Norwegian Air Shuttle ASA (NAS) — Defensive Interval Ratio

Latest as of June 2025: 385 days

Norwegian Air Shuttle ASA (NAS) has a Defensive Interval Ratio of 385 days as of June 2025. Defensive assets of Nkr18.97 Billion (cash Nkr12.74 Billion, short-term investments Nkr1.05 Billion, receivables Nkr5.18 Billion) cover 385 days of daily cash needs of Nkr49.27 Million/day. See Norwegian Air Shuttle ASA current assets vs equity to evaluate short-term liquidity relative to the company's equity base.

Defensive Interval Ratio

385 days
Days of operational coverage

Defensive Assets

Nkr18.97 Billion
Cash + ST Investments + Receivables

Daily Cash Need

Nkr49.27 Million
Current Liabilities ÷ 365

Current Liabilities

Nkr17.98 Billion
NOK

Norwegian Air Shuttle ASA Defensive Interval Ratio (2004–2024)

This chart shows how Norwegian Air Shuttle ASA's Defensive Interval Ratio has evolved across 20 annual periods from 2004 to 2024. As of June 2025, the ratio stands at 385 days, meaning defensive assets of Nkr18.97 Billion can fund 385 days of operations without new revenue. See debt-free asset ratio of Norwegian Air Shuttle ASA to measure how much of total assets are equity-financed.

Annual Defensive Interval Ratio for Norwegian Air Shuttle ASA (2004–2024)

The table below presents the year-by-year Defensive Interval Ratio for Norwegian Air Shuttle ASA from 2004 to 2024, covering 20 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 Norwegian Air Shuttle ASA (NAS) total market value.

Year DIR (days) Defensive Assets (NOK) Daily Cash Need Cash ST Investments Change (days)
2024 223 days Nkr8.02 Billion Nkr35.96 Million/day Nkr4.11 Billion Nkr1.01 Billion ▲ +39 days
2023 184 days Nkr4.53 Billion Nkr24.55 Million/day Nkr2.81 Billion Nkr1.01 Billion ▲ +28 days
2022 156 days Nkr3.27 Billion Nkr20.89 Million/day Nkr2.54 Billion Nkr-453.30 Million ▼ -202 days
2021 358 days Nkr5.95 Billion Nkr16.62 Million/day Nkr3.02 Billion Nkr-119.40 Million ▲ +342 days
2020 16 days Nkr2.33 Billion Nkr146.57 Million/day Nkr20.80 Million Nkr-62.60 Million ▼ -116 days
2019 132 days Nkr8.69 Billion Nkr65.83 Million/day Nkr20.40 Million Nkr-1.46 Billion ▲ +15 days
2018 117 days Nkr8.87 Billion Nkr75.67 Million/day Nkr66.90 Million Nkr2.05 Billion ▲ +9 days
2017 108 days Nkr4.87 Billion Nkr44.93 Million/day Nkr435.22 Million Nkr80.00 Million ▲ +38 days
2016 71 days Nkr2.60 Billion Nkr36.74 Million/day Nkr327.87 Million Nkr-738.08 Million ▲ +1 days
2015 70 days Nkr2.05 Billion Nkr29.41 Million/day Nkr- Nkr-501.81 Million ▼ -14 days
2014 84 days Nkr2.17 Billion Nkr25.86 Million/day Nkr- Nkr- ▼ -29 days
2013 113 days Nkr1.63 Billion Nkr14.48 Million/day Nkr- Nkr11.16 Million ▲ +30 days
2012 83 days Nkr1.10 Billion Nkr13.27 Million/day Nkr- Nkr- ▼ -15 days
2011 98 days Nkr1.07 Billion Nkr10.94 Million/day Nkr- Nkr- ▼ -32 days
2009 130 days Nkr829.89 Million Nkr6.38 Million/day Nkr- Nkr- ▲ +87 days
2008 43 days Nkr195.17 Million Nkr4.53 Million/day Nkr- Nkr-737.57 Million ▼ -87 days
2007 130 days Nkr434.18 Million Nkr3.33 Million/day Nkr- Nkr- ▼ -71 days
2006 201 days Nkr379.51 Million Nkr1.89 Million/day Nkr- Nkr- ▲ +15 days
2005 186 days Nkr239.07 Million Nkr1.28 Million/day Nkr- Nkr57.38 Million ▲ +81 days
2004 105 days Nkr81.72 Million Nkr780.98K/day Nkr- Nkr- —
DIR = (Cash + Short-term Investments + Net Receivables) / (Daily Cash Expenses)