GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Major Drilling Group International Inc (OTCPK:MJDLF) » Definitions » LT-Debt-to-Total-Asset

Major Drilling Group International (Major Drilling Group International) LT-Debt-to-Total-Asset : 0.01 (As of Oct. 2023)


View and export this data going back to 2001. Start your Free Trial

What is Major Drilling Group International 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. Major Drilling Group International's long-term debt to total assests ratio for the quarter that ended in Oct. 2023 was 0.01.

Major Drilling Group International's long-term debt to total assets ratio declined from Oct. 2022 (0.06) to Oct. 2023 (0.01). It may suggest that Major Drilling Group International is progressively becoming less dependent on debt to grow their business.

Major Drilling Group International LT-Debt-to-Total-Asset Historical Data

The historical data trend for Major Drilling Group International'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.

* Premium members only.

Major Drilling Group International LT-Debt-to-Total-Asset Chart

Major Drilling Group International Annual Data
Trend Apr14 Apr15 Apr16 Apr17 Apr18 Apr19 Apr20 Apr21 Apr22 Apr23
LT-Debt-to-Total-Asset
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.04 0.13 0.05 0.10 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
LT-Debt-to-Total-Asset 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 -

Major Drilling Group International LT-Debt-to-Total-Asset Calculation

Major Drilling Group International's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Apr. 2023 is calculated as

LT Debt to Total Assets (A: Apr. 2023 )=Long-Term Debt & Capital Lease Obligation (A: Apr. 2023 )/Total Assets (A: Apr. 2023 )
=17.752/453.638
=0.04

Major Drilling Group International's Long-Term Debt to Total Asset Ratio for the quarter that ended in Oct. 2023 is calculated as

LT Debt to Total Assets (Q: Oct. 2023 )=Long-Term Debt & Capital Lease Obligation (Q: Oct. 2023 )/Total Assets (Q: Oct. 2023 )
=2.913/451.627
=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.

Major Drilling Group International  (OTCPK:MJDLF) 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.

Major Drilling Group International LT-Debt-to-Total-Asset Related Terms

Thank you for viewing the detailed overview of Major Drilling Group International's LT-Debt-to-Total-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.

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 » LT-Debt-to-Total-Asset
Comparable Companies
TSX:PMET TSX:SKE TSX:ALS TSX:LAAC TSX:AOT TSXV:VZLA TSX:GLO TSX:LIRC TSX:WRN TSX:PRYM ASX:BHP ASX:RIO LSE:RIO LSE:GLEN BSP:VALE3 ASX:FMG SAU:1211 GMEXICOB LSE:AAL TSX:TECK.B
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

Major Drilling announces Kim Keating to become Board Chair; David Tennant to Retire from the Board at the 2022 AGM

By GlobeNewswire GlobeNewswire • 06-27-2022

Chuck Royce Acquires New Stake in Major Drilling Group International Inc

By GuruFocus Research • 01-24-2024