Master Drilling Group (JSE:MDI) Cash-to-Debt : 0.54 (As of Dec. 2023)

View and export this data going back to 2012. Start your Free Trial

What is Master Drilling Group Cash-to-Debt?

Cash to Debt Ratio measures the financial strength of a company. It is calculated as a company's cash, cash equivalents, and marketable securities divide by its debt. Master Drilling Group's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.54.

If Cash to Debt ratio is less than 1, the company cannot pay off its debt using the cash in hand. Here we can see, Master Drilling Group couldn't pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

The historical rank and industry rank for Master Drilling Group's Cash-to-Debt or its related term are showing as below:

JSE:MDI' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.28 Med: 0.57 Max: 0.98
Current: 0.54

During the past 12 years, Master Drilling Group's highest Cash to Debt Ratio was 0.98. The lowest was 0.28. And the median was 0.57.

JSE:MDI's Cash-to-Debt is ranked worse than
53.52% of 1674 companies
in the Construction industry
Industry Median: 0.62 vs JSE:MDI: 0.54

Master Drilling Group Cash-to-Debt Historical Data

The historical data trend for Master Drilling Group's Cash-to-Debt 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.

Note: An indication of "No Debt" does not necessarily mean that the company has no debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.

* Premium members only.

Master Drilling Group Cash-to-Debt Chart

Master Drilling Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

Get a 7-Day Free Trial

0.28

0.53

0.59

0.56

0.54

Master Drilling Group Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial															0.59	0.56	0.56	0.47	0.54

Competitive Comparison of Master Drilling Group's Cash-to-Debt

For the Engineering & Construction subindustry, Master Drilling Group's Cash-to-Debt, along with its competitors' market caps and Cash-to-Debt 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.

Master Drilling Group's Cash-to-Debt Distribution in the Construction Industry

For the Construction industry and Industrials sector, Master Drilling Group's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Master Drilling Group's Cash-to-Debt falls into.

Master Drilling Group Cash-to-Debt Calculation

This is the ratio of a company's Cash, Cash Equivalents, Marketable Securities to its debt. The debt includes the Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation. This ratio measures the financial strength of a company. This ratio is updated quarterly.

Master Drilling Group's Cash to Debt Ratio for the fiscal year that ended in Dec. 2023 is calculated as:

Cash to Debt Ratio	=	Cash, Cash Equivalents, Marketable Securities	/	Total Debt
	=	Cash, Cash Equivalents, Marketable Securities	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	518.961	/	(131.715	+	832.178)
	=	0.54

Master Drilling Group's Cash to Debt Ratio for the quarter that ended in Dec. 2023 is calculated as:

Cash to Debt Ratio	=	Cash, Cash Equivalents, Marketable Securities	/	Total Debt
	=	Cash, Cash Equivalents, Marketable Securities	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	518.961	/	(131.715	+	832.178)
	=	0.54

Master Drilling Group (JSE:MDI) Cash-to-Debt Explanation

If Cash to Debt ratio is greater than 1, the company can pay off its debt using the cash in hand. If it is smaller than 1, it means the company has more debt than the cash in hands. In this case, it is important to look the the company's Interest Coverage. Ben Graham requires that a company must have an Interest Coverage of at least 5.

Master Drilling Group Cash-to-Debt Related Terms

Thank you for viewing the detailed overview of Master Drilling Group's Cash-to-Debt provided by GuruFocus.com. Please click on the following links to see related term pages.

Master Drilling Group (JSE:MDI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Master Drilling Group Ltd (JSE:MDI) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

4 Bosman Street, PO Box 902, Fochville, GT, ZAF, 2515

Website

https://www.masterdrilling.com

Master Drilling Group Ltd is a drilling services company. It offers drilling services to mid-tier and junior mining companies across a range of commodities and resources. The company comprises of two main operational sub-groups - South African operations and international operations. Its services offering include Raiseboring, Boxhole borning, Exploration drilling, and value-added services. Geographically, the company generates a majority share of its revenue from Africa and America.

Master Drilling Group (JSE:MDI) Headlines

No Headlines