Drone Destination (NSE:DRONE) LT-Debt-to-Total-Asset : 0.04 (As of Mar. 2023)

View and export this data going back to 2023. Start your Free Trial

What is Drone Destination LT-Debt-to-Total-Asset?

LT Debt to Total Assets is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. It is calculated as a company's Long-Term Debt & Capital Lease Obligationdivide by its Total Assets. Drone Destination's long-term debt to total assests ratio for the quarter that ended in Mar. 2023 was 0.04.

Drone Destination's long-term debt to total assets ratio declined from Mar. 2021 (0.55) to Mar. 2023 (0.04). It may suggest that Drone Destination is progressively becoming less dependent on debt to grow their business.

Drone Destination LT-Debt-to-Total-Asset Historical Data

The historical data trend for Drone Destination's LT-Debt-to-Total-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.

* Premium members only.

Drone Destination LT-Debt-to-Total-Asset Chart

Drone Destination Annual Data

Trend

Mar21

Mar22

Mar23

LT-Debt-to-Total-Asset

0.55

0.53

0.04

Drone Destination Semi-Annual Data
	Mar21	Mar22	Mar23
LT-Debt-to-Total-Asset	0.55	0.53	0.04

Drone Destination LT-Debt-to-Total-Asset Calculation

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

LT Debt to Total Assets (A: Mar. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Mar. 2023 )	/	Total Assets (A: Mar. 2023 )
	=	10.332	/	235.933
	=	0.04

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

LT Debt to Total Assets (Q: Mar. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Mar. 2023 )	/	Total Assets (Q: Mar. 2023 )
	=	10.332	/	235.933
	=	0.04

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

LT Debt to Total Asset is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. A year-over-year decrease in this metric would suggest the company is progressively becoming less dependent on debt to grow their business.

Drone Destination LT-Debt-to-Total-Asset Related Terms

Thank you for viewing the detailed overview of Drone Destination's LT-Debt-to-Total-Asset 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 » LT-Debt-to-Total-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.

Drone Destination (NSE:DRONE) Headlines

No Headlines