Pierre et Vacances SA (VAC) — Defensive Interval Ratio

Latest as of September 2025: 108 days

Pierre et Vacances SA (VAC) has a Defensive Interval Ratio of 108 days as of September 2025. Defensive assets of €340.61 Million (cash €-, short-term investments €11.93 Million, receivables €328.68 Million) cover 108 days of daily cash needs of €3.16 Million/day.

Defensive Interval Ratio

108 days
Days of operational coverage

Defensive Assets

€340.61 Million
Cash + ST Investments + Receivables

Daily Cash Need

€3.16 Million
Current Liabilities ÷ 365

Current Liabilities

€1.15 Billion
EUR

Pierre et Vacances SA Defensive Interval Ratio (2004–2025)

This chart shows how Pierre et Vacances SA's Defensive Interval Ratio has evolved across 22 annual periods from 2004 to 2025. As of September 2025, the ratio stands at 108 days, meaning defensive assets of €340.61 Million can fund 108 days of operations without new revenue. For the complete balance sheet picture, see balance sheet size of Pierre et Vacances SA.

Annual Defensive Interval Ratio for Pierre et Vacances SA (2004–2025)

The table below presents the year-by-year Defensive Interval Ratio for Pierre et Vacances SA from 2004 to 2025, covering 22 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 VAC working capital efficiency 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 108 days €340.61 Million €3.16 Million/day €- €11.93 Million ▲ +16 days
2024 91 days €292.13 Million €3.20 Million/day €- €18.32 Million ▼ -20 days
2023 111 days €409.86 Million €3.68 Million/day €- €15.77 Million ▼ -42 days
2022 153 days €475.67 Million €3.10 Million/day €- €98.50 Million ▲ +45 days
2021 109 days €489.81 Million €4.51 Million/day €- €85.93 Million ▼ -63 days
2020 172 days €538.66 Million €3.13 Million/day €- €101.49 Million ▼ -21 days
2019 193 days €453.71 Million €2.35 Million/day €- €87.86 Million ▲ +40 days
2018 153 days €338.27 Million €2.21 Million/day €- €60.33 Million ▲ +13 days
2017 140 days €313.88 Million €2.25 Million/day €- €130.00K ▼ -13 days
2016 153 days €317.26 Million €2.07 Million/day €- €130.00K ▲ +22 days
2015 131 days €271.09 Million €2.08 Million/day €- €- ▼ -89 days
2014 219 days €556.11 Million €2.54 Million/day €- €14.55 Million ▲ +71 days
2013 148 days €388.25 Million €2.63 Million/day €- €3.31 Million ▼ -57 days
2012 204 days €457.60 Million €2.24 Million/day €- €25.08 Million ▲ +62 days
2011 142 days €328.16 Million €2.30 Million/day €- €18.66 Million ▼ -77 days
2010 219 days €483.61 Million €2.20 Million/day €- €24.45 Million ▲ +32 days
2009 187 days €418.08 Million €2.23 Million/day €- €- ▼ -21 days
2008 209 days €552.41 Million €2.65 Million/day €- €- ▲ +34 days
2007 175 days €394.00 Million €2.25 Million/day €- €- ▲ +2 days
2006 173 days €362.65 Million €2.10 Million/day €- €- ▼ -2 days
2005 174 days €472.25 Million €2.71 Million/day €- €32.72 Million ▲ +57 days
2004 117 days €251.20 Million €2.14 Million/day €- €- —
DIR = (Cash + Short-term Investments + Net Receivables) / (Daily Cash Expenses)