Drone Destination (NSE:DRONE) Effective Interest Rate on Debt % : 6.10% (As of Mar. 2023)

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What is Drone Destination Effective Interest Rate on Debt %?

Effective Interest Rate on Debt % is the usage rate that a borrower actually pays on a debt. It is calculated as the positive value of Interest Expense divided by its average total debt. Total debt equals to Long-Term Debt & Capital Lease Obligation plus Short-Term Debt & Capital Lease Obligation. Drone Destination's annualized positive value of Interest Expense for the quarter that ended in Mar. 2023 was ₹0.9 Mil. Drone Destination's average total debt for the quarter that ended in Mar. 2023 was ₹15.5 Mil. Therefore, Drone Destination's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2023 was 6.10%.

Drone Destination Effective Interest Rate on Debt % Historical Data

The historical data trend for Drone Destination's Effective Interest Rate on 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.

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Drone Destination Effective Interest Rate on Debt % Chart

Drone Destination Annual Data

Trend

Mar21

Mar22

Mar23

Effective Interest Rate on Debt %

0.02

1.45

6.10

Drone Destination Semi-Annual Data
	Mar21	Mar22	Mar23
Effective Interest Rate on Debt %	0.02	1.45	6.10

Competitive Comparison of Drone Destination's Effective Interest Rate on Debt %

For the Education & Training Services subindustry, Drone Destination's Effective Interest Rate on Debt %, along with its competitors' market caps and Effective Interest Rate on 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.

Drone Destination's Effective Interest Rate on Debt % Distribution in the Education Industry

For the Education industry and Consumer Defensive sector, Drone Destination's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Drone Destination's Effective Interest Rate on Debt % falls into.

Drone Destination Effective Interest Rate on Debt % Calculation

Drone Destination's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Mar. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Mar. 2022 )	+	Total Debt (A: Mar. 2023 ))	/ count )
=	-1 * -0.947	/	( (15.108	+	15.917)	/ 2 )
=	-1 * -0.947	/	15.5125
=	6.10 %

where

	Total Debt (A: Mar. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	14.867	+	0.241
=	15.108

	Total Debt (A: Mar. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	10.332	+	5.585
=	15.917

Drone Destination's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Mar. 2022 )	+	Total Debt (Q: Mar. 2023 ))	/ count )
=	-1 * -0.947	/	( (15.108	+	15.917)	/ 2 )
=	-1 * -0.947	/	15.5125
=	6.10 %

where

	Total Debt (Q: Mar. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	14.867	+	0.241
=	15.108

	Total Debt (Q: Mar. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	10.332	+	5.585
=	15.917

In the calculation of annual Effective Interest Rate on Debt %, the Interest Expense of the last fiscal year and the average total debt over the fiscal year are used. In calculating the quarterly data, the Interest Expense data used here is one times the annual (Mar. 2023) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

Drone Destination (NSE:DRONE) Effective Interest Rate on Debt % Explanation

Effective Interest Rate on Debt % measures the usage rate that a borrower actually pays on a debt.

Drone Destination Effective Interest Rate on Debt % 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 » Effective Interest Rate on Debt %

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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