Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
Spartan DeltaDALXF +1.30%44 Cash-to-Debt is 0.80 as of Jun. 2026, which is 186% above its 10-year median of 0.28. GuruFocus rates DALXF with a GF Score™ of 44/100 and a GF Value™ of $3.67 (Significantly Overvalued). The stock has 5 warning signs investors should review. Among 989 Oil & Gas companies, Spartan Delta ranks worse than 77.96% on this metric.
Cash to Debt Ratio measures the financial strength of a company. It is calculated as a company's cash, cash equivalents, and marketable securities divide by its debt. Spartan Delta's cash to debt ratio for the quarter that ended in Jun. 2026 was 0.80.
If Cash to Debt ratio is less than 1, the company cannot pay off its debt using the cash in hand. Here we can see, Spartan Deltacouldn't pay off its debt using the cash in hand for the quarter that ended in Jun. 2026.
The historical rank and industry rank for Spartan Delta's Cash-to-Debt or its related term are showing as below:
DALXF'
s Cash-to-Debt Range Over the Past 10 Years
Min: 0 Med: 0.28 Max: No Debt
Current: 0.13
During the past 13 years, Spartan Delta's highest Cash to Debt Ratio was No Debt. The lowest was 0.00. And the median was 0.28.
DALXF's Cash-to-Debt is ranked worse than 77.96% of 989
companies
in the Oil & Gas industry
Industry Median: 0.56
vs DALXF: 0.13
If Cash to Debt ratio is greater than 1, the company can pay off its debt using the cash in hand. If it is smaller than 1, it means the company has more debt than the cash in hands. In this case, it is important to look the the company's Interest Coverage. Ben Graham requires that a company must have an Interest Coverage of at least 5.
Spartan Delta Cash-to-Debt Related Terms
Spartan Delta Cash-to-Debt Historical Data
* Premium members only.
The historical data trend for Spartan Delta's Cash-to-Debt can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Note: An indication of "No Debt" does not necessarily mean that the company has no debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.
For the Oil & Gas E&P subindustry, Spartan Delta's Cash-to-Debt, along with its competitors' market caps and Cash-to-Debt data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Spartan Delta Cash-to-Debt vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Spartan Delta's Cash-to-Debt distribution charts can be found below:
* The bar in red indicates where Spartan Delta's Cash-to-Debt falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Spartan Delta (DALXF) has a Cash-to-Debt of 0.80 as of Jun. 2026. This is 186% above median its historical median of 0.28. According to the industry distribution chart, Spartan Delta ranks #771 out of 989 companies in the Oil & Gas industry, placing it in the top 78%.
Is Spartan Delta's Cash-to-Debt too high?
Spartan Delta's current Cash-to-Debt of 0.80 is 186% above median its 10-year median of 0.28. The Oil & Gas industry median Cash-to-Debt is 0.56. Spartan Delta's value of 0.80 is 42.9% above this industry median. Based on the distribution chart, Spartan Delta ranks #771 out of 989 companies in the Oil & Gas industry, which is in the bottom quartile relative to peers. Overall, Spartan Delta has a GF Score™ of 44/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Spartan Delta's Cash-to-Debt compare to COP and EOG?
According to the Oil & Gas industry distribution chart, Spartan Delta ranks #771 out of 989 companies for Cash-to-Debt. This places Spartan Delta in the lower half of its industry. The industry median Cash-to-Debt is 0.56. Spartan Delta's value of 0.80 is 42.9% above this benchmark. While the company's 10-year median is 0.28 vs. the industry median of 0.56, Spartan Delta has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cash-to-Debt for an Oil & Gas company?
The median Cash-to-Debt among Oil & Gas companies is 0.56, based on 989 companies in the industry. Companies in the top quartile (top 25%) have a Cash-to-Debt significantly above this median, while those in the bottom quartile fall well below. However, Cash-to-Debt should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Spartan Delta's current Cash-to-Debt of 0.80 is 42.9% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cash-to-Debt mean?
A high Cash-to-Debt can signal that a stock is expensive relative to its fundamentals. For the Oil & Gas industry, the median Cash-to-Debt is 0.56 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Spartan Delta's current Cash-to-Debt is 0.80, which is 186% above median its own 10-year median of 0.28. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Spartan Delta stock overvalued right now?
Based on GuruFocus' analysis, Spartan Delta (DALXF) is currently considered Significantly Overvalued. The stock's GF Value™ is $3.67, compared to a current price of $9.38 — trading 155.6% above its estimated fair value. The current Cash-to-Debt is 0.80, which is 186% above median its 10-year median of 0.28 and 42.9% above the Oil & Gas industry median of 0.56. Spartan Delta's overall GF Score™ is 44/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cash-to-Debt calculated?
Cash-to-Debt is calculated from a company's financial statements. For Spartan Delta (DALXF), the current Cash-to-Debt is 0.80 as of Jun. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Spartan Delta (DALXF) Overvalued in 2026?
Based on GuruFocus' analysis, Spartan Delta stock appears to be overvalued.
The current stock price of $9.38 is trading 155.6% above its estimated GF Value™ of $3.67.
GuruFocus considers Spartan Delta to be Significantly Overvalued.
Key valuation signals for DALXF:
Cash-to-Debt: 0.80 (186% above median its 10-year median of 0.28)
GF Value™: $3.67 vs. price of $9.38 (155.6% above fair value)
Industry Position: 42.9% above the Oil & Gas median (#771 of 989)
No single metric tells the full story. See the DALXF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Spartan Delta Corp is an oil and gas exploration and production company. The company is engaged in the exploration, development, and production of crude oil and natural gas properties in western Canada. The company operates and focuses its activities in west central Alberta, the Deep Basin and in the West Shale Basin Duvernay. It is a differentiated energy company whose ESG-focused culture is centered on generating sustainable free cash flow through oil and gas exploration and development.
44GF Score
Get the complete analysis for DALXF
Cash-to-Debt is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
DALXF has been successfully added to your 
