VZ Holding AG (VZN) — Defensive Interval Ratio

Latest as of December 2025: 14706 days

VZ Holding AG (VZN) has a Defensive Interval Ratio of 14706 days as of December 2025. Defensive assets of CHF2.38 Billion (cash CHF1.66 Billion, short-term investments CHF424.50 Million, receivables CHF296.06 Million) cover 14706 days of daily cash needs of CHF162.12K/day.

Defensive Interval Ratio

14706 days
Days of operational coverage

Defensive Assets

CHF2.38 Billion
Cash + ST Investments + Receivables

Daily Cash Need

CHF162.12K
Current Liabilities ÷ 365

Current Liabilities

CHF59.17 Million
CHF

VZ Holding AG Defensive Interval Ratio (2012–2025)

This chart shows how VZ Holding AG's Defensive Interval Ratio has evolved across 14 annual periods from 2012 to 2025. As of December 2025, the ratio stands at 14706 days, meaning defensive assets of CHF2.38 Billion can fund 14706 days of operations without new revenue. For the complete balance sheet picture, see total assets of VZ Holding AG.

Annual Defensive Interval Ratio for VZ Holding AG (2012–2025)

The table below presents the year-by-year Defensive Interval Ratio for VZ Holding AG from 2012 to 2025, covering 14 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 VZN current assets to equity ratio to evaluate short-term liquidity relative to the company's equity base.

Year DIR (days) Defensive Assets (CHF) Daily Cash Need Cash ST Investments Change (days)
2025 14706 days CHF2.38 Billion CHF162.12K/day CHF1.66 Billion CHF424.50 Million ▲ +14565 days
2024 140 days CHF2.18 Billion CHF15.53 Million/day CHF1.69 Billion CHF217.23 Million ▲ +2 days
2023 138 days CHF1.90 Billion CHF13.80 Million/day CHF1.42 Billion CHF258.94 Million ▲ +20 days
2022 118 days CHF1.54 Billion CHF12.97 Million/day CHF1.29 Billion CHF172.49 Million ▼ -37 days
2021 156 days CHF1.96 Billion CHF12.57 Million/day CHF1.80 Billion CHF89.28 Million ▼ -20 days
2020 176 days CHF1.88 Billion CHF10.68 Million/day CHF1.63 Billion CHF116.39 Million ▼ -3 days
2019 179 days CHF1.50 Billion CHF8.38 Million/day CHF1.24 Billion CHF207.54 Million ▲ +15 days
2018 164 days CHF1.05 Billion CHF6.37 Million/day CHF724.27 Million CHF278.24 Million ▼ -5 days
2017 169 days CHF966.10 Million CHF5.72 Million/day CHF695.46 Million CHF215.65 Million ▼ -16 days
2016 184 days CHF951.87 Million CHF5.16 Million/day CHF758.34 Million CHF157.41 Million ▲ +128 days
2015 56 days CHF231.19 Million CHF4.13 Million/day CHF- CHF197.21 Million ▼ -59 days
2014 115 days CHF470.46 Million CHF4.11 Million/day CHF- CHF439.77 Million ▲ +9 days
2013 105 days CHF317.87 Million CHF3.03 Million/day CHF- CHF288.92 Million ▼ -12 days
2012 117 days CHF246.75 Million CHF2.11 Million/day CHF- CHF212.07 Million —
DIR = (Cash + Short-term Investments + Net Receivables) / (Daily Cash Expenses)