Master Drilling Group (JSE:MDI) Debt-to-Equity : 0.28 (As of Dec. 2023)

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What is Master Drilling Group Debt-to-Equity?

Master Drilling Group's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was R132 Mil. Master Drilling Group's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was R832 Mil. Master Drilling Group's Total Stockholders Equity for the quarter that ended in Dec. 2023 was R3,445 Mil. Master Drilling Group's debt to equity for the quarter that ended in Dec. 2023 was 0.28.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

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

JSE:MDI' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.22 Med: 0.28 Max: 0.37
Current: 0.28

During the past 12 years, the highest Debt-to-Equity Ratio of Master Drilling Group was 0.37. The lowest was 0.22. And the median was 0.28.

JSE:MDI's Debt-to-Equity is ranked better than
61.77% of 1512 companies
in the Construction industry
Industry Median: 0.44 vs JSE:MDI: 0.28

Master Drilling Group Debt-to-Equity Historical Data

The historical data trend for Master Drilling Group's Debt-to-Equity 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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Master Drilling Group Debt-to-Equity Chart

Master Drilling Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.36

0.28

0.22

0.32

0.28

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
Debt-to-Equity	Get a 7-Day Free Trial															0.22	0.20	0.32	0.29	0.28

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

For the Engineering & Construction subindustry, Master Drilling Group's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity 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 Debt-to-Equity Distribution in the Construction Industry

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

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

Master Drilling Group Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

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

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(131.715	+	832.178)	/	3444.72
	=	0.28

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

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(131.715	+	832.178)	/	3444.72
	=	0.28

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

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.

Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.

Master Drilling Group Debt-to-Equity Related Terms

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Master Drilling Group (JSE:MDI) Business Description

Industry

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

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.

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