Banco Santander SA ADR (SAN) — Defensive Interval Ratio
Banco Santander SA ADR (SAN) has a Defensive Interval Ratio of 42 days as of December 2025. Defensive assets of $148.42 Billion (cash $-, short-term investments $138.91 Billion, receivables $9.52 Billion) cover 42 days of daily cash needs of $3.55 Billion/day.
Defensive Interval Ratio
Defensive Assets
Daily Cash Need
Current Liabilities
Banco Santander SA ADR Defensive Interval Ratio (1991–2025)
This chart shows how Banco Santander SA ADR's Defensive Interval Ratio has evolved across 24 annual periods from 1991 to 2025. As of December 2025, the ratio stands at 42 days, meaning defensive assets of $148.42 Billion can fund 42 days of operations without new revenue. For the complete balance sheet picture, see SAN total assets.
Annual Defensive Interval Ratio for Banco Santander SA ADR (1991–2025)
The table below presents the year-by-year Defensive Interval Ratio for Banco Santander SA ADR from 1991 to 2025, covering 24 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 Banco Santander SA ADR current assets vs equity 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 | 39 days | $138.91 Billion | $3.55 Billion/day | $- | $138.91 Billion | ▼ -925 days |
| 2024 | 964 days | $30.95 Billion | $32.11 Million/day | $- | $19.52 Billion | ▲ +798 days |
| 2023 | 166 days | $32.13 Billion | $193.87 Million/day | $- | $21.51 Billion | ▼ -507 days |
| 2022 | 673 days | $86.22 Billion | $128.10 Million/day | $- | $77.02 Billion | ▼ -665 days |
| 2021 | 1338 days | $106.13 Billion | $79.32 Million/day | $- | $100.38 Billion | ▼ -442 days |
| 2020 | 1779 days | $117.03 Billion | $65.76 Million/day | $- | $111.69 Billion | ▲ +424 days |
| 2019 | 1355 days | $128.09 Billion | $94.51 Million/day | $- | $121.27 Billion | ▲ +979 days |
| 2018 | 376 days | $126.48 Billion | $336.37 Million/day | $- | $119.49 Billion | ▼ -3372 days |
| 2017 | 3748 days | $157.85 Billion | $42.12 Million/day | $- | $150.81 Billion | ▲ +207 days |
| 2016 | 3541 days | $136.43 Billion | $38.53 Million/day | $- | $130.01 Billion | ▼ -244 days |
| 2015 | 3785 days | $138.71 Billion | $36.65 Million/day | $- | $132.94 Billion | ▲ +879 days |
| 2014 | 2906 days | $124.22 Billion | $42.75 Million/day | $- | $117.76 Billion | ▼ -2362 days |
| 2013 | 5268 days | $93.48 Billion | $17.75 Million/day | $- | $87.73 Billion | ▲ +5220 days |
| 2012 | 48 days | $100.89 Billion | $2.09 Billion/day | $- | $94.78 Billion | ▼ -11455 days |
| 2011 | 11503 days | $93.57 Billion | $8.13 Million/day | $- | $88.43 Billion | ▼ -3197 days |
| 2010 | 14700 days | $160.32 Billion | $10.91 Million/day | $- | $154.84 Billion | ▲ +14491 days |
| 2009 | 210 days | $123.51 Billion | $589.18 Million/day | $- | $118.68 Billion | ▼ -7346 days |
| 2008 | 7555 days | $68.88 Billion | $9.12 Million/day | $- | $66.57 Billion | ▲ +7464 days |
| 2007 | 91 days | $57.81 Billion | $636.68 Million/day | $- | $55.96 Billion | ▼ -10706 days |
| 2006 | 10796 days | $115.34 Billion | $10.68 Million/day | $- | $114.12 Billion | ▼ -7119 days |
| 2004 | 17915 days | $79.85 Billion | $4.46 Million/day | $- | $78.46 Billion | ▼ -29141 days |
| 1993 | 47056 days | $16.11 Billion | $342.28K/day | $- | $- | ▲ +47051 days |
| 1992 | 5 days | $543.78 Million | $118.01 Million/day | $- | $- | ▼ -49 days |
| 1991 | 54 days | $1.98 Billion | $36.92 Million/day | $- | $- | — |