Major Drilling Group International Balance Sheet Health
Financial Health criteria checks 6/6
Major Drilling Group International has a total shareholder equity of CA$476.7M and total debt of CA$0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are CA$578.4M and CA$101.8M respectively. Major Drilling Group International's EBIT is CA$87.6M making its interest coverage ratio -76.1. It has cash and short-term investments of CA$104.9M.
Key information
0%
Debt to equity ratio
CA$0
Debt
Interest coverage ratio | -76.1x |
Cash | CA$104.87m |
Equity | CA$476.66m |
Total liabilities | CA$101.78m |
Total assets | CA$578.45m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: MJDL.F's short term assets (CA$316.8M) exceed its short term liabilities (CA$84.5M).
Long Term Liabilities: MJDL.F's short term assets (CA$316.8M) exceed its long term liabilities (CA$17.3M).
Debt to Equity History and Analysis
Debt Level: MJDL.F is debt free.
Reducing Debt: MJDL.F has no debt compared to 5 years ago when its debt to equity ratio was 4.9%.
Debt Coverage: MJDL.F has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: MJDL.F has no debt, therefore coverage of interest payments is not a concern.