Delta Property Fund Balance Sheet Health
Financial Health criteria checks 1/6
Delta Property Fund has a total shareholder equity of ZAR2.6B and total debt of ZAR4.0B, which brings its debt-to-equity ratio to 157%. Its total assets and total liabilities are ZAR6.8B and ZAR4.2B respectively. Delta Property Fund's EBIT is ZAR593.9M making its interest coverage ratio 1.3. It has cash and short-term investments of ZAR6.6M.
Key information
157.0%
Debt to equity ratio
R4.00b
Debt
| Interest coverage ratio | 1.3x |
| Cash | R6.59m |
| Equity | R2.55b |
| Total liabilities | R4.24b |
| Total assets | R6.79b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: DLT's short term assets (ZAR914.1M) do not cover its short term liabilities (ZAR4.0B).
Long Term Liabilities: DLT's short term assets (ZAR914.1M) exceed its long term liabilities (ZAR228.6M).
Debt to Equity History and Analysis
Debt Level: DLT's net debt to equity ratio (156.7%) is considered high.
Reducing Debt: DLT's debt to equity ratio has increased from 80.2% to 157% over the past 5 years.
Debt Coverage: DLT's debt is not well covered by operating cash flow (2.1%).
Interest Coverage: DLT's interest payments on its debt are not well covered by EBIT (1.3x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/26 15:36 |
| End of Day Share Price | 2024/12/24 00:00 |
| Earnings | 2024/08/31 |
| Annual Earnings | 2024/02/29 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Delta Property Fund Limited is covered by 3 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Nazeem Samsodien | Macquarie Research |
| Mahir Hamdulay | Macquarie Research |
| Ahmed Motara | Renaissance Capital |