Orange S.A. (ORA) — Defensive Interval Ratio
Orange S.A. (ORA) has a Defensive Interval Ratio of 110 days as of June 2026. Defensive assets of €9.73 Billion (cash €-, short-term investments €1.79 Billion, receivables €7.95 Billion) cover 110 days of daily cash needs of €88.12 Million/day.
Defensive Interval Ratio
Defensive Assets
Daily Cash Need
Current Liabilities
Orange S.A. Defensive Interval Ratio (1997–2025)
This chart shows how Orange S.A.'s Defensive Interval Ratio has evolved across 29 annual periods from 1997 to 2025. As of June 2026, the ratio stands at 110 days, meaning defensive assets of €9.73 Billion can fund 110 days of operations without new revenue. For the complete balance sheet picture, see total assets of Orange S.A..
Annual Defensive Interval Ratio for Orange S.A. (1997–2025)
The table below presents the year-by-year Defensive Interval Ratio for Orange S.A. from 1997 to 2025, covering 29 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 Orange S.A. current assets vs equity to evaluate short-term liquidity relative to the company's equity base.
| Year | DIR (days) | Defensive Assets (EUR) | Daily Cash Need | Cash | ST Investments | Change (days) |
|---|---|---|---|---|---|---|
| 2025 | 156 days | €11.05 Billion | €71.06 Million/day | €- | €3.04 Billion | ▲ +44 days |
| 2024 | 111 days | €8.52 Billion | €76.46 Million/day | €- | €996.00 Million | ▼ -70 days |
| 2023 | 181 days | €15.18 Billion | €83.63 Million/day | €- | €2.70 Billion | ▲ +12 days |
| 2022 | 169 days | €13.53 Billion | €80.06 Million/day | €- | €4.50 Billion | ▲ +23 days |
| 2021 | 146 days | €10.89 Billion | €74.73 Million/day | €- | €2.27 Billion | ▲ +2 days |
| 2020 | 143 days | €11.11 Billion | €77.52 Million/day | €- | €3.21 Billion | ▲ +40 days |
| 2019 | 103 days | €7.82 Billion | €76.07 Million/day | €- | €85.00 Million | ▼ -95 days |
| 2018 | 198 days | €16.44 Billion | €83.00 Million/day | €- | €5.82 Billion | ▲ +28 days |
| 2017 | 170 days | €13.52 Billion | €79.61 Million/day | €- | €5.96 Billion | ▲ +11 days |
| 2016 | 158 days | €11.25 Billion | €71.04 Million/day | €- | €4.95 Billion | ▲ +54 days |
| 2015 | 104 days | €6.16 Billion | €59.25 Million/day | €- | €1.28 Billion | ▲ +15 days |
| 2014 | 89 days | €4.86 Billion | €54.84 Million/day | €- | €245.00 Million | ▲ +13 days |
| 2013 | 75 days | €4.57 Billion | €60.70 Million/day | €- | €209.00 Million | ▼ -26 days |
| 2012 | 101 days | €6.90 Billion | €68.27 Million/day | €- | €214.00 Million | ▼ -25 days |
| 2011 | 126 days | €9.43 Billion | €74.55 Million/day | €- | €948.00 Million | ▼ -22 days |
| 2010 | 149 days | €9.60 Billion | €64.63 Million/day | €- | €758.00 Million | ▲ +16 days |
| 2009 | 132 days | €8.61 Billion | €65.05 Million/day | €- | €92.00 Million | ▲ +18 days |
| 2008 | 115 days | €8.44 Billion | €73.74 Million/day | €- | €722.65 Million | ▲ +22 days |
| 2007 | 93 days | €7.18 Billion | €77.60 Million/day | €- | €534.98 Million | ▼ -22 days |
| 2006 | 115 days | €8.66 Billion | €75.31 Million/day | €- | €599.33 Million | ▲ +10 days |
| 2005 | 105 days | €8.64 Billion | €82.13 Million/day | €- | €205.17 Million | ▲ +3 days |
| 2004 | 102 days | €8.64 Billion | €84.76 Million/day | €- | €248.60 Million | ▲ +37 days |
| 2003 | 65 days | €5.68 Billion | €87.00 Million/day | €- | €1.87 Billion | ▲ +20 days |
| 2002 | 45 days | €5.51 Billion | €122.87 Million/day | €- | €44.79 Million | ▼ -74 days |
| 2001 | 119 days | €11.44 Billion | €95.96 Million/day | €- | €1.14 Billion | ▲ +63 days |
| 2000 | 56 days | €9.02 Billion | €161.06 Million/day | €- | €216.14 Million | ▼ -93 days |
| 1999 | 149 days | €7.10 Billion | €47.62 Million/day | €- | €210.68 Million | ▼ -21 days |
| 1998 | 170 days | €5.73 Billion | €33.68 Million/day | €- | €36.66 Million | ▲ +42 days |
| 1997 | 128 days | €5.37 Billion | €41.89 Million/day | €- | €- | — |