Drone Destination (NSE:DRONE) Cash-to-Debt : 6.46 (As of Mar. 2023)

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What is Drone Destination 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. Drone Destination's cash to debt ratio for the quarter that ended in Mar. 2023 was 6.46.

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, Drone Destination could pay off its debt using the cash in hand for the quarter that ended in Mar. 2023.

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

NSE:DRONE' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.17 Med: 0.27 Max: 6.46
Current: 6.46

During the past 3 years, Drone Destination's highest Cash to Debt Ratio was 6.46. The lowest was 0.17. And the median was 0.27.

NSE:DRONE's Cash-to-Debt is ranked better than
71.59% of 264 companies
in the Education industry
Industry Median: 1.265 vs NSE:DRONE: 6.46

Drone Destination Cash-to-Debt Historical Data

The historical data trend for Drone Destination'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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Drone Destination Cash-to-Debt Chart

Drone Destination Annual Data

Trend

Mar21

Mar22

Mar23

Cash-to-Debt

0.17

0.27

6.46

Drone Destination Semi-Annual Data
	Mar21	Mar22	Mar23
Cash-to-Debt	0.17	0.27	6.46

Competitive Comparison of Drone Destination's Cash-to-Debt

For the Education & Training Services subindustry, Drone Destination'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.

Drone Destination's Cash-to-Debt Distribution in the Education Industry

For the Education industry and Consumer Defensive sector, Drone Destination's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Drone Destination's Cash-to-Debt falls into.

Drone Destination 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.

Drone Destination's Cash to Debt Ratio for the fiscal year that ended in Mar. 2023 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)
	=	102.892	/	(5.585	+	10.332)
	=	6.46

Drone Destination's Cash to Debt Ratio for the quarter that ended in Mar. 2023 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)
	=	102.892	/	(5.585	+	10.332)
	=	6.46

Drone Destination (NSE:DRONE) 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.

Drone Destination Cash-to-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 » Cash-to-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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