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Major Drilling Group (TSE:MDI)
TSX:MDI
Canadian Market

Major Drilling (MDI) Ratios

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Major Drilling Ratios

TSE:MDI's free cash flow for Q3 2026 was C$0.05. For the 2026 fiscal year, TSE:MDI's free cash flow was decreased by C$ and operating cash flow was C$-0.06. See a summary of the company’s cash flow.
Ratios
TTM
Apr 24Apr 22Apr 21Apr 20
Liquidity Ratios
Current Ratio
2.71 3.40 2.73 2.94 4.05
Quick Ratio
1.85 2.30 1.91 1.81 2.36
Cash Ratio
0.69 0.95 0.61 0.29 0.99
Solvency Ratio
0.44 0.89 0.49 0.45 -0.24
Operating Cash Flow Ratio
0.66 1.11 0.81 0.45 0.71
Short-Term Operating Cash Flow Coverage
42.48 0.00 0.00 96.76 41.12
Net Current Asset Value
C$ 155.88MC$ 224.26MC$ 124.34MC$ 114.83MC$ 109.87M
Leverage Ratios
Debt-to-Assets Ratio
0.06 <0.01 0.10 0.05 0.13
Debt-to-Equity Ratio
0.08 <0.01 0.15 0.07 0.19
Debt-to-Capital Ratio
0.07 <0.01 0.13 0.06 0.16
Long-Term Debt-to-Capital Ratio
0.06 0.00 0.12 0.05 0.14
Financial Leverage Ratio
1.35 1.24 1.55 1.39 1.43
Debt Service Coverage Ratio
20.86 0.00 60.82 31.83 -14.22
Interest Coverage Ratio
16.57 0.00 43.84 11.04 8.97
Debt to Market Cap
0.03 0.00 0.05 0.03 0.18
Interest Debt Per Share
0.54 0.06 0.69 0.25 0.70
Net Debt to EBITDA
-0.49 -0.73 -0.14 -0.06 0.22
Profitability Margins
Gross Profit Margin
14.89%21.61%21.49%14.83%14.82%
EBIT Margin
3.12%10.40%10.78%3.41%-13.31%
EBITDA Margin
11.40%17.72%17.54%12.05%-3.64%
Operating Profit Margin
4.29%11.82%10.98%2.98%2.43%
Pretax Profit Margin
2.77%10.05%10.53%3.14%-13.58%
Net Profit Margin
1.68%7.51%8.22%2.32%-17.34%
Continuous Operations Profit Margin
1.68%7.51%8.22%2.32%-17.34%
Net Income Per EBT
60.80%74.75%78.06%73.86%127.74%
EBT Per EBIT
64.63%85.00%95.89%105.36%-559.06%
Return on Assets (ROA)
1.93%8.67%9.60%2.58%-16.66%
Return on Equity (ROE)
2.63%10.75%14.86%3.58%-23.89%
Return on Capital Employed (ROCE)
5.96%16.34%16.26%4.12%2.71%
Return on Invested Capital (ROIC)
3.61%12.18%12.65%3.03%2.69%
Return on Tangible Assets
2.19%9.04%10.09%2.64%-17.01%
Earnings Yield
1.14%6.74%5.60%1.78%-24.84%
Efficiency Ratios
Receivables Turnover
6.04 5.61 4.50 3.98 5.38
Payables Turnover
6.36 6.42 4.98 5.04 6.24
Inventory Turnover
6.51 5.00 5.28 4.30 3.49
Fixed Asset Turnover
3.02 2.92 3.19 2.92 2.42
Asset Turnover
1.15 1.15 1.17 1.11 0.96
Working Capital Turnover Ratio
3.75 2.90 3.70 2.64 2.48
Cash Conversion Cycle
59.07 81.30 77.02 104.09 113.84
Days of Sales Outstanding
60.38 65.11 81.18 91.69 67.79
Days of Inventory Outstanding
56.11 73.01 69.18 84.89 104.55
Days of Payables Outstanding
57.42 56.81 73.33 72.49 58.50
Operating Cycle
116.49 138.11 150.36 176.58 172.34
Cash Flow Ratios
Operating Cash Flow Per Share
1.03 1.36 1.15 0.43 0.52
Free Cash Flow Per Share
0.36 0.47 0.55 0.04 0.13
CapEx Per Share
0.67 0.89 0.61 0.39 0.40
Free Cash Flow to Operating Cash Flow
0.35 0.34 0.47 0.09 0.24
Dividend Paid and CapEx Coverage Ratio
1.53 1.52 1.90 1.10 1.31
Capital Expenditure Coverage Ratio
1.53 1.52 1.90 1.10 1.31
Operating Cash Flow Coverage Ratio
2.02 23.76 1.71 1.79 0.76
Operating Cash Flow to Sales Ratio
0.10 0.16 0.15 0.08 0.10
Free Cash Flow Yield
2.35%4.89%4.71%0.56%3.53%
Valuation Ratios
Price-to-Earnings (P/E) Ratio
87.53 14.83 17.86 56.10 -4.03
Price-to-Sales (P/S) Ratio
1.48 1.11 1.47 1.30 0.70
Price-to-Book (P/B) Ratio
2.29 1.59 2.65 2.01 0.96
Price-to-Free Cash Flow (P/FCF) Ratio
42.54 20.45 21.25 178.97 28.37
Price-to-Operating Cash Flow Ratio
14.72 7.03 10.07 16.34 6.78
Price-to-Earnings Growth (PEG) Ratio
-8.32 -0.51 0.04 -0.49 -0.01
Price-to-Fair Value
2.29 1.59 2.65 2.01 0.96
Enterprise Value Multiple
12.47 5.56 8.23 10.75 -18.95
Enterprise Value
1.20B 695.68M 939.11M 559.71M 282.40M
EV to EBITDA
12.47 5.56 8.23 10.75 -18.95
EV to Sales
1.42 0.98 1.44 1.30 0.69
EV to Free Cash Flow
40.94 18.07 20.90 177.97 28.04
EV to Operating Cash Flow
14.20 6.21 9.90 16.25 6.71
Tangible Book Value Per Share
5.58 5.70 4.04 3.37 3.58
Shareholders’ Equity Per Share
6.64 6.00 4.37 3.47 3.69
Tax and Other Ratios
Effective Tax Rate
0.39 0.25 0.22 0.26 -0.28
Revenue Per Share
10.29 8.58 7.91 5.36 5.08
Net Income Per Share
0.17 0.64 0.65 0.12 -0.88
Tax Burden
0.61 0.75 0.78 0.74 1.28
Interest Burden
0.89 0.97 0.98 0.92 1.02
Research & Development to Revenue
0.00 0.00 0.00 0.00 0.00
SG&A to Revenue
0.07 0.10 0.08 0.10 0.12
Stock-Based Compensation to Revenue
<0.01 <0.01 <0.01 <0.01 <0.01
Income Quality
3.45 2.11 1.39 2.54 -0.76
Currency in CAD