Tien Phong Securities Corp (ORS) — Defensive Interval Ratio

Latest as of June 2026: 1009 days

Tien Phong Securities Corp (ORS) has a Defensive Interval Ratio of 1009 days as of June 2026. Defensive assets of ₫12.34 Trillion (cash ₫-, short-term investments ₫7.13 Trillion, receivables ₫5.21 Trillion) cover 1009 days of daily cash needs of ₫12.23 Billion/day.

Defensive Interval Ratio

1009 days
Days of operational coverage

Defensive Assets

₫12.34 Trillion
Cash + ST Investments + Receivables

Daily Cash Need

₫12.23 Billion
Current Liabilities ÷ 365

Current Liabilities

₫4.46 Trillion
VND

Tien Phong Securities Corp Defensive Interval Ratio (2019–2025)

This chart shows how Tien Phong Securities Corp's Defensive Interval Ratio has evolved across 7 annual periods from 2019 to 2025. As of June 2026, the ratio stands at 1009 days, meaning defensive assets of ₫12.34 Trillion can fund 1009 days of operations without new revenue. For the complete balance sheet picture, see Tien Phong Securities Corp asset portfolio.

Annual Defensive Interval Ratio for Tien Phong Securities Corp (2019–2025)

The table below presents the year-by-year Defensive Interval Ratio for Tien Phong Securities Corp from 2019 to 2025, covering 7 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 Tien Phong Securities Corp short-term liquidity ratio to evaluate short-term liquidity relative to the company's equity base.

Year DIR (days) Defensive Assets (VND) Daily Cash Need Cash ST Investments Change (days)
2025 1036 days ₫6.72 Trillion ₫6.48 Billion/day ₫- ₫3.37 Trillion ▲ +380 days
2024 656 days ₫7.69 Trillion ₫11.72 Billion/day ₫- ₫6.04 Trillion ▼ -558 days
2023 1214 days ₫4.64 Trillion ₫3.82 Billion/day ₫- ₫2.43 Trillion ▼ -237 days
2022 1450 days ₫5.57 Trillion ₫3.84 Billion/day ₫- ₫1.80 Trillion ▼ -1373 days
2021 2824 days ₫4.57 Trillion ₫1.62 Billion/day ₫- ₫2.17 Trillion ▲ +1880 days
2020 944 days ₫513.93 Billion ₫544.52 Million/day ₫- ₫450.49 Billion ▲ +626 days
2019 318 days ₫49.06 Billion ₫154.48 Million/day ₫- ₫- —
DIR = (Cash + Short-term Investments + Net Receivables) / (Daily Cash Expenses)