Master Drilling Group Balance Sheet Health
Financial Health criteria checks 6/6
Master Drilling Group has a total shareholder equity of $209.0M and total debt of $46.0M, which brings its debt-to-equity ratio to 22%. Its total assets and total liabilities are $361.9M and $152.9M respectively. Master Drilling Group's EBIT is $32.5M making its interest coverage ratio 7.8. It has cash and short-term investments of $28.2M.
Key information
22.0%
Debt to equity ratio
US$45.98m
Debt
| Interest coverage ratio | 7.8x |
| Cash | US$28.17m |
| Equity | US$208.98m |
| Total liabilities | US$152.89m |
| Total assets | US$361.87m |
Recent financial health updates
Recent updates
Master Drilling Group (JSE:MDI) Is Paying Out A Larger Dividend Than Last Year
Apr 26
Here's Why We Think Master Drilling Group (JSE:MDI) Might Deserve Your Attention Today
Nov 30Master Drilling Group (JSE:MDI) May Have Issues Allocating Its Capital
Feb 21Master Drilling Group (JSE:MDI) Takes On Some Risk With Its Use Of Debt
Sep 07Master Drilling Group (JSE:MDI) Might Be Having Difficulty Using Its Capital Effectively
Aug 12The Trends At Master Drilling Group (JSE:MDI) That You Should Know About
Feb 22Master Drilling Group (JSE:MDI) Share Prices Have Dropped 48% In The Last Three Years
Jan 12
Have Insiders Been Selling Master Drilling Group Limited (JSE:MDI) Shares?
Dec 14The Trends At Master Drilling Group (JSE:MDI) That You Should Know About
Nov 24Financial Position Analysis
Short Term Liabilities: MDI's short term assets ($157.7M) exceed its short term liabilities ($85.1M).
Long Term Liabilities: MDI's short term assets ($157.7M) exceed its long term liabilities ($67.8M).
Debt to Equity History and Analysis
Debt Level: MDI's net debt to equity ratio (8.5%) is considered satisfactory.
Reducing Debt: MDI's debt to equity ratio has reduced from 35.2% to 22% over the past 5 years.
Debt Coverage: MDI's debt is well covered by operating cash flow (77.1%).
Interest Coverage: MDI's interest payments on its debt are well covered by EBIT (7.8x coverage).