Delta Property Fund Balance Sheet Health
Financial Health criteria checks 1/6
Delta Property Fund has a total shareholder equity of ZAR2.5B and total debt of ZAR4.1B, which brings its debt-to-equity ratio to 162.8%. Its total assets and total liabilities are ZAR6.9B and ZAR4.4B respectively. Delta Property Fund's EBIT is ZAR589.5M making its interest coverage ratio 1.3. It has cash and short-term investments of ZAR16.2M.
Key information
162.8%
Debt to equity ratio
R4.10b
Debt
| Interest coverage ratio | 1.3x |
| Cash | R16.19m |
| Equity | R2.52b |
| Total liabilities | R4.36b |
| Total assets | R6.88b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: DLT's short term assets (ZAR1.4B) do not cover its short term liabilities (ZAR3.8B).
Long Term Liabilities: DLT's short term assets (ZAR1.4B) exceed its long term liabilities (ZAR557.9M).
Debt to Equity History and Analysis
Debt Level: DLT's net debt to equity ratio (162.1%) is considered high.
Reducing Debt: DLT's debt to equity ratio has increased from 105.8% to 162.8% over the past 5 years.
Debt Coverage: DLT's debt is not well covered by operating cash flow (2.7%).
Interest Coverage: DLT's interest payments on its debt are not well covered by EBIT (1.3x coverage).