Master Drilling Group Balance Sheet Health
Financial Health criteria checks 6/6
Master Drilling Group has a total shareholder equity of $204.0M and total debt of $47.9M, which brings its debt-to-equity ratio to 23.5%. Its total assets and total liabilities are $361.1M and $157.1M respectively. Master Drilling Group's EBIT is $32.6M making its interest coverage ratio 7.3. It has cash and short-term investments of $32.1M.
Key information
23.5%
Debt to equity ratio
US$47.95m
Debt
| Interest coverage ratio | 7.3x |
| Cash | US$32.12m |
| Equity | US$204.00m |
| Total liabilities | US$157.15m |
| Total assets | US$361.15m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: I49's short term assets ($163.2M) exceed its short term liabilities ($91.6M).
Long Term Liabilities: I49's short term assets ($163.2M) exceed its long term liabilities ($65.5M).
Debt to Equity History and Analysis
Debt Level: I49's net debt to equity ratio (7.8%) is considered satisfactory.
Reducing Debt: I49's debt to equity ratio has reduced from 31.4% to 23.5% over the past 5 years.
Debt Coverage: I49's debt is well covered by operating cash flow (105.4%).
Interest Coverage: I49's interest payments on its debt are well covered by EBIT (7.3x coverage).