Nel ASA (NEL) — Defensive Interval Ratio

Latest as of June 2026: 124 days

Nel ASA (NEL) has a Defensive Interval Ratio of 124 days as of June 2026. Defensive assets of Nkr226.92 Million (cash Nkr-, short-term investments Nkr-, receivables Nkr226.92 Million) cover 124 days of daily cash needs of Nkr1.83 Million/day.

Defensive Interval Ratio

124 days
Days of operational coverage

Defensive Assets

Nkr226.92 Million
Cash + ST Investments + Receivables

Daily Cash Need

Nkr1.83 Million
Current Liabilities ÷ 365

Current Liabilities

Nkr666.27 Million
NOK

Nel ASA Defensive Interval Ratio (2002–2025)

This chart shows how Nel ASA's Defensive Interval Ratio has evolved across 24 annual periods from 2002 to 2025. As of June 2026, the ratio stands at 124 days, meaning defensive assets of Nkr226.92 Million can fund 124 days of operations without new revenue. For the complete balance sheet picture, see Nel ASA balance sheet assets.

Annual Defensive Interval Ratio for Nel ASA (2002–2025)

The table below presents the year-by-year Defensive Interval Ratio for Nel ASA from 2002 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 Nel ASA (NEL) working capital ratio to evaluate short-term liquidity relative to the company's equity base.

Year DIR (days) Defensive Assets (NOK) Daily Cash Need Cash ST Investments Change (days)
2025 889 days Nkr1.86 Billion Nkr2.10 Million/day Nkr1.61 Billion Nkr11.73 Million ▼ -43 days
2024 932 days Nkr2.56 Billion Nkr2.75 Million/day Nkr1.86 Billion Nkr2.26 Million ▼ -218 days
2023 1150 days Nkr4.18 Billion Nkr3.64 Million/day Nkr3.35 Billion Nkr24.01 Million ▼ -205 days
2022 1355 days Nkr4.42 Billion Nkr3.26 Million/day Nkr3.13 Billion Nkr547.16 Million ▼ -608 days
2021 1963 days Nkr3.79 Billion Nkr1.93 Million/day Nkr2.71 Billion Nkr608.10 Million ▼ -1710 days
2020 3674 days Nkr4.34 Billion Nkr1.18 Million/day Nkr2.33 Billion Nkr1.73 Billion ▲ +2837 days
2019 836 days Nkr780.00 Million Nkr932.63K/day Nkr469.96 Million Nkr- ▼ -43 days
2018 880 days Nkr456.57 Million Nkr519.13K/day Nkr347.57 Million Nkr- ▲ +222 days
2017 658 days Nkr385.54 Million Nkr585.96K/day Nkr288.54 Million Nkr- ▼ -811 days
2016 1469 days Nkr263.75 Million Nkr179.60K/day Nkr225.47 Million Nkr0.00 ▲ +1077 days
2015 392 days Nkr52.59 Million Nkr134.17K/day Nkr- Nkr1.51 Million ▲ +15 days
2014 377 days Nkr20.33 Million Nkr53.92K/day Nkr- Nkr- ▲ +188 days
2013 189 days Nkr3.40 Million Nkr17.94K/day Nkr- Nkr- ▼ -14 days
2012 204 days Nkr4.91 Million Nkr24.12K/day Nkr- Nkr- ▼ -33 days
2011 236 days Nkr5.24 Million Nkr22.18K/day Nkr- Nkr- ▲ +39 days
2010 197 days Nkr7.47 Million Nkr37.90K/day Nkr- Nkr- ▲ +61 days
2009 136 days Nkr3.30 Million Nkr24.23K/day Nkr- Nkr- ▼ -150 days
2008 287 days Nkr5.87 Million Nkr20.47K/day Nkr- Nkr- ▼ -20 days
2007 307 days Nkr5.10 Million Nkr16.62K/day Nkr- Nkr- ▲ +172 days
2006 135 days Nkr2.44 Million Nkr18.06K/day Nkr- Nkr- ▼ -127 days
2005 262 days Nkr2.31 Million Nkr8.83K/day Nkr- Nkr- ▼ -32 days
2004 294 days Nkr2.33 Million Nkr7.93K/day Nkr- Nkr- ▼ -349 days
2003 643 days Nkr2.00 Million Nkr3.11K/day Nkr- Nkr- ▲ +565 days
2002 78 days Nkr276.00K Nkr3.52K/day Nkr- Nkr- —
DIR = (Cash + Short-term Investments + Net Receivables) / (Daily Cash Expenses)