Bank of China Limited (601988) — Defensive Interval Ratio

Latest as of June 2023: 11 days

Bank of China Limited (601988) has a Defensive Interval Ratio of 11 days as of June 2023. Defensive assets of CN¥813.60 Billion (cash CN¥-, short-term investments CN¥-, receivables CN¥813.60 Billion) cover 11 days of daily cash needs of CN¥74.12 Billion/day. See 601988 net working capital ratio to evaluate short-term liquidity relative to the company's equity base.

Defensive Interval Ratio

11 days
Days of operational coverage

Defensive Assets

CN¥813.60 Billion
Cash + ST Investments + Receivables

Daily Cash Need

CN¥74.12 Billion
Current Liabilities ÷ 365

Current Liabilities

CN¥27.05 Trillion
CNY

Bank of China Limited Defensive Interval Ratio (2015–2021)

This chart shows how Bank of China Limited's Defensive Interval Ratio has evolved across 7 annual periods from 2015 to 2021. As of June 2023, the ratio stands at 11 days, meaning defensive assets of CN¥813.60 Billion can fund 11 days of operations without new revenue. See debt-free asset ratio of Bank of China Limited to measure how much of total assets are equity-financed.

Annual Defensive Interval Ratio for Bank of China Limited (2015–2021)

The table below presents the year-by-year Defensive Interval Ratio for Bank of China Limited from 2015 to 2021, covering 7 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 Bank of China Limited stock valuation.

Year DIR (days) Defensive Assets (CNY) Daily Cash Need Cash ST Investments Change (days)
2021 7 days CN¥377.13 Billion CN¥57.09 Billion/day CN¥- CN¥- ▼ -2 days
2020 9 days CN¥490.93 Billion CN¥56.37 Billion/day CN¥- CN¥- ▼ -16 days
2019 24 days CN¥1.28 Trillion CN¥52.61 Billion/day CN¥- CN¥505.29 Billion ▼ -3 days
2018 27 days CN¥1.33 Trillion CN¥49.23 Billion/day CN¥- CN¥403.89 Billion ▲ +2 days
2017 25 days CN¥1.13 Trillion CN¥44.59 Billion/day CN¥- CN¥398.27 Billion ▼ -4 days
2016 29 days CN¥1.24 Trillion CN¥41.99 Billion/day CN¥- CN¥357.20 Billion ▼ -2 days
2015 31 days CN¥1.24 Trillion CN¥39.84 Billion/day CN¥- CN¥241.24 Billion —
DIR = (Cash + Short-term Investments + Net Receivables) / (Daily Cash Expenses)