Sparebank 1 SMN (MING) — Defensive Interval Ratio

Latest as of September 2023: 3 days

Sparebank 1 SMN (MING) has a Defensive Interval Ratio of 3 days as of September 2023. Defensive assets of Nkr1.56 Billion (cash Nkr-, short-term investments Nkr-, receivables Nkr1.56 Billion) cover 3 days of daily cash needs of Nkr449.79 Million/day. Check Sparebank 1 SMN tangible book value ratio to evaluate the tangible quality of the company's equity base.

Defensive Interval Ratio

3 days
Days of operational coverage

Defensive Assets

Nkr1.56 Billion
Cash + ST Investments + Receivables

Daily Cash Need

Nkr449.79 Million
Current Liabilities ÷ 365

Current Liabilities

Nkr164.17 Billion
NOK

Sparebank 1 SMN Defensive Interval Ratio (2013–2022)

This chart shows how Sparebank 1 SMN's Defensive Interval Ratio has evolved across 10 annual periods from 2013 to 2022. As of September 2023, the ratio stands at 3 days, meaning defensive assets of Nkr1.56 Billion can fund 3 days of operations without new revenue. Also explore Sparebank 1 SMN net asset momentum to track the company's year-over-year net asset growth rate.

Annual Defensive Interval Ratio for Sparebank 1 SMN (2013–2022)

The table below presents the year-by-year Defensive Interval Ratio for Sparebank 1 SMN from 2013 to 2022, covering 10 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 Sparebank 1 SMN stock valuation.

Year DIR (days) Defensive Assets (NOK) Daily Cash Need Cash ST Investments Change (days)
2022 1 days Nkr262.00 Million Nkr429.74 Million/day Nkr- Nkr- ▼ -1 days
2021 1 days Nkr486.00 Million Nkr378.31 Million/day Nkr- Nkr- ▼ -1 days
2020 2 days Nkr863.00 Million Nkr351.33 Million/day Nkr- Nkr- ▲ +1 days
2019 1 days Nkr424.00 Million Nkr293.72 Million/day Nkr- Nkr- ▲ +0 days
2018 1 days Nkr363.00 Million Nkr271.14 Million/day Nkr- Nkr- ▼ -16 days
2017 17 days Nkr4.64 Billion Nkr272.64 Million/day Nkr- Nkr4.21 Billion ▲ +16 days
2016 1 days Nkr283.00 Million Nkr243.24 Million/day Nkr- Nkr- ▲ +0 days
2015 1 days Nkr239.00 Million Nkr228.80 Million/day Nkr- Nkr- ▼ -6 days
2014 7 days Nkr1.55 Billion Nkr223.34 Million/day Nkr- Nkr- ▼ -25 days
2013 32 days Nkr6.00 Billion Nkr186.00 Million/day Nkr- Nkr4.20 Billion —
DIR = (Cash + Short-term Investments + Net Receivables) / (Daily Cash Expenses)