Master Drilling Group Balance Sheet Health
Financial Health criteria checks 6/6
Master Drilling Group has a total shareholder equity of $192.9M and total debt of $43.7M, which brings its debt-to-equity ratio to 22.7%. Its total assets and total liabilities are $338.4M and $145.5M respectively. Master Drilling Group's EBIT is $39.0M making its interest coverage ratio 8.4. It has cash and short-term investments of $23.5M.
Key information
22.7%
Debt to equity ratio
US$43.73m
Debt
| Interest coverage ratio | 8.4x |
| Cash | US$23.47m |
| Equity | US$192.87m |
| Total liabilities | US$145.52m |
| Total assets | US$338.39m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: I49's short term assets ($156.5M) exceed its short term liabilities ($77.6M).
Long Term Liabilities: I49's short term assets ($156.5M) exceed its long term liabilities ($67.9M).
Debt to Equity History and Analysis
Debt Level: I49's net debt to equity ratio (10.5%) is considered satisfactory.
Reducing Debt: I49's debt to equity ratio has reduced from 26.1% to 22.7% over the past 5 years.
Debt Coverage: I49's debt is well covered by operating cash flow (55.3%).
Interest Coverage: I49's interest payments on its debt are well covered by EBIT (8.4x coverage).