Major Drilling Group International (TSX:MDI) Scaled Net Operating Assets : 0.68 (As of Oct. 2023)

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What is Major Drilling Group International Scaled Net Operating Assets?

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

Major Drilling Group International's operating assets for the quarter that ended in Oct. 2023 was C$526.8 Mil. Major Drilling Group International's operating liabilities for the quarter that ended in Oct. 2023 was C$122.6 Mil. Major Drilling Group International's Total Assets for the quarter that ended in Jul. 2023 was C$592.1 Mil. Therefore, Major Drilling Group International's scaled net operating assets (SNOA) for the quarter that ended in Oct. 2023 was 0.68.

Major Drilling Group International Scaled Net Operating Assets Historical Data

The historical data trend for Major Drilling Group International's Scaled Net Operating Assets can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Major Drilling Group International Scaled Net Operating Assets Chart

Major Drilling Group International Annual Data

Trend

Apr14

Apr15

Apr16

Apr17

Apr18

Apr19

Apr20

Apr21

Apr22

Apr23

Scaled Net Operating Assets

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0.76

0.64

0.65

0.89

0.69

Major Drilling Group International Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Scaled Net Operating Assets	Get a 7-Day Free Trial															0.58	0.67	0.65	0.68	-

Competitive Comparison of Major Drilling Group International's Scaled Net Operating Assets

For the Other Industrial Metals & Mining subindustry, Major Drilling Group International's Scaled Net Operating Assets, along with its competitors' market caps and Scaled Net Operating Assets data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Major Drilling Group International's Scaled Net Operating Assets Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Major Drilling Group International's Scaled Net Operating Assets distribution charts can be found below:

* The bar in red indicates where Major Drilling Group International's Scaled Net Operating Assets falls into.

Major Drilling Group International Scaled Net Operating Assets Calculation

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

Major Drilling Group International's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Apr. 2023 is calculated as

	Scaled Net Operating Assets (SNOA)		(A: Apr. 2023 )
=	(Operating Assets (A: Apr. 2023 )	-	Operating Liabilities (A: Apr. 2023 ))	/	Total Assets (A: Apr. 2022 )
=	(517.253	-	133.554)	/	557.08
=	0.69

where

	Operating Assets		(A: Apr. 2023 )
=	Total Assets	-	Cash, Cash Equivalents, Marketable Securities
=	611.685	-	94.432
=	517.253

	Operating Liabilities		(A: Apr. 2023 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	159.108	-	23.937	-	1.617
=	133.554

Major Drilling Group International's Scaled Net Operating Assets (SNOA) for the quarter that ended in Oct. 2023 is calculated as

	Scaled Net Operating Assets (SNOA)		(Q: Oct. 2023 )
=	(Operating Assets (Q: Oct. 2023 )	-	Operating Liabilities (Q: Oct. 2023 ))	/	Total Assets (Q: Jul. 2023 )
=	(526.804	-	122.623)	/	592.125
=	0.68

where

	Operating Assets		(Q: Oct. 2023 )
=	Total Assets	-	Cash, Cash Equivalents, Marketable Securities
=	619.271	-	92.467
=	526.804

	Operating Liabilities		(Q: Oct. 2023 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	128.051	-	3.994	-	1.434
=	122.623

Major Drilling Group International Scaled Net Operating Assets Related Terms

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Major Drilling Group International (TSX:MDI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Major Drilling Group International Inc (TSX:MDI) » Definitions » Scaled Net Operating Assets

Comparable Companies

Traded in Other Exchanges

MJDLF:USA 3MJ:Germany

Address

111 St. George Street, Suite 100, Moncton, NB, CAN, E1C 1T7

Website

https://www.majordrilling.com

Major Drilling Group International Inc is engaged in the business of contract drilling, and it provides services to companies that are involved in mining and mineral exploration. It offers surface and underground coring, directional, reverse circulation, sonic, geotechnical, environmental, water-well, coal-bed methane, shallow gas, and underground percussive/long-hole drilling services, as well as various drilling-related mine services. Its geographical segments are Canada - the United States; South and Central America; and Australasia and Africa, of which most of its revenue comes from Canada - the United States.

Major Drilling Group International (TSX:MDI) Headlines

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