Cosan S.A (CSAN3) — Defensive Interval Ratio
Cosan S.A (CSAN3) has a Defensive Interval Ratio of 522 days as of September 2025. Defensive assets of R$21.40 Billion (cash R$12.20 Billion, short-term investments R$3.20 Billion, receivables R$6.00 Billion) cover 522 days of daily cash needs of R$41.02 Million/day.
Defensive Interval Ratio
Defensive Assets
Daily Cash Need
Current Liabilities
Cosan S.A Defensive Interval Ratio (2002–2024)
This chart shows how Cosan S.A's Defensive Interval Ratio has evolved across 23 annual periods from 2002 to 2024. As of September 2025, the ratio stands at 522 days, meaning defensive assets of R$21.40 Billion can fund 522 days of operations without new revenue. For the complete balance sheet picture, see Cosan S.A balance sheet assets.
Annual Defensive Interval Ratio for Cosan S.A (2002–2024)
The table below presents the year-by-year Defensive Interval Ratio for Cosan S.A from 2002 to 2024, covering 23 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 working capital to net assets of Cosan S.A 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) |
|---|---|---|---|---|---|---|
| 2024 | 514 days | R$25.20 Billion | R$49.08 Million/day | R$15.94 Billion | R$3.50 Billion | ▼ -18 days |
| 2023 | 532 days | R$23.54 Billion | R$44.27 Million/day | R$14.45 Billion | R$3.62 Billion | ▲ +30 days |
| 2022 | 501 days | R$21.71 Billion | R$43.28 Million/day | R$12.99 Billion | R$2.66 Billion | ▼ -217 days |
| 2021 | 718 days | R$25.50 Billion | R$35.50 Million/day | R$16.08 Billion | R$4.86 Billion | ▲ +358 days |
| 2020 | 360 days | R$12.39 Billion | R$34.38 Million/day | R$4.54 Billion | R$3.98 Billion | ▼ -249 days |
| 2019 | 609 days | R$10.29 Billion | R$16.89 Million/day | R$5.96 Billion | R$2.14 Billion | ▲ +15 days |
| 2018 | 594 days | R$6.50 Billion | R$10.94 Million/day | R$2.64 Billion | R$1.81 Billion | ▲ +92 days |
| 2017 | 501 days | R$6.86 Billion | R$13.68 Million/day | R$3.11 Billion | R$2.39 Billion | ▼ -130 days |
| 2016 | 632 days | R$5.58 Billion | R$8.83 Million/day | R$3.94 Billion | R$441.65 Million | ▲ +486 days |
| 2015 | 145 days | R$1.33 Billion | R$9.16 Million/day | R$- | R$241.43 Million | ▼ -42 days |
| 2014 | 187 days | R$1.30 Billion | R$6.97 Million/day | R$- | R$149.74 Million | ▲ +52 days |
| 2013 | 134 days | R$971.15 Million | R$7.23 Million/day | R$- | R$87.98 Million | ▼ -60 days |
| 2012 | 194 days | R$2.51 Billion | R$12.91 Million/day | R$- | R$165.16 Million | ▼ -159 days |
| 2011 | 353 days | R$2.01 Billion | R$5.69 Million/day | R$- | R$40.08 Million | ▲ +234 days |
| 2010 | 118 days | R$797.47 Million | R$6.73 Million/day | R$- | R$187.94 Million | ▼ -54 days |
| 2009 | 172 days | R$998.27 Million | R$5.79 Million/day | R$- | R$129.46 Million | ▲ +57 days |
| 2008 | 116 days | R$737.66 Million | R$6.37 Million/day | R$- | R$11.76 Million | ▼ -706 days |
| 2007 | 822 days | R$1.28 Billion | R$1.56 Million/day | R$- | R$1.03 Billion | ▲ +311 days |
| 2006 | 511 days | R$828.04 Million | R$1.62 Million/day | R$- | R$610.89 Million | ▼ -25 days |
| 2005 | 536 days | R$983.09 Million | R$1.84 Million/day | R$- | R$770.49 Million | ▲ +445 days |
| 2004 | 91 days | R$122.93 Million | R$1.35 Million/day | R$- | R$3.87 Million | ▲ +46 days |
| 2003 | 45 days | R$118.65 Million | R$2.67 Million/day | R$- | R$44.72 Million | ▼ -23 days |
| 2002 | 68 days | R$157.49 Million | R$2.32 Million/day | R$- | R$35.41 Million | — |