Delta Property Fund Balance Sheet Health
Financial Health criteria checks 1/6
Delta Property Fund has a total shareholder equity of ZAR2.7B and total debt of ZAR4.2B, which brings its debt-to-equity ratio to 158.3%. Its total assets and total liabilities are ZAR7.2B and ZAR4.5B respectively. Delta Property Fund's EBIT is ZAR572.0M making its interest coverage ratio 1.2. It has cash and short-term investments of ZAR20.6M.
Key information
158.3%
Debt to equity ratio
R4.20b
Debt
Interest coverage ratio | 1.2x |
Cash | R20.62m |
Equity | R2.65b |
Total liabilities | R4.50b |
Total assets | R7.15b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: DLT's short term assets (ZAR1.7B) do not cover its short term liabilities (ZAR3.1B).
Long Term Liabilities: DLT's short term assets (ZAR1.7B) exceed its long term liabilities (ZAR1.4B).
Debt to Equity History and Analysis
Debt Level: DLT's net debt to equity ratio (157.5%) is considered high.
Reducing Debt: DLT's debt to equity ratio has increased from 74.3% to 158.3% over the past 5 years.
Debt Coverage: DLT's debt is not well covered by operating cash flow (3%).
Interest Coverage: DLT's interest payments on its debt are not well covered by EBIT (1.2x coverage).