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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.
MJDLF'
s Debt-to-Equity Range Over the Past 10 Years
Min: 0.01 Med: 0.06 Max: 0.19
Current: 0.06
During the past 13 years, the highest Debt-to-Equity Ratio of Major Drilling Group International was 0.19. The lowest was 0.01. And the median was 0.06.
MJDLF's Debt-to-Equity is ranked better than 65.82% of 1220
companies
in the Metals & Mining industry
Industry Median: 0.15
vs MJDLF: 0.06
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.
Major Drilling Group International Debt-to-Equity Related Terms
Major Drilling Group International Debt-to-Equity Historical Data
* 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.
Major Drilling Group International Debt-to-Equity Chart
Major Drilling Group International Debt-to-Equity Competitor Comparison
For the Other Industrial Metals & Mining subindustry, Major Drilling Group International'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.
Major Drilling Group International Debt-to-Equity vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Major Drilling Group International's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where Major Drilling Group International's Debt-to-Equity falls into.
* 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.
Major Drilling Group International (MJDLF) has a Debt-to-Equity of 0.06 as of Apr. 2026. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Major Drilling Group International and its competitors. This is near median its historical median of 0.06. Over the past decade, Major Drilling Group International's Debt-to-Equity has ranged from 0.01 to 0.19. According to the industry distribution chart, Major Drilling Group International ranks #417 out of 1220 companies in the Metals & Mining industry, placing it in the top 34.2%.
Is Major Drilling Group International's Debt-to-Equity too high?
Major Drilling Group International's current Debt-to-Equity of 0.06 is near median its 10-year median of 0.06. Over the past 10 years, this metric has ranged from a low of 0.01 to a high of 0.19. The Metals & Mining industry median Debt-to-Equity is 0.15. Major Drilling Group International's value of 0.06 is 60% below this industry median. Based on the distribution chart, Major Drilling Group International ranks #417 out of 1220 companies in the Metals & Mining industry, which is above the industry midpoint. Overall, Major Drilling Group International has a GF Score™ of 85/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Major Drilling Group International's Debt-to-Equity compare to competitors?
According to the Metals & Mining industry distribution chart, Major Drilling Group International ranks #417 out of 1220 companies for Debt-to-Equity. This puts Major Drilling Group International in the upper half of its industry. The industry median Debt-to-Equity is 0.15. Major Drilling Group International's value of 0.06 is 60% below this benchmark. Historically, Major Drilling Group International's own Debt-to-Equity has ranged from 0.01 to 0.19 over the past decade. While the company's 10-year median is 0.06 vs. the industry median of 0.15, Major Drilling Group International has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Debt-to-Equity for a Metals & Mining company?
The median Debt-to-Equity among Metals & Mining companies is 0.15, based on 1,220 companies in the industry. Companies in the top quartile (top 25%) have a Debt-to-Equity significantly above this median, while those in the bottom quartile fall well below. However, Debt-to-Equity should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Major Drilling Group International's current Debt-to-Equity of 0.06 is 60% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Debt-to-Equity mean?
A high Debt-to-Equity can signal that a stock is expensive relative to its fundamentals. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Major Drilling Group International and its competitors. For the Metals & Mining industry, the median Debt-to-Equity is 0.15 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Major Drilling Group International's current Debt-to-Equity is 0.06, which is near median its own 10-year median of 0.06. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Major Drilling Group International stock overvalued right now?
Based on GuruFocus' analysis, Major Drilling Group International (MJDLF) is currently considered Modestly Overvalued. The stock's GF Value™ is $8.26, compared to a current price of $9.95 — trading 20.5% above its estimated fair value. The current Debt-to-Equity is 0.06, which is near median its 10-year median of 0.06 and 60% below the Metals & Mining industry median of 0.15. Major Drilling Group International's overall GF Score™ is 85/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Debt-to-Equity calculated?
Debt-to-Equity is calculated from a company's financial statements. For Major Drilling Group International (MJDLF), the current Debt-to-Equity is 0.06 as of Apr. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Major Drilling Group International (MJDLF) Overvalued in 2026?
Based on GuruFocus' analysis, Major Drilling Group International stock appears to be overvalued.
The current stock price of $9.95 is trading 20.5% above its estimated GF Value™ of $8.26.
GuruFocus considers Major Drilling Group International to be Modestly Overvalued.
Key valuation signals for MJDLF:
Debt-to-Equity: 0.06 (near median its 10-year median of 0.06)
GF Value™: $8.26 vs. price of $9.95 (20.5% above fair value)
Industry Position: 60% below the Metals & Mining median (#417 of 1220)
No single metric tells the full story. See the MJDLF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Major Drilling Group International Inc consists of contract drilling for companies mainly involved in mining and mineral exploration. The Company has operations in North America, South America, Australia, Asia, and Africa. Its services are Surface Drilling Services, and Underground Drilling Services. Its geographical segments are Canada - the United States; South and Central America; and Australasia and Africa, of which majority of its revenue comes from South and Central America.
85GF Score
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