Major Drilling Group International Balance Sheet Health
Financial Health criteria checks 6/6
Major Drilling Group International has a total shareholder equity of CA$532.0M and total debt of CA$27.7M, which brings its debt-to-equity ratio to 5.2%. Its total assets and total liabilities are CA$731.8M and CA$199.8M respectively. Major Drilling Group International's EBIT is CA$34.5M making its interest coverage ratio 19.4. It has cash and short-term investments of CA$47.1M.
Key information
5.20%
Debt to equity ratio
CA$27.66m
Debt
| Interest coverage ratio | 19.4x |
| Cash | CA$47.08m |
| Equity | CA$532.00m |
| Total liabilities | CA$199.79m |
| Total assets | CA$731.79m |
Recent financial health updates
These 4 Measures Indicate That Major Drilling Group International (TSE:MDI) Is Using Debt Safely
Oct 13
Is Major Drilling Group International (TSE:MDI) Using Too Much Debt?
Apr 19Is Major Drilling Group International (TSE:MDI) Using Too Much Debt?
Dec 04Recent updates
An Intrinsic Calculation For Major Drilling Group International Inc. (TSE:MDI) Suggests It's 31% Undervalued
Nov 07Investors Appear Satisfied With Major Drilling Group International Inc.'s (TSE:MDI) Prospects As Shares Rocket 27%
Sep 25Why Investors Shouldn't Be Surprised By Major Drilling Group International Inc.'s (TSE:MDI) 25% Share Price Surge
May 08Major Drilling Group International (TSE:MDI) Is Doing The Right Things To Multiply Its Share Price
Apr 05
Expansion Into Latin America Will Position The Company To Capitalize On Growing Demand For Specialized Drilling
The Explomin acquisition and increased exploration budgets position Major Drilling for revenue growth through expanded market presence and drilling activity.Major Drilling Group International Inc. (TSE:MDI) Shares Fly 25% But Investors Aren't Buying For Growth
Dec 20If EPS Growth Is Important To You, Major Drilling Group International (TSE:MDI) Presents An Opportunity
May 30Returns On Capital Are A Standout For Major Drilling Group International (TSE:MDI)
Apr 04Major Drilling Group International Inc. (TSE:MDI) Shares Could Be 42% Below Their Intrinsic Value Estimate
Mar 03Why We Like The Returns At Major Drilling Group International (TSE:MDI)
Dec 04These 4 Measures Indicate That Major Drilling Group International (TSE:MDI) Is Using Debt Safely
Oct 13With A 28% Price Drop For Major Drilling Group International Inc. (TSE:MDI) You'll Still Get What You Pay For
Jul 15Is Now The Time To Put Major Drilling Group International (TSE:MDI) On Your Watchlist?
Jun 23Major Drilling Group International's (TSE:MDI) Returns On Capital Are Heading Higher
Jun 09Is Major Drilling Group International (TSE:MDI) Using Too Much Debt?
Apr 19Returns At Major Drilling Group International (TSE:MDI) Are On The Way Up
Mar 04Is Major Drilling Group International (TSE:MDI) Using Too Much Debt?
Dec 04Financial Position Analysis
Short Term Liabilities: MDI's short term assets (CA$338.7M) exceed its short term liabilities (CA$131.9M).
Long Term Liabilities: MDI's short term assets (CA$338.7M) exceed its long term liabilities (CA$67.9M).
Debt to Equity History and Analysis
Debt Level: MDI has more cash than its total debt.
Reducing Debt: MDI's debt to equity ratio has reduced from 10.6% to 5.2% over the past 5 years.
Debt Coverage: MDI's debt is well covered by operating cash flow (330.6%).
Interest Coverage: MDI's interest payments on its debt are well covered by EBIT (19.4x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/11/26 04:55 |
| End of Day Share Price | 2025/11/26 00:00 |
| Earnings | 2025/07/31 |
| Annual Earnings | 2025/04/30 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Major Drilling Group International Inc. is covered by 13 analysts. 3 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Donangelo Volpe | Beacon Securities Limited |
| Cosmos Chiu | CIBC Capital Markets |
| Stephen Kammermayer | Clarus Securities Inc. |