Drone Destination (NSE:DRONE) Long-Term Capital Lease Obligation : ₹0.0 Mil (As of Mar. 2023)

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What is Drone Destination Long-Term Capital Lease Obligation?

Drone Destination's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2023 was ₹0.0 Mil.

Drone Destination Long-Term Capital Lease Obligation Historical Data

The historical data trend for Drone Destination's Long-Term Capital Lease Obligation 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 Long-Term Capital Lease Obligation Chart

Drone Destination Annual Data

Trend

Mar21

Mar22

Mar23

Long-Term Capital Lease Obligation

Drone Destination Semi-Annual Data
	Mar21	Mar22	Mar23
Long-Term Capital Lease Obligation	-	-	-

Drone Destination (NSE:DRONE) Long-Term Capital Lease Obligation Explanation

Long-Term Capital Lease Obligation are the amount due for long-term asset lease agreements that are nearly equivalent to asset purchases. Capital lease obligations are installment payments that constitute a payment of principal plus interest for the capital lease. The Short-Term Capital Lease Obligation is the portion of a Long-Term Capital Lease Obligation that is due over the next year.

Under US Generally Accepted Accounting Principles (GAAP), a capital lease is essentially equivalent to a purchase by the lessee if it meets the following criteria:

1. Ownership of the asset is transferred to the lessee at the end of the lease term;
2. The lease contains a bargain purchase option to buy the equipment at less than fair market value;
3. The lease term equals or exceeds 75% of the asset's estimated useful life;
4. The present value of the lease payments equals or exceeds 90% of the total original cost of the equipment.

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Drone Destination (NSE:DRONE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Education » Drone Destination Ltd (NSE:DRONE) » Definitions » Long-Term Capital Lease Obligation

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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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