Delta Credit SPV Balance Sheet Health
Financial Health criteria checks 4/6
Delta Credit SPV has a total shareholder equity of BGN2.9M and total debt of BGN11.4M, which brings its debt-to-equity ratio to 393.9%. Its total assets and total liabilities are BGN14.6M and BGN11.7M respectively. Delta Credit SPV's EBIT is BGN1.8M making its interest coverage ratio 1.9. It has cash and short-term investments of BGN12.7M.
Key information
393.9%
Debt to equity ratio
лв11.44m
Debt
| Interest coverage ratio | 1.9x |
| Cash | лв12.68m |
| Equity | лв2.90m |
| Total liabilities | лв11.66m |
| Total assets | лв14.56m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: DLC's short term assets (BGN14.6M) exceed its short term liabilities (BGN1.1M).
Long Term Liabilities: DLC's short term assets (BGN14.6M) exceed its long term liabilities (BGN10.5M).
Debt to Equity History and Analysis
Debt Level: DLC has more cash than its total debt.
Reducing Debt: DLC's debt to equity ratio has increased from 140.5% to 393.9% over the past 5 years.
Debt Coverage: DLC's debt is well covered by operating cash flow (61.6%).
Interest Coverage: DLC's interest payments on its debt are not well covered by EBIT (1.9x coverage).