Delta Credit SPV Balance Sheet Health
Financial Health criteria checks 4/6
Delta Credit SPV has a total shareholder equity of BGN2.2M and total debt of BGN13.8M, which brings its debt-to-equity ratio to 620.2%. Its total assets and total liabilities are BGN16.3M and BGN14.1M respectively. Delta Credit SPV's EBIT is BGN1.3M making its interest coverage ratio 1.2. It has cash and short-term investments of BGN13.8M.
Key information
620.2%
Debt to equity ratio
лв13.76m
Debt
Interest coverage ratio | 1.2x |
Cash | лв13.82m |
Equity | лв2.22m |
Total liabilities | лв14.10m |
Total assets | лв16.32m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: DLC's short term assets (BGN16.3M) exceed its short term liabilities (BGN3.6M).
Long Term Liabilities: DLC's short term assets (BGN16.3M) 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 137.6% to 620.2% over the past 5 years.
Debt Coverage: DLC's debt is well covered by operating cash flow (52.5%).
Interest Coverage: DLC's interest payments on its debt are not well covered by EBIT (1.2x coverage).