Major Drilling Group InternationalMJDLF -3.79%82 Interest Coverage is 56.58 as of Apr. 2026, which is 176% above its 10-year median of 20.49. GuruFocus rates MJDLF with a GF Score™ of 82/100 and a GF Value™ of $8.01 (Modestly Overvalued). The stock has 5 warning signs investors should review. Among 1,319 Metals & Mining companies, Major Drilling Group International ranks worse than 74.22% on this metric.
Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's
Operating Income
by its Interest Expense. Major Drilling Group International's
Operating Income
for the
three
months ended in Apr. 2026 was $7.5 Mil. Major Drilling Group International's Interest Expense for the
three
months ended in Apr. 2026 was $-0.1 Mil.
Major Drilling Group International's interest coverage for the quarter that ended in Apr. 2026 was 56.58.
The higher the ratio, the stronger the company's financial strength is.
The historical rank and industry rank for Major Drilling Group International's Interest Coverage or its related term are showing as below:
MJDLF'
s Interest Coverage Range Over the Past 10 Years
Min: 8.8 Med: 20.49 Max: 80.63
Current: 20.49
MJDLF's Interest Coverage is ranked worse than 74.22% of 1319
companies
in the Metals & Mining industry
Industry Median: No Debt
vs MJDLF: 20.49
Major Drilling Group International (OTCPK:MJDLF) Interest Coverage Explanation
Ben Graham requires that a company has a minimum interest coverage of 5 with the companies he invested. If the interest coverage is less than 2, the company is burdened by debt. Any business slow or recession may drag the company into a situation where it cannot pay the interest on its debt.
Interest Coverage is an important factor when GuruFocus ranks a company's overage Financial Strength .
Major Drilling Group International Interest Coverage Related Terms
Major Drilling Group International Interest Coverage 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.
Note: For Interest Coverage, "No debt" indicates no long-term debt. An indication of "No Debt" does not necessarily mean that the company has no long-term debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.
Major Drilling Group International Interest Coverage Chart
Major Drilling Group International Interest Coverage Competitor Comparison
For the Other Industrial Metals & Mining subindustry, Major Drilling Group International's Interest Coverage, along with its competitors' market caps and Interest Coverage 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 Interest Coverage vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Major Drilling Group International's Interest Coverage distribution charts can be found below:
* The bar in red indicates where Major Drilling Group International's Interest Coverage falls into.
Major Drilling Group International Interest Coverage Calculation
Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income (EBIT) by its Interest Expense:
* 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 Interest Coverage of 56.58 as of Apr. 2026. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on Major Drilling Group International and its competitors. This is 176% above median its historical median of 20.49. Over the past decade, Major Drilling Group International's Interest Coverage has ranged from 8.80 to 80.63. According to the industry distribution chart, Major Drilling Group International ranks #979 out of 1319 companies in the Metals & Mining industry, placing it in the top 74.2%.
Is Major Drilling Group International's Interest Coverage too high?
Major Drilling Group International's current Interest Coverage of 56.58 is 176% above median its 10-year median of 20.49. Over the past 10 years, this metric has ranged from a low of 8.80 to a high of 80.63. The Metals & Mining industry median Interest Coverage is 10,000.00. Major Drilling Group International's value of 56.58 is 99.4% below this industry median. Based on the distribution chart, Major Drilling Group International ranks #979 out of 1319 companies in the Metals & Mining industry, which is below the industry midpoint. Overall, Major Drilling Group International has a GF Score™ of 82/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Major Drilling Group International's Interest Coverage compare to competitors?
According to the Metals & Mining industry distribution chart, Major Drilling Group International ranks #979 out of 1319 companies for Interest Coverage. This places Major Drilling Group International in the lower half of its industry. The industry median Interest Coverage is 10,000.00. Major Drilling Group International's value of 56.58 is 99.4% below this benchmark. Historically, Major Drilling Group International's own Interest Coverage has ranged from 8.80 to 80.63 over the past decade. While the company's 10-year median is 20.49 vs. the industry median of 10,000.00, 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 Interest Coverage for a Metals & Mining company?
The median Interest Coverage among Metals & Mining companies is 10,000.00, based on 1,319 companies in the industry. Companies in the top quartile (top 25%) have a Interest Coverage significantly above this median, while those in the bottom quartile fall well below. However, Interest Coverage should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Major Drilling Group International's current Interest Coverage of 56.58 is 99.4% 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 Interest Coverage mean?
A high Interest Coverage can signal that a stock is expensive relative to its fundamentals. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on Major Drilling Group International and its competitors. For the Metals & Mining industry, the median Interest Coverage is 10,000.00 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Major Drilling Group International's current Interest Coverage is 56.58, which is 176% above median its own 10-year median of 20.49. 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 $8.01, compared to a current price of $10.16 — trading 26.8% above its estimated fair value. The current Interest Coverage is 56.58, which is 176% above median its 10-year median of 20.49 and 99.4% below the Metals & Mining industry median of 10,000.00. Major Drilling Group International's overall GF Score™ is 82/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Interest Coverage calculated?
Interest Coverage is calculated from a company's financial statements. For Major Drilling Group International (MJDLF), the current Interest Coverage is 56.58 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 $10.16 is trading 26.8% above its estimated GF Value™ of $8.01.
GuruFocus considers Major Drilling Group International to be Modestly Overvalued.
Key valuation signals for MJDLF:
Interest Coverage: 56.58 (176% above median its 10-year median of 20.49)
GF Value™: $8.01 vs. price of $10.16 (26.8% above fair value)
Industry Position: 99.4% below the Metals & Mining median (#979 of 1319)
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 Business Description
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.
82GF Score
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