Major Drilling Group International (FRA:3MJ) Interest Expense : €0.0 Mil (TTM As of Jan. 2024)

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What is Major Drilling Group International Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Major Drilling Group International's interest expense for the three months ended in Jan. 2024 was € 0.0 Mil. Its interest expense for the trailing twelve months (TTM) ended in Jan. 2024 was €0.0 Mil.

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. Major Drilling Group International's Operating Income for the three months ended in Jan. 2024 was € 0.3 Mil. Major Drilling Group International's Interest Expense for the three months ended in Jan. 2024 was € 0.0 Mil. Major Drilling Group International has no long-term debt ⁽¹⁾. The higher the ratio, the stronger the company's financial strength is. Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

(1) Note: An indication of "no long-term 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 Expense Historical Data

The historical data trend for Major Drilling Group International's Interest Expense 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 Interest Expense Chart

Major Drilling Group International Annual Data

Trend

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Apr24

Interest Expense

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-0.73

-0.78

-1.20

Major Drilling Group International Quarterly Data
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Interest Expense	Get a 7-Day Free Trial															-	-	-	-	-

Major Drilling Group International Interest Expense Calculation

Interest Expense is the amount reported by a company or individual as an expense for borrowed money.

Interest Expense for the trailing twelve months (TTM) ended in Jan. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was €0.0 Mil.

Major Drilling Group International (FRA:3MJ) Interest Expense Explanation

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Major Drilling Group International's Interest Expense for the three months ended in Jan. 2024 was €0.0 Mil. Its Operating Income for the three months ended in Jan. 2024 was €0.3 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Jan. 2024 was €0.0 Mil.

Major Drilling Group International's Interest Coverage for the quarter that ended in Jan. 2024 is calculated as

Major Drilling Group International had no long-term debt ⁽¹⁾.

The higher the ratio, the stronger the company's financial strength is.

Good Sign:

Ben Graham prefers companies' interest coverage to be at least 5. Major Drilling Group International Inc has enough cash to cover all of its debt. Its financial situation is stable.

Major Drilling Group International (FRA:3MJ) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Major Drilling Group International Inc (FRA:3MJ) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

MJDLF:USA 3MJ:Germany MDI:Canada

Address

111 St. George Street, Suite 100, Moncton, NB, CAN, E1C 1T7

Website

https://www.majordrilling.com

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.

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