IRPC PCL (TPIG) — Defensive Interval Ratio
IRPC PCL (TPIG) has a Defensive Interval Ratio of 88 days as of March 2026. Defensive assets of €19.69 Billion (cash €-, short-term investments €-, receivables €19.69 Billion) cover 88 days of daily cash needs of €223.34 Million/day.
Defensive Interval Ratio
Defensive Assets
Daily Cash Need
Current Liabilities
IRPC PCL Defensive Interval Ratio (2018–2025)
This chart shows how IRPC PCL's Defensive Interval Ratio has evolved across 8 annual periods from 2018 to 2025. As of March 2026, the ratio stands at 88 days, meaning defensive assets of €19.69 Billion can fund 88 days of operations without new revenue. For the complete balance sheet picture, see TPIG asset base.
Annual Defensive Interval Ratio for IRPC PCL (2018–2025)
The table below presents the year-by-year Defensive Interval Ratio for IRPC PCL from 2018 to 2025, covering 8 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 IRPC PCL 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 | 74 days | €12.04 Billion | €161.59 Million/day | €- | €- | ▼ -15 days |
| 2024 | 90 days | €13.27 Billion | €147.52 Million/day | €- | €- | ▼ -7 days |
| 2023 | 97 days | €15.60 Billion | €161.49 Million/day | €- | €- | ▲ +8 days |
| 2022 | 89 days | €15.05 Billion | €170.02 Million/day | €- | €- | ▼ -17 days |
| 2021 | 106 days | €13.79 Billion | €130.25 Million/day | €- | €- | ▲ +26 days |
| 2020 | 80 days | €9.63 Billion | €120.71 Million/day | €- | €- | ▼ -1 days |
| 2019 | 81 days | €10.10 Billion | €125.22 Million/day | €- | €- | ▼ -10 days |
| 2018 | 91 days | €12.20 Billion | €133.96 Million/day | €- | €- | — |