Major Drilling Group International Inc.

TSX:MDI Stock Report

Mkt Cap: CA$878.4m

Major Drilling Group International Financial Health

How is Major Drilling Group International's financial position?

Financial Health Score

5/6

Financial Health Score 5/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: MDI's short term assets (CA$359.6M) exceed its short term liabilities (CA$125.0M).

Long Term Liabilities: MDI's short term assets (CA$359.6M) exceed its long term liabilities (CA$53.4M).


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 increased from 5.5% to 7.1% over the past 5 years.

Debt Coverage: MDI's debt is well covered by operating cash flow (423.5%).

Interest Coverage: MDI's interest payments on its debt are well covered by EBIT (83.2x coverage).


Balance Sheet


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