China Southern Airlines Co Ltd Class A (600029) — Defensive Interval Ratio

Latest as of March 2026: 19 days

China Southern Airlines Co Ltd Class A (600029) has a Defensive Interval Ratio of 19 days as of March 2026. Defensive assets of CN¥8.24 Billion (cash CN¥-, short-term investments CN¥2.76 Billion, receivables CN¥5.48 Billion) cover 19 days of daily cash needs of CN¥434.68 Million/day. See 600029 net working capital ratio to evaluate short-term liquidity relative to the company's equity base.

Defensive Interval Ratio

19 days
Days of operational coverage

Defensive Assets

CN¥8.24 Billion
Cash + ST Investments + Receivables

Daily Cash Need

CN¥434.68 Million
Current Liabilities ÷ 365

Current Liabilities

CN¥158.66 Billion
CNY

China Southern Airlines Co Ltd Class A Defensive Interval Ratio (1997–2025)

This chart shows how China Southern Airlines Co Ltd Class A's Defensive Interval Ratio has evolved across 29 annual periods from 1997 to 2025. As of March 2026, the ratio stands at 19 days, meaning defensive assets of CN¥8.24 Billion can fund 19 days of operations without new revenue. See debt-free asset ratio of China Southern Airlines Co Ltd Class A to measure how much of total assets are equity-financed.

Annual Defensive Interval Ratio for China Southern Airlines Co Ltd Class A (1997–2025)

The table below presents the year-by-year Defensive Interval Ratio for China Southern Airlines Co Ltd Class 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 how much is China Southern Airlines Co Ltd Class A worth.

Year DIR (days) Defensive Assets (CNY) Daily Cash Need Cash ST Investments Change (days)
2025 16 days CN¥6.81 Billion CN¥422.25 Million/day CN¥- CN¥2.85 Billion ▼ -8 days
2024 24 days CN¥9.25 Billion CN¥379.18 Million/day CN¥- CN¥2.69 Billion ▲ +1 days
2023 23 days CN¥8.30 Billion CN¥354.62 Million/day CN¥- CN¥3.16 Billion ▲ +11 days
2022 12 days CN¥4.75 Billion CN¥387.56 Million/day CN¥- CN¥- ▼ -2 days
2021 14 days CN¥4.31 Billion CN¥304.08 Million/day CN¥- CN¥- ▼ -3 days
2020 17 days CN¥4.51 Billion CN¥262.14 Million/day CN¥- CN¥- ▼ -4 days
2019 21 days CN¥5.56 Billion CN¥261.62 Million/day CN¥- CN¥0.00 ▼ -27 days
2018 48 days CN¥11.02 Billion CN¥229.28 Million/day CN¥- CN¥704.00 Million ▲ +26 days
2017 22 days CN¥4.16 Billion CN¥190.62 Million/day CN¥- CN¥313.00 Million ▼ -13 days
2016 34 days CN¥6.40 Billion CN¥186.12 Million/day CN¥- CN¥568.00 Million ▲ +1 days
2015 34 days CN¥6.02 Billion CN¥179.55 Million/day CN¥- CN¥120.00 Million ▼ -11 days
2014 44 days CN¥6.57 Billion CN¥148.18 Million/day CN¥- CN¥- ▲ +6 days
2013 39 days CN¥5.22 Billion CN¥134.83 Million/day CN¥- CN¥- ▲ +11 days
2012 27 days CN¥3.63 Billion CN¥133.51 Million/day CN¥- CN¥- ▼ -33 days
2011 60 days CN¥7.30 Billion CN¥121.68 Million/day CN¥- CN¥- ▲ +21 days
2010 39 days CN¥3.44 Billion CN¥88.56 Million/day CN¥- CN¥- ▲ +12 days
2009 27 days CN¥2.82 Billion CN¥104.38 Million/day CN¥- CN¥- ▲ +3 days
2008 24 days CN¥2.70 Billion CN¥113.80 Million/day CN¥- CN¥- ▼ -3 days
2007 27 days CN¥3.16 Billion CN¥116.72 Million/day CN¥- CN¥2.00 Million ▲ +4 days
2006 23 days CN¥2.50 Billion CN¥106.47 Million/day CN¥- CN¥- ▼ -6 days
2005 30 days CN¥2.70 Billion CN¥90.76 Million/day CN¥- CN¥- ▼ -7 days
2004 36 days CN¥2.61 Billion CN¥71.56 Million/day CN¥- CN¥683.00 Million ▲ +9 days
2003 28 days CN¥1.13 Billion CN¥40.53 Million/day CN¥- CN¥- ▼ -2 days
2002 30 days CN¥1.04 Billion CN¥34.58 Million/day CN¥- CN¥- ▼ -4 days
2001 34 days CN¥753.29 Million CN¥22.12 Million/day CN¥- CN¥- ▼ -19 days
2000 53 days CN¥1.02 Billion CN¥19.47 Million/day CN¥- CN¥- ▼ -4 days
1999 56 days CN¥1.03 Billion CN¥18.34 Million/day CN¥- CN¥- ▼ -37 days
1998 93 days CN¥1.35 Billion CN¥14.54 Million/day CN¥- CN¥- ▲ +17 days
1997 76 days CN¥1.19 Billion CN¥15.62 Million/day CN¥- CN¥- —
DIR = (Cash + Short-term Investments + Net Receivables) / (Daily Cash Expenses)