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Droneacharya Aerial Innovations (BOM:543713) Interest Expense : ₹-0.5 Mil (TTM As of Sep. 2024)


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What is Droneacharya Aerial Innovations Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Droneacharya Aerial Innovations's interest expense for the six months ended in Sep. 2024 was ₹ -0.2 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2024 was ₹-0.5 Mil.

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. Droneacharya Aerial Innovations's Operating Income for the six months ended in Sep. 2024 was ₹ 16.9 Mil. Droneacharya Aerial Innovations's Interest Expense for the six months ended in Sep. 2024 was ₹ -0.2 Mil. Droneacharya Aerial Innovations's Interest Coverage for the quarter that ended in Sep. 2024 was 82.34. The higher the ratio, the stronger the company's financial strength is. Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Droneacharya Aerial Innovations Interest Expense Historical Data

The historical data trend for Droneacharya Aerial Innovations's Interest Expense 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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Droneacharya Aerial Innovations Interest Expense Chart

Droneacharya Aerial Innovations Annual Data
Trend Mar20 Mar21 Mar22 Mar23 Mar24
Interest Expense
- - - -0.33 -0.32

Droneacharya Aerial Innovations Semi-Annual Data
Mar20 Mar21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24
Interest Expense Get a 7-Day Free Trial -0.05 -0.28 -0.02 -0.30 -0.21

Droneacharya Aerial Innovations Interest Expense Calculation

Interest Expense is the amount reported by a company or individual as an expense for borrowed money.

Interest Expense for the trailing twelve months (TTM) ended in Sep. 2024 adds up the semi-annually data reported by the company within the most recent 12 months, which was ₹-0.5 Mil.

* 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.

Droneacharya Aerial Innovations  (BOM:543713) Interest Expense Explanation

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. The higher, the better.

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

Droneacharya Aerial Innovations's Interest Expense for the six months ended in Sep. 2024 was ₹-0.2 Mil. Its Operating Income for the six months ended in Sep. 2024 was ₹16.9 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Sep. 2024 was ₹0.0 Mil.

Droneacharya Aerial Innovations's Interest Coverage for the quarter that ended in Sep. 2024 is calculated as

Interest Coverage=-1* Operating Income (Q: Sep. 2024 )/Interest Expense (Q: Sep. 2024 )
=-1*16.88/-0.205
=82.34

* 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.

Good Sign:

Ben Graham prefers companies' interest coverage to be at least 5. Droneacharya Aerial Innovations Ltd has enough cash to cover all of its debt. Its financial situation is stable.

Droneacharya Aerial Innovations Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Droneacharya Aerial Innovations Ltd (BOM:543713) » Definitions » Interest Expense
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BOM:532373 NSE:WOL3D BOM:532413 BOM:544287 BOM:517399 BOM:532354 BOM:517044 BOM:532513 ANET DELL SHSE:688041 SZSE:002415 TSE:7751 TPE:2382 HPQ SMCI NTAP STX PSTG WDC
Traded in Other Exchanges
N/A
Address
Galore Tech Lohia-Jain, Lane 2, 1st & 2nd Floor, Bavdhan, Pune, KA, IND, 411021
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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