Delta Balance Sheet Health
Financial Health criteria checks 6/6
Delta has a total shareholder equity of ZWL1,071.7B and total debt of ZWL44.6B, which brings its debt-to-equity ratio to 4.2%. Its total assets and total liabilities are ZWL2,208.1B and ZWL1,136.4B respectively. Delta's EBIT is ZWL346.5B making its interest coverage ratio -20.1. It has cash and short-term investments of ZWL49.5B.
Key information
4.2%
Debt to equity ratio
Z$44.64b
Debt
Interest coverage ratio | -20.1x |
Cash | Z$49.53b |
Equity | Z$1.07t |
Total liabilities | Z$1.14t |
Total assets | Z$2.21t |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: DLTA's short term assets (ZWL1,062.4B) exceed its short term liabilities (ZWL989.6B).
Long Term Liabilities: DLTA's short term assets (ZWL1,062.4B) exceed its long term liabilities (ZWL146.8B).
Debt to Equity History and Analysis
Debt Level: DLTA has more cash than its total debt.
Reducing Debt: DLTA's debt to equity ratio has reduced from 8.9% to 4.2% over the past 5 years.
Debt Coverage: DLTA's debt is well covered by operating cash flow (262.1%).
Interest Coverage: DLTA earns more interest than it pays, so coverage of interest payments is not a concern.