Drone Destination (NSE:DRONE) Debt-to-Equity : 0.09 (As of Mar. 2023)

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What is Drone Destination Debt-to-Equity?

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 Total Stockholders Equity for the quarter that ended in Mar. 2023 was ₹175.7 Mil. Drone Destination's debt to equity for the quarter that ended in Mar. 2023 was 0.09.

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 Drone Destination's Debt-to-Equity or its related term are showing as below:

NSE:DRONE' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.09 Med: 6.53 Max: 22.61
Current: 0.09

During the past 3 years, the highest Debt-to-Equity Ratio of Drone Destination was 22.61. The lowest was 0.09. And the median was 6.53.

NSE:DRONE's Debt-to-Equity is ranked better than
79.37% of 223 companies
in the Education industry
Industry Median: 0.35 vs NSE:DRONE: 0.09

Drone Destination Debt-to-Equity Historical Data

The historical data trend for Drone Destination'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.

Drone Destination Debt-to-Equity Chart

Drone Destination Annual Data

Trend

Mar21

Mar22

Mar23

Debt-to-Equity

22.61

6.53

0.09

Drone Destination Semi-Annual Data
	Mar21	Mar22	Mar23
Debt-to-Equity	22.61	6.53	0.09

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

For the Education & Training Services subindustry, Drone Destination'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.

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

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

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

Drone Destination Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Drone Destination's Debt to Equity Ratio for the fiscal year that ended in Mar. 2023 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
	=	(5.585	+	10.332)	/	175.734
	=	0.09

Drone Destination's Debt to Equity Ratio for the quarter that ended in Mar. 2023 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
	=	(5.585	+	10.332)	/	175.734
	=	0.09

Drone Destination (NSE:DRONE) 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.

Drone Destination Debt-to-Equity Related Terms

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

Drone Destination (NSE:DRONE) Business Description

Industry

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

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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