Droneacharya Aerial Innovations (BOM:543713) Cash-to-Debt : 23.51 (As of Mar. 2024)

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What is Droneacharya Aerial Innovations Cash-to-Debt?

Cash to Debt Ratio measures the financial strength of a company. It is calculated as a company's cash, cash equivalents, and marketable securities divide by its debt. Droneacharya Aerial Innovations's cash to debt ratio for the quarter that ended in Mar. 2024 was 23.51.

If Cash to Debt ratio is greater than 1, the company can pay off its debt using the cash in hand. Here we can see, Droneacharya Aerial Innovations could pay off its debt using the cash in hand for the quarter that ended in Mar. 2024.

The historical rank and industry rank for Droneacharya Aerial Innovations's Cash-to-Debt or its related term are showing as below:

BOM:543713' s Cash-to-Debt Range Over the Past 10 Years
Min: 1.32 Med: 26.41 Max: No Debt
Current: 23.51

During the past 5 years, Droneacharya Aerial Innovations's highest Cash to Debt Ratio was No Debt. The lowest was 1.32. And the median was 26.41.

BOM:543713's Cash-to-Debt is ranked better than
84.5% of 2477 companies
in the Hardware industry
Industry Median: 1.32 vs BOM:543713: 23.51

Droneacharya Aerial Innovations Cash-to-Debt Historical Data

The historical data trend for Droneacharya Aerial Innovations's Cash-to-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.

Note: An indication of "No Debt" does not necessarily mean that the company has no debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.

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Droneacharya Aerial Innovations Cash-to-Debt Chart

Droneacharya Aerial Innovations Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

Mar24

Cash-to-Debt

1.32

92.61

26.41

No Debt

23.51

Droneacharya Aerial Innovations Semi-Annual Data
	Mar20	Mar21	Mar22	Sep22	Mar23	Sep23	Mar24
Cash-to-Debt	Get a 7-Day Free Trial			26.41	N/A	No Debt	No Debt	23.51

Competitive Comparison of Droneacharya Aerial Innovations's Cash-to-Debt

For the Computer Hardware subindustry, Droneacharya Aerial Innovations's Cash-to-Debt, along with its competitors' market caps and Cash-to-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.

Droneacharya Aerial Innovations's Cash-to-Debt Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Droneacharya Aerial Innovations's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Droneacharya Aerial Innovations's Cash-to-Debt falls into.

Droneacharya Aerial Innovations Cash-to-Debt Calculation

This is the ratio of a company's Cash, Cash Equivalents, Marketable Securities to its debt. The debt includes the Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation. This ratio measures the financial strength of a company. This ratio is updated quarterly.

Droneacharya Aerial Innovations's Cash to Debt Ratio for the fiscal year that ended in Mar. 2024 is calculated as:

Cash to Debt Ratio	=	Cash, Cash Equivalents, Marketable Securities	/	Total Debt
	=	Cash, Cash Equivalents, Marketable Securities	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	42.995	/	(0	+	1.829)
	=	23.51

Droneacharya Aerial Innovations's Cash to Debt Ratio for the quarter that ended in Mar. 2024 is calculated as:

Cash to Debt Ratio	=	Cash, Cash Equivalents, Marketable Securities	/	Total Debt
	=	Cash, Cash Equivalents, Marketable Securities	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	42.995	/	(0	+	1.829)
	=	23.51

Droneacharya Aerial Innovations (BOM:543713) Cash-to-Debt Explanation

If Cash to Debt ratio is greater than 1, the company can pay off its debt using the cash in hand. If it is smaller than 1, it means the company has more debt than the cash in hands. In this case, it is important to look the the company's Interest Coverage. Ben Graham requires that a company must have an Interest Coverage of at least 5.

Droneacharya Aerial Innovations Cash-to-Debt Related Terms

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Droneacharya Aerial Innovations (BOM:543713) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Droneacharya Aerial Innovations Ltd (BOM:543713) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

New No. 51, (Old No.14) Richmond Road, Cabin No. - 10, 5th Floor, IndiQube Penta, Bangalore, KA, IND, 560025

Website

https://www.droneacharya.com

Droneacharya Aerial Innovations Ltd provides high-end ecosystem of Drone solutions for multi-sensor Drone surveys, data processing of Drone data using robust high configuration workstations, The main operations of the company are Imparting the Drone operation Training, Drone supply and Maintenance services , Management Consultancy and training services. Drone pilot training & specialized GIS training. The company's offerings can be classified into four broad categories namely, Training, Services, Surveillance and others.

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