National Bank of Canada (NA) — Defensive Interval Ratio

Latest as of April 2026: 143 days

National Bank of Canada (NA) has a Defensive Interval Ratio of 143 days as of April 2026. Defensive assets of CA$25.80 Billion (cash CA$-, short-term investments CA$23.81 Billion, receivables CA$1.99 Billion) cover 143 days of daily cash needs of CA$180.95 Million/day. See National Bank of Canada (NA) working capital ratio to evaluate short-term liquidity relative to the company's equity base.

Defensive Interval Ratio

143 days
Days of operational coverage

Defensive Assets

CA$25.80 Billion
Cash + ST Investments + Receivables

Daily Cash Need

CA$180.95 Million
Current Liabilities ÷ 365

Current Liabilities

CA$66.05 Billion
CAD

National Bank of Canada Defensive Interval Ratio (1993–2025)

This chart shows how National Bank of Canada's Defensive Interval Ratio has evolved across 31 annual periods from 1993 to 2025. As of April 2026, the ratio stands at 143 days, meaning defensive assets of CA$25.80 Billion can fund 143 days of operations without new revenue. See how leveraged is National Bank of Canada's balance sheet to measure how much of total assets are equity-financed.

Annual Defensive Interval Ratio for National Bank of Canada (1993–2025)

The table below presents the year-by-year Defensive Interval Ratio for National Bank of Canada from 1993 to 2025, covering 31 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 National Bank of Canada worth.

Year DIR (days) Defensive Assets (CAD) Daily Cash Need Cash ST Investments Change (days)
2025 9 days CA$10.88 Billion CA$1.23 Billion/day CA$- CA$5.28 Billion ▼ -3 days
2024 12 days CA$11.49 Billion CA$956.59 Million/day CA$- CA$4.20 Billion ▼ -5 days
2023 17 days CA$10.09 Billion CA$603.52 Million/day CA$- CA$3.90 Billion ▲ +1 days
2022 16 days CA$9.03 Billion CA$559.45 Million/day CA$- CA$4.47 Billion ▲ +9 days
2021 7 days CA$6.29 Billion CA$841.61 Million/day CA$- CA$2.93 Billion ▼ -168 days
2020 176 days CA$8.02 Billion CA$45.60 Million/day CA$- CA$5.57 Billion ▲ +167 days
2019 9 days CA$3.62 Billion CA$386.87 Million/day CA$- CA$1.52 Billion ▼ -2 days
2018 11 days CA$4.00 Billion CA$349.46 Million/day CA$- CA$1.31 Billion ▼ -104 days
2017 116 days CA$5.02 Billion CA$43.38 Million/day CA$- CA$1.29 Billion ▲ +93 days
2016 23 days CA$5.50 Billion CA$243.93 Million/day CA$- CA$1.58 Billion ▼ -312 days
2015 335 days CA$17.24 Billion CA$51.47 Million/day CA$- CA$14.04 Billion ▼ -28 days
2014 363 days CA$3.94 Billion CA$10.86 Million/day CA$- CA$1.16 Billion ▲ +242 days
2013 121 days CA$12.44 Billion CA$103.08 Million/day CA$- CA$9.74 Billion ▼ -288 days
2012 409 days CA$5.00 Billion CA$12.25 Million/day CA$- CA$1.68 Billion ▲ +29 days
2011 379 days CA$18.31 Billion CA$48.26 Million/day CA$- CA$15.88 Billion ▲ +271 days
2010 109 days CA$15.24 Billion CA$140.23 Million/day CA$- CA$11.79 Billion ▼ -96 days
2009 205 days CA$16.86 Billion CA$82.32 Million/day CA$- CA$13.28 Billion ▼ -35 days
2008 240 days CA$15.38 Billion CA$64.05 Million/day CA$- CA$12.32 Billion ▲ +24 days
2007 216 days CA$12.76 Billion CA$59.04 Million/day CA$- CA$8.44 Billion ▲ +59 days
2006 157 days CA$11.47 Billion CA$73.15 Million/day CA$- CA$6.81 Billion ▲ +144 days
2004 12 days CA$691.00 Million CA$55.77 Million/day CA$- CA$- ▼ -565 days
2003 578 days CA$828.00 Million CA$1.43 Million/day CA$- CA$- ▼ -86 days
2002 664 days CA$804.00 Million CA$1.21 Million/day CA$- CA$- ▲ +417 days
2000 247 days CA$492.00 Million CA$1.99 Million/day CA$- CA$- ▲ +56 days
1999 190 days CA$403.00 Million CA$2.12 Million/day CA$- CA$- ▲ +6 days
1998 185 days CA$359.00 Million CA$1.95 Million/day CA$- CA$- ▲ +11 days
1997 173 days CA$314.00 Million CA$1.81 Million/day CA$- CA$- ▲ +21 days
1996 152 days CA$298.00 Million CA$1.96 Million/day CA$- CA$- ▲ +16 days
1995 136 days CA$333.00 Million CA$2.45 Million/day CA$- CA$- ▼ -5 days
1994 141 days CA$247.60 Million CA$1.75 Million/day CA$- CA$- ▲ +33 days
1993 108 days CA$213.00 Million CA$1.97 Million/day CA$- CA$- —
DIR = (Cash + Short-term Investments + Net Receivables) / (Daily Cash Expenses)