Master Drilling Group (JSE:MDI) LT-Debt-to-Total-Asset : 0.04 (As of Dec. 2024)

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What is Master Drilling Group LT-Debt-to-Total-Asset?

LT Debt to Total Assets is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. It is calculated as a company's Long-Term Debt & Capital Lease Obligationdivide by its Total Assets. Master Drilling Group's long-term debt to total assests ratio for the quarter that ended in Dec. 2024 was 0.04.

Master Drilling Group's long-term debt to total assets ratio declined from Dec. 2023 (0.12) to Dec. 2024 (0.04). It may suggest that Master Drilling Group is progressively becoming less dependent on debt to grow their business.

Master Drilling Group LT-Debt-to-Total-Asset Historical Data

The historical data trend for Master Drilling Group's LT-Debt-to-Total-Asset 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 LT-Debt-to-Total-Asset Chart

Master Drilling Group Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

LT-Debt-to-Total-Asset

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0.12

0.02

0.13

0.12

0.04

Master Drilling Group Semi-Annual Data
	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.13	0.13	0.12	0.13	0.04

Master Drilling Group LT-Debt-to-Total-Asset Calculation

Master Drilling Group's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2024 is calculated as

LT Debt to Total Assets (A: Dec. 2024 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2024 )	/	Total Assets (A: Dec. 2024 )
	=	240.444	/	6893.038
	=	0.03

Master Drilling Group's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2024 is calculated as

LT Debt to Total Assets (Q: Dec. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2024 )	/	Total Assets (Q: Dec. 2024 )
	=	240.444	/	6893.038
	=	0.03

Master Drilling Group (JSE:MDI) LT-Debt-to-Total-Asset Explanation

LT Debt to Total Asset is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. A year-over-year decrease in this metric would suggest the company is progressively becoming less dependent on debt to grow their business.

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Master Drilling Group Business Description

Industry

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

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Traded in Other Exchanges

I49:Germany

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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