Drone Destination (NSE:DRONE) Debt-to-Asset : 0.07 (As of Mar. 2023)

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What is Drone Destination Debt-to-Asset?

Drone Destination's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2023 was ₹5.6 Mil. Drone Destination's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2023 was ₹10.3 Mil. Drone Destination's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Mar. 2023 was ₹235.9 Mil. Drone Destination's debt to asset for the quarter that ended in Mar. 2023 was 0.07.

Drone Destination Debt-to-Asset Historical Data

The historical data trend for Drone Destination's Debt-to-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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Drone Destination Debt-to-Asset Chart

Drone Destination Annual Data

Trend

Mar21

Mar22

Mar23

Debt-to-Asset

0.57

0.54

0.07

Drone Destination Semi-Annual Data
	Mar21	Mar22	Mar23
Debt-to-Asset	0.57	0.54	0.07

Competitive Comparison of Drone Destination's Debt-to-Asset

For the Education & Training Services subindustry, Drone Destination's Debt-to-Asset, along with its competitors' market caps and Debt-to-Asset 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.

Drone Destination's Debt-to-Asset Distribution in the Education Industry

For the Education industry and Consumer Defensive sector, Drone Destination's Debt-to-Asset distribution charts can be found below:

* The bar in red indicates where Drone Destination's Debt-to-Asset falls into.

Drone Destination Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

Drone Destination's Debt-to-Asset for the fiscal year that ended in Mar. 2023 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(5.585	+	10.332)	/	235.933
	=	0.07

Drone Destination's Debt-to-Asset for the quarter that ended in Mar. 2023 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(5.585	+	10.332)	/	235.933
	=	0.07

Drone Destination (NSE:DRONE) Debt-to-Asset Explanation

In the calculation of Debt-to-Asset, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Assets.

Drone Destination Debt-to-Asset Related Terms

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Drone Destination (NSE:DRONE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Education » Drone Destination Ltd (NSE:DRONE) » Definitions » Debt-to-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

C-13, Ground Floor, Panchsheel Enclave, Delhi, IND, 110017

Website

https://www.thedronedestination.com

Drone Destination Ltd is a DGCA-authorized Remote Pilot Training Organization that has developed an integrated drone eco-system built around drone manufacturing, certified training, services, and renting a drone. The company operates the largest network of DGCA-certified Drone Pilot Training Programs. Drone Destination currently operates nine Drone Hubs at Gurugram, Dharamshala, Chandigarh, Gwalior, Ahmedabad, Bangalore, Coimbatore, Madurai and IFFCO Phulpur.

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