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 $32.4M.
Key information
23.5%
Debt to equity ratio
US$47.95m
Debt
| Interest coverage ratio | 7.3x |
| Cash | US$32.38m |
| Equity | US$204.00m |
| Total liabilities | US$157.15m |
| Total assets | US$361.15m |
Recent financial health updates
Recent updates
Master Drilling Group (JSE:MDI) Shareholders Will Want The ROCE Trajectory To Continue
Sep 03
Master Drilling Group (JSE:MDI) Is Paying Out A Larger Dividend Than Last Year
Apr 26Here'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 ($163.2M) exceed its short term liabilities ($91.6M).
Long Term Liabilities: MDI's short term assets ($163.2M) exceed its long term liabilities ($65.5M).
Debt to Equity History and Analysis
Debt Level: MDI's net debt to equity ratio (7.6%) is considered satisfactory.
Reducing Debt: MDI's debt to equity ratio has reduced from 31.4% to 23.5% over the past 5 years.
Debt Coverage: MDI's debt is well covered by operating cash flow (105.4%).
Interest Coverage: MDI's interest payments on its debt are well covered by EBIT (7.3x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/22 08:44 |
| End of Day Share Price | 2024/12/20 00:00 |
| Earnings | 2024/06/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Master Drilling Group Limited is covered by 2 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Roy Mutooni | Renaissance Capital |
| Nic Dinham | SBG Securities (Proprietary) Limited |