Major Drilling Group International (Major Drilling Group International) Interest Expense : $0.0 Mil (TTM As of Oct. 2023)

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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 Oct. 2023 was $ 0.0 Mil. Its interest expense for the trailing twelve months (TTM) ended in Oct. 2023 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 Oct. 2023 was $ 23.0 Mil. Major Drilling Group International's Interest Expense for the three months ended in Oct. 2023 was $ 0.0 Mil. GuruFocus does not calculate Major Drilling Group International's interest coverage with the available data. 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.

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

Apr14

Apr15

Apr16

Apr17

Apr18

Apr19

Apr20

Apr21

Apr22

Apr23

Interest Expense

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-0.58

-0.79

-0.94

-1.29

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
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 Oct. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $0.0 Mil.

Major Drilling Group International (OTCPK:MJDLF) 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 Oct. 2023 was $0.0 Mil. Its Operating Income for the three months ended in Oct. 2023 was $23.0 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Oct. 2023 was $2.9 Mil.

Major Drilling Group International's Interest Coverage for the quarter that ended in Oct. 2023 is calculated as

GuruFocus does not calculate Major Drilling Group International's interest coverage with the available data.

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 (Major Drilling Group International) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

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.

Major Drilling Group International (Major Drilling Group International) Headlines

From GuruFocus

Chuck Royce Acquires New Stake in Major Drilling Group International Inc

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