Major Drilling Group International Balance Sheet Health
Financial Health criteria checks 6/6
Major Drilling Group International has a total shareholder equity of CA$512.8M and total debt of CA$0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are CA$631.9M and CA$119.2M respectively. Major Drilling Group International's EBIT is CA$64.4M making its interest coverage ratio 3577.1. It has cash and short-term investments of CA$85.9M.
Key information
0%
Debt to equity ratio
CA$0
Debt
| Interest coverage ratio | 3577.1x |
| Cash | CA$85.85m |
| Equity | CA$512.79m |
| Total liabilities | CA$119.15m |
| Total assets | CA$631.94m |
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 04We Think Major Drilling Group International (TSE:MDI) Can Stay On Top Of Its Debt
Mar 16Here's Why Major Drilling Group International (TSE:MDI) Has A Meaningful Debt Burden
Dec 02
Recent updates
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 04Major Drilling Group International (TSE:MDI) Might Have The Makings Of A Multi-Bagger
Sep 03We Think Major Drilling Group International (TSE:MDI) Can Stay On Top Of Its Debt
Mar 16Will the Promising Trends At Major Drilling Group International (TSE:MDI) Continue?
Feb 23The Major Drilling Group International (TSE:MDI) Share Price Is Up 41% And Shareholders Are Holding On
Feb 03Major Drilling Group International Inc. (TSE:MDI) On The Verge Of Breaking Even
Jan 13Here's What We Think About Major Drilling Group International's (TSE:MDI) CEO Pay
Dec 23Here's Why Major Drilling Group International (TSE:MDI) Has A Meaningful Debt Burden
Dec 02Financial Position Analysis
Short Term Liabilities: MDI's short term assets (CA$336.9M) exceed its short term liabilities (CA$100.6M).
Long Term Liabilities: MDI's short term assets (CA$336.9M) exceed its long term liabilities (CA$18.6M).
Debt to Equity History and Analysis
Debt Level: MDI is debt free.
Reducing Debt: MDI has no debt compared to 5 years ago when its debt to equity ratio was 4.7%.
Debt Coverage: MDI has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: MDI has no debt, therefore coverage of interest payments is not a concern.