Major Drilling Group International (MDI) — Defensive Interval Ratio

Latest as of January 2026: 650 days

Major Drilling Group International (MDI) has a Defensive Interval Ratio of 650 days as of January 2026. Defensive assets of CA$228.09 Million (cash CA$88.65 Million, short-term investments CA$-, receivables CA$139.45 Million) cover 650 days of daily cash needs of CA$350.72K/day. Check tangible equity quality of Major Drilling Group International to evaluate the tangible quality of the company's equity base.

Defensive Interval Ratio

650 days
Days of operational coverage

Defensive Assets

CA$228.09 Million
Cash + ST Investments + Receivables

Daily Cash Need

CA$350.72K
Current Liabilities ÷ 365

Current Liabilities

CA$128.01 Million
CAD

Major Drilling Group International Defensive Interval Ratio (1997–2025)

This chart shows how Major Drilling Group International's Defensive Interval Ratio has evolved across 29 annual periods from 1997 to 2025. As of January 2026, the ratio stands at 650 days, meaning defensive assets of CA$228.09 Million can fund 650 days of operations without new revenue. Also explore Major Drilling Group International equity growth rate to track the company's year-over-year net asset growth rate.

Annual Defensive Interval Ratio for Major Drilling Group International (1997–2025)

The table below presents the year-by-year Defensive Interval Ratio for Major Drilling Group International from 1997 to 2025, covering 29 annual filings. Each row shows defensive assets, daily cash need, the DIR in days, and the change in days compared to the prior year. For live market cap and the full company financial profile, see Major Drilling Group International stock valuation.

Year DIR (days) Defensive Assets (CAD) Daily Cash Need Cash ST Investments Change (days)
2025 433 days CA$151.72 Million CA$350.34K/day CA$- CA$- ▼ -23 days
2024 456 days CA$126.05 Million CA$276.30K/day CA$- CA$- ▲ +10 days
2023 446 days CA$139.97 Million CA$313.90K/day CA$- CA$- ▼ -3 days
2022 448 days CA$144.66 Million CA$322.57K/day CA$- CA$- ▼ -181 days
2021 630 days CA$130.90 Million CA$207.89K/day CA$22.36 Million CA$- ▼ -203 days
2020 833 days CA$134.42 Million CA$161.45K/day CA$58.43 Million CA$- ▲ +166 days
2019 667 days CA$119.93 Million CA$179.85K/day CA$27.37 Million CA$- ▼ -12 days
2018 679 days CA$114.64 Million CA$168.86K/day CA$21.26 Million CA$- ▲ +41 days
2017 638 days CA$104.61 Million CA$163.89K/day CA$25.98 Million CA$- ▲ +112 days
2016 527 days CA$63.80 Million CA$121.14K/day CA$- CA$- ▼ -38 days
2015 565 days CA$70.74 Million CA$125.26K/day CA$- CA$- ▲ +151 days
2014 414 days CA$78.39 Million CA$189.41K/day CA$- CA$- ▼ -37 days
2013 451 days CA$108.09 Million CA$239.54K/day CA$- CA$- ▼ -15 days
2012 466 days CA$163.08 Million CA$349.75K/day CA$- CA$- ▲ +124 days
2011 343 days CA$103.02 Million CA$300.57K/day CA$- CA$- ▼ -53 days
2010 396 days CA$72.18 Million CA$182.36K/day CA$- CA$- ▲ +70 days
2009 326 days CA$58.55 Million CA$179.53K/day CA$- CA$- ▼ -57 days
2008 384 days CA$106.77 Million CA$278.34K/day CA$- CA$- ▲ +25 days
2007 358 days CA$80.22 Million CA$223.88K/day CA$- CA$- ▲ +90 days
2006 268 days CA$60.41 Million CA$225.27K/day CA$- CA$135.00K ▼ -16 days
2005 284 days CA$58.93 Million CA$207.46K/day CA$- CA$210.00K ▲ +17 days
2004 268 days CA$38.20 Million CA$142.82K/day CA$- CA$794.00K ▲ +18 days
2003 249 days CA$30.82 Million CA$123.69K/day CA$- CA$745.00K ▼ -75 days
2002 324 days CA$24.46 Million CA$75.53K/day CA$- CA$1.03 Million ▲ +62 days
2001 262 days CA$24.08 Million CA$91.98K/day CA$- CA$1.06 Million ▼ -33 days
2000 295 days CA$24.50 Million CA$83.01K/day CA$- CA$1.60 Million ▲ +67 days
1999 228 days CA$24.20 Million CA$106.30K/day CA$- CA$- ▼ -139 days
1998 367 days CA$37.30 Million CA$101.64K/day CA$- CA$- ▼ -39 days
1997 406 days CA$21.80 Million CA$53.70K/day CA$- CA$- —
DIR = (Cash + Short-term Investments + Net Receivables) / (Daily Cash Expenses)