Delta (XZIM:DLTA.ZW) Debt-to-Equity : 0.11 (As of Mar. 2024)

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What is Delta Debt-to-Equity?

Delta's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ZWG19.4 Mil. Delta's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ZWG4.3 Mil. Delta's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ZWG225.2 Mil. Delta's debt to equity for the quarter that ended in Mar. 2024 was 0.11.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

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

XZIM:DLTA.ZW' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.11 Med: 0.13 Max: 0.2
Current: 0.11

During the past 13 years, the highest Debt-to-Equity Ratio of Delta was 0.20. The lowest was 0.11. And the median was 0.13.

XZIM:DLTA.ZW's Debt-to-Equity is not ranked
in the Beverages - Alcoholic industry.
Industry Median: 0.42 vs XZIM:DLTA.ZW: 0.11

Delta Debt-to-Equity Historical Data

The historical data trend for Delta's Debt-to-Equity 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.

* Premium members only.

Delta Debt-to-Equity Chart

Delta Annual Data

Trend

Mar12

Mar13

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar23

Mar24

Debt-to-Equity

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0.13

0.11

0.20

N/A

0.11

Delta Semi-Annual Data
	Mar09	Mar10	Mar11	Mar12	Mar13	Mar14	Mar15	Mar16	Mar17	Mar18	Mar19	Mar23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial								0.13	0.11	0.20	N/A	0.11

Competitive Comparison of Delta's Debt-to-Equity

For the Beverages - Brewers subindustry, Delta's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity 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's Debt-to-Equity Distribution in the Beverages - Alcoholic Industry

For the Beverages - Alcoholic industry and Consumer Defensive sector, Delta's Debt-to-Equity distribution charts can be found below:

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

Delta Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Delta's Debt to Equity Ratio for the fiscal year that ended in Mar. 2024 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(19.439	+	4.25)	/	225.242
	=	0.11

Delta's Debt to Equity Ratio for the quarter that ended in Mar. 2024 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(19.439	+	4.25)	/	225.242
	=	0.11

Delta (XZIM:DLTA.ZW) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.

Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.

Delta Debt-to-Equity Related Terms

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

Delta Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Alcoholic » Delta Corp Ltd (XZIM:DLTA.ZW) » Definitions » Debt-to-Equity

Traded in Other Exchanges

N/A

Address

Sable House, Northridge Park, P.O. Box: BW 294, Northridge Close, Borrowdale, Harare, ZWE

Website

https://www.delta.co.zw

Delta Corp Ltd is principally an integrated beverage company. The firm manufactures and distributes beverages in Zimbabwe. The company operates through Lager Beer, Sparkling Beverages, Wines and Spirits and Sorghum Beer segments. The lager Beer segment manufactures and distributes lager beer (malt and sorghum-based clear beers). Sparkling Beverages segment trades in carbonated soft drinks and alternative non-alcoholic beverages, Wines and Spirits manufactures and distributes wines and spirits and the Sorghum Beer segment manufactures and sells sorghum-based opaque beer.

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