Draganfly (XCNQ:DPRO) Debt-to-Equity : 0.42 (As of Mar. 2024)

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What is Draganfly Debt-to-Equity?

Draganfly's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was C$0.32 Mil. Draganfly's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was C$0.39 Mil. Draganfly's Total Stockholders Equity for the quarter that ended in Mar. 2024 was C$1.68 Mil. Draganfly's debt to equity for the quarter that ended in Mar. 2024 was 0.42.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

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

XCNQ:DPRO' s Debt-to-Equity Range Over the Past 10 Years
Min: -0.5 Med: 0.05 Max: 2.15
Current: 0.42

During the past 6 years, the highest Debt-to-Equity Ratio of Draganfly was 2.15. The lowest was -0.50. And the median was 0.05.

XCNQ:DPRO's Debt-to-Equity is ranked better than
50.39% of 258 companies
in the Aerospace & Defense industry
Industry Median: 0.43 vs XCNQ:DPRO: 0.42

Draganfly Debt-to-Equity Historical Data

The historical data trend for Draganfly's Debt-to-Equity 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.

* Premium members only.

Draganfly Debt-to-Equity Chart

Draganfly Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.06

0.07

0.02

0.04

2.15

Draganfly Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial															0.03	0.14	0.25	2.15	0.42

Competitive Comparison of Draganfly's Debt-to-Equity

For the Aerospace & Defense subindustry, Draganfly's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity 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's Debt-to-Equity Distribution in the Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, Draganfly's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Draganfly's Debt-to-Equity falls into.

Draganfly Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Draganfly's Debt to Equity Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(0.447	+	0.428)	/	0.408
	=	2.14

Draganfly's Debt to Equity Ratio for the quarter that ended in Mar. 2024 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(0.32	+	0.391)	/	1.679
	=	0.42

Draganfly (XCNQ:DPRO) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.

Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.

Draganfly Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of Draganfly's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.

Draganfly (XCNQ:DPRO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Draganfly Inc (XCNQ:DPRO) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

DPRO:USA 3U8A:Germany

Address

2108 St. George Avenue, Saskatoon, SK, CAN, S7M 0K7

Website

https://www.draganfly.com

Draganfly Inc is a Canada based company. It is engaged in the provision of engineering services and the manufacture of commercial unmanned vehicle systems and software. The company operates in Canada, the United States, and Internationally. It generates revenue through Product sales and Consulting. Product sales revenue consists of internally assembled multi-rotor helicopters, industrial aerial video systems, civilian small unmanned aerial systems or vehicles, and wireless video systems. Consulting service includes custom engineering and training and simulation consulting.

Executives