Delta Property Fund (JSE:DLT) LT-Debt-to-Total-Asset : 0.03 (As of Aug. 2024)

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What is Delta Property Fund LT-Debt-to-Total-Asset?

LT Debt to Total Assets is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. It is calculated as a company's Long-Term Debt & Capital Lease Obligationdivide by its Total Assets. Delta Property Fund's long-term debt to total assests ratio for the quarter that ended in Aug. 2024 was 0.03.

Delta Property Fund's long-term debt to total assets ratio declined from Aug. 2023 (0.20) to Aug. 2024 (0.03). It may suggest that Delta Property Fund is progressively becoming less dependent on debt to grow their business.

Delta Property Fund LT-Debt-to-Total-Asset Historical Data

The historical data trend for Delta Property Fund's LT-Debt-to-Total-Asset 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.

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Delta Property Fund LT-Debt-to-Total-Asset Chart

Delta Property Fund Annual Data

Trend

Feb15

Feb16

Feb17

Feb18

Feb19

Feb20

Feb21

Feb22

Feb23

Feb24

LT-Debt-to-Total-Asset

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0.11

0.10

0.17

0.14

0.08

Delta Property Fund Semi-Annual Data
	Feb15	Aug15	Feb16	Aug16	Feb17	Aug17	Feb18	Aug18	Feb19	Aug19	Feb20	Aug20	Feb21	Aug21	Feb22	Aug22	Feb23	Aug23	Feb24	Aug24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.14	0.14	0.20	0.08	0.03

Delta Property Fund LT-Debt-to-Total-Asset Calculation

Delta Property Fund's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Feb. 2024 is calculated as

LT Debt to Total Assets (A: Feb. 2024 )	=	Long-Term Debt & Capital Lease Obligation (A: Feb. 2024 )	/	Total Assets (A: Feb. 2024 )
	=	555.061	/	6876.731
	=	0.08

Delta Property Fund's Long-Term Debt to Total Asset Ratio for the quarter that ended in Aug. 2024 is calculated as

LT Debt to Total Assets (Q: Aug. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Aug. 2024 )	/	Total Assets (Q: Aug. 2024 )
	=	223.914	/	6791.593
	=	0.03

Delta Property Fund (JSE:DLT) LT-Debt-to-Total-Asset Explanation

LT Debt to Total Asset is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. A year-over-year decrease in this metric would suggest the company is progressively becoming less dependent on debt to grow their business.

Delta Property Fund LT-Debt-to-Total-Asset Related Terms

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Delta Property Fund Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Delta Property Fund Ltd (JSE:DLT) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

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Address

10 Muswell Road South, Postnet Suite 210, Private Bag X21, Silver Stream Office Park, Bryanston, Sandton, GT, ZAF, 2021

Website

https://www.deltafund.co.za

Delta Property Fund Ltd engages in long-term investment in rental-generating properties. The company operates through the following segments: head office; industrial; office sovereign; office other and retail. The firm generates its revenue mainly from the Office Sovereign segment. The portfolio of the company consists of large assets; single tenanted by the national government, provincial government, state-owned enterprises, and large blue chip corporates under long leases.

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