Bank of Montreal (BMO) — Defensive Interval Ratio

Latest as of January 2026: 118 days

Bank of Montreal (BMO) has a Defensive Interval Ratio of 118 days as of January 2026. Defensive assets of CA$348.00 Billion (cash CA$-, short-term investments CA$302.80 Billion, receivables CA$45.20 Billion) cover 118 days of daily cash needs of CA$2.94 Billion/day. Check BMO goodwill-adjusted equity ratio to evaluate the tangible quality of the company's equity base.

Defensive Interval Ratio

118 days
Days of operational coverage

Defensive Assets

CA$348.00 Billion
Cash + ST Investments + Receivables

Daily Cash Need

CA$2.94 Billion
Current Liabilities ÷ 365

Current Liabilities

CA$1.07 Trillion
CAD

Bank of Montreal Defensive Interval Ratio (1998–2025)

This chart shows how Bank of Montreal's Defensive Interval Ratio has evolved across 24 annual periods from 1998 to 2025. As of January 2026, the ratio stands at 118 days, meaning defensive assets of CA$348.00 Billion can fund 118 days of operations without new revenue. Also explore Bank of Montreal equity growth rate to track the company's year-over-year net asset growth rate.

Annual Defensive Interval Ratio for Bank of Montreal (1998–2025)

The table below presents the year-by-year Defensive Interval Ratio for Bank of Montreal from 1998 to 2025, covering 24 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 BMO market cap overview.

Year DIR (days) Defensive Assets (CAD) Daily Cash Need Cash ST Investments Change (days)
2025 29 days CA$88.01 Billion CA$3.08 Billion/day CA$- CA$33.84 Billion ▼ -1 days
2024 30 days CA$87.22 Billion CA$2.95 Billion/day CA$- CA$44.79 Billion ▲ +5 days
2023 25 days CA$44.06 Billion CA$1.76 Billion/day CA$- CA$32.25 Billion ▼ -82 days
2022 107 days CA$33.10 Billion CA$309.60 Million/day CA$- CA$25.01 Billion ▲ +8 days
2021 99 days CA$27.10 Billion CA$274.26 Million/day CA$- CA$20.41 Billion ▼ -36 days
2020 135 days CA$34.74 Billion CA$258.12 Million/day CA$- CA$28.80 Billion ▼ -140 days
2019 275 days CA$70.52 Billion CA$256.34 Million/day CA$- CA$64.52 Billion ▼ -15 days
2018 290 days CA$72.56 Billion CA$250.45 Million/day CA$- CA$62.44 Billion ▲ +34 days
2017 256 days CA$63.19 Billion CA$246.78 Million/day CA$- CA$54.08 Billion ▼ -22 days
2016 278 days CA$65.60 Billion CA$236.23 Million/day CA$- CA$55.66 Billion ▲ +49 days
2015 229 days CA$56.26 Billion CA$245.76 Million/day CA$- CA$48.01 Billion ▼ -2068 days
2014 2297 days CA$55.16 Billion CA$24.01 Million/day CA$- CA$46.97 Billion ▲ +1453 days
2013 844 days CA$20.30 Billion CA$24.03 Million/day CA$- CA$11.35 Billion ▼ -378 days
2012 1222 days CA$33.24 Billion CA$27.20 Million/day CA$- CA$22.75 Billion ▲ +222 days
2011 1000 days CA$27.21 Billion CA$27.22 Million/day CA$- CA$18.14 Billion ▼ -276 days
2010 1276 days CA$27.14 Billion CA$21.27 Million/day CA$- CA$20.06 Billion ▼ -1749 days
2009 3025 days CA$57.54 Billion CA$19.02 Million/day CA$- CA$50.30 Billion ▲ +1211 days
2008 1814 days CA$8.23 Billion CA$4.54 Million/day CA$- CA$- ▲ +556 days
2007 1257 days CA$33.26 Billion CA$26.45 Million/day CA$- CA$26.01 Billion ▲ +959 days
2006 298 days CA$7.06 Billion CA$23.66 Million/day CA$- CA$- ▼ -1570 days
2005 1869 days CA$5.87 Billion CA$3.14 Million/day CA$- CA$- ▲ +285 days
2000 1584 days CA$6.79 Billion CA$4.29 Million/day CA$- CA$- ▲ +303 days
1999 1281 days CA$4.85 Billion CA$3.79 Million/day CA$- CA$- ▼ -217 days
1998 1498 days CA$5.37 Billion CA$3.58 Million/day CA$- CA$- —
DIR = (Cash + Short-term Investments + Net Receivables) / (Daily Cash Expenses)