Drone Destination (NSE:DRONE) Interest Expense : ₹ Mil (TTM As of Mar. 2023)

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What is Drone Destination Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Drone Destination's interest expense for the six months ended in Mar. 2023 was ₹ -0.9 Mil. Drone Destination does not have enough years/quarters to calculate its interest expense for the trailing twelve months (TTM) ended in Mar. 2023.

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income(EBIT) by its Interest Expense. Drone Destination's Operating Income for the six months ended in Mar. 2023 was ₹ 35.3 Mil. Drone Destination's Interest Expense for the six months ended in Mar. 2023 was ₹ -0.9 Mil. Drone Destination's Interest Coverage for the quarter that ended in Mar. 2023 was 37.33. The higher the ratio, the stronger the company's financial strength is. Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Drone Destination Interest Expense Historical Data

The historical data trend for Drone Destination's Interest Expense 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 Interest Expense Chart

Drone Destination Annual Data

Trend

Mar21

Mar22

Mar23

Interest Expense

-0.15

-0.95

Drone Destination Semi-Annual Data
	Mar21	Mar22	Mar23
Interest Expense	-	-0.15	-0.95

Drone Destination Interest Expense Calculation

Interest Expense is the amount reported by a company or individual as an expense for borrowed money.

Drone Destination (NSE:DRONE) Interest Expense Explanation

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Drone Destination's Interest Expense for the six months ended in Mar. 2023 was ₹-0.9 Mil. Its Operating Income for the six months ended in Mar. 2023 was ₹35.3 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Mar. 2023 was ₹10.3 Mil.

Drone Destination's Interest Coverage for the quarter that ended in Mar. 2023 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Mar. 2023 )	/	Interest Expense (Q: Mar. 2023 )
	=	-1	*	35.349	/	-0.947
	=	37.33

The higher the ratio, the stronger the company's financial strength is.

Drone Destination (NSE:DRONE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Education » Drone Destination Ltd (NSE:DRONE) » Definitions » Interest Expense

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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