Draganfly Investments (LSE:DRG) Interest Coverage: No Debt (1) (As of Oct. 2017) — 100% Below Median


What is Draganfly Investments Interest Coverage?

Draganfly Investments LSE:DRG Interest Coverage is No Debt (1) as of Oct. 2017, which is 100% below its 10-year median of 10,000.00. The stock has 5 warning signs investors should review.

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 by its Interest Expense. Draganfly Investments's Operating Income for the six months ended in Oct. 2017 was £-0.20 Mil. Draganfly Investments's Interest Expense for the six months ended in Oct. 2017 was £0.00 Mil. Draganfly Investments has no debt. The higher the ratio, the stronger the company's financial strength is.

Good Sign:

Draganfly Investments Ltd has no debt.

(1) Note: For Interest Coverage, "No debt" indicates no long-term debt. An indication of "No Debt" does not necessarily mean that the company has no long-term debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.

The historical rank and industry rank for Draganfly Investments's Interest Coverage or its related term are showing as below:

LSE:DRG' s Interest Coverage Range Over the Past 10 Years
Min: No Debt   Med: No Debt   Max: No Debt
Current: No Debt

LSE:DRG's Interest Coverage is not ranked
in the Asset Management industry.
Industry Median: 42.97 vs LSE:DRG: No Debt

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

Draganfly Investments  (LSE:DRG) Interest Coverage Explanation

Ben Graham requires that a company has a minimum interest coverage of 5 with the companies he invested. If the interest coverage is less than 2, the company is burdened by debt. Any business slow or recession may drag the company into a situation where it cannot pay the interest on its debt.

Interest Coverage is an important factor when GuruFocus ranks a company's overage Financial Strength .

Draganfly Investments Interest Coverage Related Terms

Draganfly Investments Interest Coverage Historical Data

* Premium members only.

The historical data trend for Draganfly Investments's Interest Coverage 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: For Interest Coverage, "No debt" indicates no long-term debt. An indication of "No Debt" does not necessarily mean that the company has no long-term debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.

Draganfly Investments Interest Coverage Chart

Draganfly Investments Annual Data
Trend Apr08 Apr09 Apr10 Apr11 Apr12 Apr13 Apr14 Apr15 Apr16 Apr17
Interest Coverage
Get a 7-Day Free Trial Premium Member Only Premium Member Only No Debt No Debt No Debt No Debt No Debt

Draganfly Investments Semi-Annual Data
Oct09 Apr10 Oct10 Apr11 Oct11 Apr12 Oct12 Apr13 Oct13 Apr14 Oct14 Apr15 Oct15 Apr16 Oct16 Apr17 Oct17
Interest Coverage Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only No Debt No Debt No Debt No Debt No Debt

Draganfly Investments Interest Coverage Competitor Comparison

For the Asset Management subindustry, Draganfly Investments's Interest Coverage, along with its competitors' market caps and Interest Coverage 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.

Draganfly Investments Interest Coverage vs Asset Management Industry

For the Asset Management industry and Financial Services sector, Draganfly Investments's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Draganfly Investments's Interest Coverage falls into.


Draganfly Investments Interest Coverage Calculation

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:

If Interest Expense is negative and Operating Income is positive, then

Interest Coverage=-1* Operating Income /Interest Expense

Else if Interest Expense is negative and Operating Income is negative, then

The company did not have earnings to cover the interest expense.

Else if Interest Expense is 0 and Long-Term Debt & Capital Lease Obligation is 0, then

The company had no debt (1).


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

Draganfly Investments's Interest Coverage for the fiscal year that ended in Apr. 2017 is calculated as

Here, for the fiscal year that ended in Apr. 2017, Draganfly Investments's Interest Expense was £0.00 Mil. Its Operating Income was £-0.09 Mil. And its Long-Term Debt & Capital Lease Obligation was £0.00 Mil.

Draganfly Investments had no debt (1).

Draganfly Investments's Interest Coverage for the quarter that ended in Oct. 2017 is calculated as

Here, for the six months ended in Oct. 2017, Draganfly Investments's Interest Expense was £0.00 Mil. Its Operating Income was £-0.20 Mil. And its Long-Term Debt & Capital Lease Obligation was £0.00 Mil.

Draganfly Investments had no debt (1).

* 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.

The higher the ratio, the stronger the company's Financial Strength is.

Frequently Asked Questions Learn more about Interest Coverage →
What does a Interest Coverage of No Debt <sup>(1)</sup> mean?
Draganfly Investments (LSE:DRG) has a Interest Coverage of No Debt (1) as of Oct. 2017. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on Draganfly Investments and its competitors. This is 100% below median its historical median of 10,000.00. Over the past decade, Draganfly Investments' Interest Coverage has ranged from 10,000.00 to 10,000.00.
Is Draganfly Investments' Interest Coverage too high?
Draganfly Investments' current Interest Coverage of No Debt (1) is 100% below median its 10-year median of 10,000.00. Over the past 10 years, this metric has ranged from a low of 10,000.00 to a high of 10,000.00.
How does Draganfly Investments' Interest Coverage compare to competitors?
Draganfly Investments' Interest Coverage of No Debt (1) can be compared against companies in the Asset Management industry. The industry median Interest Coverage is 42.97. Historically, Draganfly Investments' own Interest Coverage has ranged from 10,000.00 to 10,000.00 over the past decade. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Interest Coverage for an Asset Management company?
The median Interest Coverage among Asset Management companies is 42.97, based on 475 companies in the industry. Companies in the top quartile (top 25%) have a Interest Coverage significantly above this median, while those in the bottom quartile fall well below. However, Interest Coverage should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Interest Coverage mean?
A high Interest Coverage can signal that a stock is expensive relative to its fundamentals. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on Draganfly Investments and its competitors. For the Asset Management industry, the median Interest Coverage is 42.97 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Draganfly Investments's current Interest Coverage is No Debt (1), which is 100% below median its own 10-year median of 10,000.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Draganfly Investments stock overvalued right now?
Draganfly Investments (LSE:DRG) has a current Interest Coverage of No Debt (1). The current Interest Coverage is No Debt (1), which is 100% below median its 10-year median of 10,000.00. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Interest Coverage calculated?
Interest Coverage is calculated from a company's financial statements. For Draganfly Investments (LSE:DRG), the current Interest Coverage is No Debt (1) as of Oct. 2017. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Draganfly Investments Business Description

Draganfly Investments Ltd is a part of the financial services sector in the United Kingdom. The key activities of the company include investment trading and holding a small portfolio of investments. The company's objective is that the funding of investment assets is primarily met from shareholders' funds. Draganfly Investments focus on a wide range of economic sector for investment opportunities.