 Billion | $0.13/day | $- | $227.40 Million | ▲ +16918028196 days |
| 2000 | 126 days | $2.23 Billion | $17.62 Million/day | $- | $186.80 Million | ▼ -28 days |
| 1999 | 155 days | $2.50 Billion | $16.17 Million/day | $- | $229.00 Million | ▼ -21 days |
| 1998 | 175 days | $2.46 Billion | $14.05 Million/day | $- | $441.90 Million | ▲ +27 days |
| 1997 | 148 days | $1.89 Billion | $12.73 Million/day | $- | $409.40 Million | ▲ +22 days |
| 1996 | 126 days | $1.29 Billion | $10.22 Million/day | $- | $159.70 Million | ▼ -21 days |
| 1995 | 147 days | $1.29 Billion | $8.77 Million/day | $- | $302.80 Million | ▼ -7 days |
| 1994 | 154 days | $1.20 Billion | $7.80 Million/day | $- | $279.10 Million | — |