Drone Destination Balance Sheet Health
Financial Health criteria checks 5/6
Drone Destination has a total shareholder equity of ₹552.0M and total debt of ₹19.6M, which brings its debt-to-equity ratio to 3.5%. Its total assets and total liabilities are ₹607.5M and ₹55.5M respectively. Drone Destination's EBIT is ₹39.2M making its interest coverage ratio 28.4. It has cash and short-term investments of ₹237.4M.
Key information
3.5%
Debt to equity ratio
₹19.57m
Debt
Interest coverage ratio | 28.4x |
Cash | ₹237.39m |
Equity | ₹551.96m |
Total liabilities | ₹55.52m |
Total assets | ₹607.48m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: DRONE's short term assets (₹534.9M) exceed its short term liabilities (₹44.0M).
Long Term Liabilities: DRONE's short term assets (₹534.9M) exceed its long term liabilities (₹11.5M).
Debt to Equity History and Analysis
Debt Level: DRONE has more cash than its total debt.
Reducing Debt: Insufficient data to determine if DRONE's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: DRONE's debt is well covered by operating cash flow (42.4%).
Interest Coverage: DRONE's interest payments on its debt are well covered by EBIT (28.4x coverage).