CPFL Energia S.A (CPFE3) — Defensive Interval Ratio
CPFL Energia S.A (CPFE3) has a Defensive Interval Ratio of 177 days as of June 2026. Defensive assets of R$9.03 Billion (cash R$-, short-term investments R$1.82 Billion, receivables R$7.21 Billion) cover 177 days of daily cash needs of R$50.97 Million/day.
Defensive Interval Ratio
Defensive Assets
Daily Cash Need
Current Liabilities
CPFL Energia S.A Defensive Interval Ratio (2002–2025)
This chart shows how CPFL Energia S.A's Defensive Interval Ratio has evolved across 24 annual periods from 2002 to 2025. As of June 2026, the ratio stands at 177 days, meaning defensive assets of R$9.03 Billion can fund 177 days of operations without new revenue. For the complete balance sheet picture, see CPFE3 total assets.
Annual Defensive Interval Ratio for CPFL Energia S.A (2002–2025)
The table below presents the year-by-year Defensive Interval Ratio for CPFL Energia S.A 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 CPFE3 current assets to equity ratio to evaluate short-term liquidity relative to the company's equity base.
| Year | DIR (days) | Defensive Assets (BRL) | Daily Cash Need | Cash | ST Investments | Change (days) |
|---|---|---|---|---|---|---|
| 2025 | 281 days | R$13.75 Billion | R$48.98 Million/day | R$2.13 Billion | R$675.76 Million | ▲ +59 days |
| 2024 | 221 days | R$10.53 Billion | R$47.59 Million/day | R$1.77 Billion | R$1.57 Billion | ▼ -5 days |
| 2023 | 226 days | R$12.26 Billion | R$54.14 Million/day | R$4.20 Billion | R$1.10 Billion | ▼ -26 days |
| 2022 | 252 days | R$10.28 Billion | R$40.76 Million/day | R$3.61 Billion | R$856.24 Million | ▼ -49 days |
| 2021 | 301 days | R$10.65 Billion | R$35.38 Million/day | R$1.28 Billion | R$2.96 Billion | ▲ +19 days |
| 2020 | 282 days | R$11.12 Billion | R$39.47 Million/day | R$3.44 Billion | R$2.43 Billion | ▼ -25 days |
| 2019 | 307 days | R$8.46 Billion | R$27.58 Million/day | R$1.49 Billion | R$1.94 Billion | ▼ -13 days |
| 2018 | 320 days | R$7.38 Billion | R$23.06 Million/day | R$1.47 Billion | R$1.33 Billion | ▲ +54 days |
| 2017 | 266 days | R$8.29 Billion | R$31.17 Million/day | R$2.88 Billion | R$210.83 Million | ▼ -181 days |
| 2016 | 447 days | R$11.05 Billion | R$24.71 Million/day | R$5.99 Billion | R$11.15 Million | ▲ +225 days |
| 2015 | 222 days | R$5.80 Billion | R$26.10 Million/day | R$- | R$1.50 Billion | ▲ +3 days |
| 2014 | 220 days | R$4.46 Billion | R$20.32 Million/day | R$- | R$1.16 Billion | ▲ +68 days |
| 2013 | 152 days | R$2.04 Billion | R$13.44 Million/day | R$- | R$24.81 Million | ▼ -47 days |
| 2012 | 199 days | R$2.71 Billion | R$13.61 Million/day | R$- | R$41.41 Million | ▲ +20 days |
| 2011 | 178 days | R$2.20 Billion | R$12.33 Million/day | R$- | R$47.52 Million | ▼ -90 days |
| 2010 | 268 days | R$3.25 Billion | R$12.13 Million/day | R$- | R$1.24 Billion | ▲ +56 days |
| 2009 | 212 days | R$1.99 Billion | R$9.38 Million/day | R$- | R$40.05 Million | ▲ +46 days |
| 2008 | 166 days | R$1.93 Billion | R$11.62 Million/day | R$- | R$74.77 Million | ▼ -20 days |
| 2007 | 185 days | R$2.14 Billion | R$11.55 Million/day | R$- | R$35.04 Million | ▼ -13 days |
| 2006 | 198 days | R$2.05 Billion | R$10.35 Million/day | R$- | R$28.61 Million | ▲ +5 days |
| 2005 | 193 days | R$2.18 Billion | R$11.33 Million/day | R$- | R$373.38 Million | ▼ -36 days |
| 2004 | 229 days | R$1.91 Billion | R$8.35 Million/day | R$- | R$317.89 Million | ▲ +18 days |
| 2003 | 211 days | R$1.44 Billion | R$6.86 Million/day | R$- | R$12.12 Million | ▲ +84 days |
| 2002 | 126 days | R$1.68 Billion | R$13.33 Million/day | R$- | R$87.02 Million | — |