Orange S.A. (ORA) — Defensive Interval Ratio

Latest as of December 2025: 156 days

Orange S.A. (ORA) has a Defensive Interval Ratio of 156 days as of December 2025. Defensive assets of €11.05 Billion (cash €-, short-term investments €3.04 Billion, receivables €8.01 Billion) cover 156 days of daily cash needs of €71.06 Million/day. See how liquid is Orange S.A.'s working capital to evaluate short-term liquidity relative to the company's equity base.

Defensive Interval Ratio

156 days
Days of operational coverage

Defensive Assets

€11.05 Billion
Cash + ST Investments + Receivables

Daily Cash Need

€71.06 Million
Current Liabilities ÷ 365

Current Liabilities

€25.94 Billion
EUR

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 December 2025, the ratio stands at 156 days, meaning defensive assets of €11.05 Billion can fund 156 days of operations without new revenue. See net asset quality index of Orange S.A. to measure how much of total assets are equity-financed.

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. For live market cap and the full company financial profile, see Orange S.A. (ORA) total market value.

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 €- €- —
DIR = (Cash + Short-term Investments + Net Receivables) / (Daily Cash Expenses)