Delta Israel Brands (XTAE:DLTI) Cash-to-Debt : 0.98 (As of Mar. 2024)

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What is Delta Israel Brands Cash-to-Debt?

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. Delta Israel Brands's cash to debt ratio for the quarter that ended in Mar. 2024 was 0.98.

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, Delta Israel Brands couldn't pay off its debt using the cash in hand for the quarter that ended in Mar. 2024.

The historical rank and industry rank for Delta Israel Brands's Cash-to-Debt or its related term are showing as below:

XTAE:DLTI' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.93 Med: 1.25 Max: 1.47
Current: 0.98

During the past 6 years, Delta Israel Brands's highest Cash to Debt Ratio was 1.47. The lowest was 0.93. And the median was 1.25.

XTAE:DLTI's Cash-to-Debt is ranked better than
63.47% of 1032 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 0.48 vs XTAE:DLTI: 0.98

Delta Israel Brands Cash-to-Debt Historical Data

The historical data trend for Delta Israel Brands'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.

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Delta Israel Brands Cash-to-Debt Chart

Delta Israel Brands Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

Get a 7-Day Free Trial

1.47

1.42

0.93

Delta Israel Brands Quarterly Data
	Dec18	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Cash-to-Debt	Get a 7-Day Free Trial														1.33	1.15	1.05	0.93	0.98

Competitive Comparison of Delta Israel Brands's Cash-to-Debt

For the Apparel Manufacturing subindustry, Delta Israel Brands'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.

Delta Israel Brands's Cash-to-Debt Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Delta Israel Brands's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Delta Israel Brands's Cash-to-Debt falls into.

Delta Israel Brands Cash-to-Debt Calculation

This is the ratio of a company's Cash, Cash Equivalents, Marketable Securities to its debt. The debt includes the Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation. This ratio measures the financial strength of a company. This ratio is updated quarterly.

Delta Israel Brands's Cash to Debt Ratio for the fiscal year that ended in Dec. 2023 is calculated as:

Cash to Debt Ratio	=	Cash, Cash Equivalents, Marketable Securities	/	Total Debt
	=	Cash, Cash Equivalents, Marketable Securities	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	346.909	/	(74.367	+	299.097)
	=	0.93

Delta Israel Brands's Cash to Debt Ratio for the quarter that ended in Mar. 2024 is calculated as:

Cash to Debt Ratio	=	Cash, Cash Equivalents, Marketable Securities	/	Total Debt
	=	Cash, Cash Equivalents, Marketable Securities	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	356.658	/	(73.302	+	292.569)
	=	0.97

Delta Israel Brands (XTAE:DLTI) Cash-to-Debt Explanation

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.

Delta Israel Brands Cash-to-Debt Related Terms

Thank you for viewing the detailed overview of Delta Israel Brands's Cash-to-Debt provided by GuruFocus.com. Please click on the following links to see related term pages.

Delta Israel Brands (XTAE:DLTI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Delta Israel Brands Ltd (XTAE:DLTI) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

45 Ha’Eshel Street, Southern Industrial Zone, Caesarea, ISR, 30889

Website

https://www.deltagalil.com

Delta Israel Brands Ltd is the operational division of the local Delta brand, Israel's leading innerwear and activewear brand for men, women, and children. The division is responsible for the development, design, and marketing of the flagship 'Delta' brand for all ages, and 'Fix', the popular young adult brand. Its products are sold across the country in the company's branded shops and in all major retail chains and department stores.