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Major Drilling Group International (TSX:MDI) Debt-to-Revenue : 0.01 (As of Oct. 2023)


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What is Major Drilling Group International Debt-to-Revenue?

Debt-to-Revenue measures a company's ability to pay off its debt.

Major Drilling Group International's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Oct. 2023 was C$1.4 Mil. Major Drilling Group International's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Oct. 2023 was C$4.0 Mil. Major Drilling Group International's annualized Revenue for the quarter that ended in Oct. 2023 was C$827.8 Mil. Major Drilling Group International's annualized Debt-to-Revenue for the quarter that ended in Oct. 2023 was 0.01.


Major Drilling Group International Debt-to-Revenue Historical Data

The historical data trend for Major Drilling Group International's Debt-to-Revenue 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 Debt-to-Revenue Chart

Major Drilling Group International Annual Data
Trend Apr14 Apr15 Apr16 Apr17 Apr18 Apr19 Apr20 Apr21 Apr22 Apr23
Debt-to-Revenue
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.05 0.14 0.04 0.09 0.04

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
Debt-to-Revenue Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.04 0.04 0.01 0.01 -

Competitive Comparison of Major Drilling Group International's Debt-to-Revenue

For the Other Industrial Metals & Mining subindustry, Major Drilling Group International's Debt-to-Revenue, along with its competitors' market caps and Debt-to-Revenue 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 Debt-to-Revenue Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Major Drilling Group International's Debt-to-Revenue distribution charts can be found below:

* The bar in red indicates where Major Drilling Group International's Debt-to-Revenue falls into.



Major Drilling Group International Debt-to-Revenue Calculation

Debt-to-Revenue measures a company's ability to pay off its debt.

Major Drilling Group International's Debt-to-Revenue for the fiscal year that ended in Apr. 2023 is calculated as

Debt-to-Revenue=Total Debt / Revenue
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / Revenue
=(1.617 + 23.937) / 735.742
=0.03

Major Drilling Group International's annualized Debt-to-Revenue for the quarter that ended in Oct. 2023 is calculated as

Debt-to-Revenue=Total Debt / Revenue
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / Revenue
=(1.434 + 3.994) / 827.804
=0.01

* 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.

In the calculation of annual Debt-to-Revenue, the Revenue of the last fiscal year is used. In calculating the annualized quarterly data, the Revenue data used here is four times the quarterly (Oct. 2023) Revenue data.


Major Drilling Group International Debt-to-Revenue Related Terms

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Major Drilling Group International (TSX:MDI) Business Description

Traded in Other Exchanges
Address
111 St. George Street, Suite 100, Moncton, NB, CAN, E1C 1T7
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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