Royal Bank of Canada (RY) — Defensive Interval Ratio

Latest as of July 2026: 8102 days

Royal Bank of Canada (RY) has a Defensive Interval Ratio of 8102 days as of July 2026. Defensive assets of CA$293.68 Billion (cash CA$-, short-term investments CA$293.68 Billion, receivables CA$-) cover 8102 days of daily cash needs of CA$36.25 Million/day.

Defensive Interval Ratio

8102 days
Days of operational coverage

Defensive Assets

CA$293.68 Billion
Cash + ST Investments + Receivables

Daily Cash Need

CA$36.25 Million
Current Liabilities ÷ 365

Current Liabilities

CA$13.23 Billion
CAD

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

This chart shows how Royal Bank of Canada's Defensive Interval Ratio has evolved across 22 annual periods from 1993 to 2025. As of July 2026, the ratio stands at 8102 days, meaning defensive assets of CA$293.68 Billion can fund 8102 days of operations without new revenue. For the complete balance sheet picture, see balance sheet size of Royal Bank of Canada.

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

The table below presents the year-by-year Defensive Interval Ratio for Royal Bank of Canada from 1993 to 2025, covering 22 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 RY working capital ratio to evaluate short-term liquidity relative to the company's equity base.

Year DIR (days) Defensive Assets (CAD) Daily Cash Need Cash ST Investments Change (days)
2025 28 days CA$119.10 Billion CA$4.26 Billion/day CA$- CA$77.89 Billion ▲ +9 days
2024 19 days CA$77.27 Billion CA$4.01 Billion/day CA$- CA$44.38 Billion ▼ -11 days
2023 30 days CA$108.72 Billion CA$3.64 Billion/day CA$- CA$78.93 Billion ▲ +5 days
2022 25 days CA$86.43 Billion CA$3.53 Billion/day CA$- CA$60.19 Billion ▲ +7 days
2021 18 days CA$60.07 Billion CA$3.37 Billion/day CA$- CA$37.54 Billion ▼ -624 days
2020 642 days CA$158.37 Billion CA$246.86 Million/day CA$- CA$139.74 Billion ▲ +228 days
2019 414 days CA$122.20 Billion CA$295.17 Million/day CA$- CA$102.47 Billion ▼ -8 days
2018 422 days CA$111.52 Billion CA$264.43 Million/day CA$- CA$94.61 Billion ▼ -24 days
2017 445 days CA$101.31 Billion CA$227.51 Million/day CA$- CA$90.72 Billion ▲ +370 days
2016 75 days CA$120.13 Billion CA$1.60 Billion/day CA$- CA$110.05 Billion ▼ -193 days
2015 268 days CA$66.36 Billion CA$247.24 Million/day CA$- CA$56.80 Billion ▼ -4865 days
2014 5133 days CA$87.15 Billion CA$16.98 Million/day CA$- CA$77.85 Billion ▲ +2398 days
2013 2736 days CA$79.54 Billion CA$29.07 Million/day CA$- CA$71.16 Billion ▼ -500 days
2012 3236 days CA$76.51 Billion CA$23.64 Million/day CA$- CA$67.37 Billion ▼ -199 days
2011 3435 days CA$77.49 Billion CA$22.56 Million/day CA$- CA$70.88 Billion ▲ +321 days
2010 3113 days CA$77.04 Billion CA$24.75 Million/day CA$- CA$69.44 Billion ▲ +735 days
2009 2378 days CA$76.69 Billion CA$32.24 Million/day CA$- CA$70.04 Billion ▲ +825 days
2008 1554 days CA$86.27 Billion CA$55.52 Million/day CA$- CA$71.83 Billion ▼ -1638 days
2007 3192 days CA$58.52 Billion CA$18.33 Million/day CA$- CA$51.87 Billion ▲ +1062 days
2006 2130 days CA$37.85 Billion CA$17.77 Million/day CA$- CA$32.45 Billion ▲ +1698 days
1998 432 days CA$2.65 Billion CA$6.13 Million/day CA$- CA$- ▲ +209 days
1993 223 days CA$1.26 Billion CA$5.67 Million/day CA$- CA$- —
DIR = (Cash + Short-term Investments + Net Receivables) / (Daily Cash Expenses)