Major Drilling Group International Inc
Major Drilling Group International Inc. provides contract drilling services to mining and mineral exploration companies in the United States, Canada, South and Central America, Australasia, and Africa. The company offers various drilling services, including reverse circulation, surface and underground coring, directional, sonic, geotechnical, environmental, water-well, coal-bed methane, shallow g… Read more
Major Drilling Group International Inc (MJDLF) - Net Assets
Latest net assets as of October 2025: $558.01 Million USD
Based on the latest financial reports, Major Drilling Group International Inc (MJDLF) has net assets worth $558.01 Million USD as of October 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($778.95 Million) and total liabilities ($220.94 Million). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $558.01 Million |
| % of Total Assets | 71.64% |
| Annual Growth Rate | 8.2% |
| 5-Year Change | 86.36% |
| 10-Year Change | 22.52% |
| Growth Volatility | 25.02 |
Major Drilling Group International Inc - Net Assets Trend (1997–2025)
This chart illustrates how Major Drilling Group International Inc's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Major Drilling Group International Inc (1997–2025)
The table below shows the annual net assets of Major Drilling Group International Inc from 1997 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-04-30 | $522.10 Million | +5.72% |
| 2024-04-30 | $493.83 Million | +9.12% |
| 2023-04-30 | $452.58 Million | +25.80% |
| 2022-04-30 | $359.76 Million | +28.41% |
| 2021-04-30 | $280.16 Million | -5.68% |
| 2020-04-30 | $297.05 Million | -18.17% |
| 2019-04-30 | $363.00 Million | -2.52% |
| 2018-04-30 | $372.40 Million | -9.12% |
| 2017-04-30 | $409.76 Million | -3.84% |
| 2016-04-30 | $426.14 Million | -7.44% |
| 2015-04-30 | $460.39 Million | -4.95% |
| 2014-04-30 | $484.35 Million | -10.03% |
| 2013-04-30 | $538.33 Million | +10.38% |
| 2012-04-30 | $487.70 Million | +44.35% |
| 2011-04-30 | $337.85 Million | +6.15% |
| 2010-04-30 | $318.27 Million | -12.89% |
| 2009-04-30 | $365.35 Million | +26.90% |
| 2008-04-30 | $287.91 Million | +30.28% |
| 2007-04-30 | $220.99 Million | +39.13% |
| 2006-04-30 | $158.84 Million | +11.46% |
| 2005-04-30 | $142.50 Million | +14.70% |
| 2004-04-30 | $124.24 Million | +36.29% |
| 2003-04-30 | $91.16 Million | -0.39% |
| 2002-04-30 | $91.52 Million | +8.32% |
| 2001-04-30 | $84.48 Million | -11.99% |
| 2000-04-30 | $96.00 Million | -4.10% |
| 1999-04-30 | $100.10 Million | -14.59% |
| 1998-04-30 | $117.20 Million | +104.18% |
| 1997-04-30 | $57.40 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Major Drilling Group International Inc's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 649.8% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (April 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $177.69 Million | 34.03% |
| Common Stock | $263.11 Million | 50.39% |
| Other Comprehensive Income | $77.68 Million | 14.88% |
| Other Components | $3.62 Million | 0.69% |
| Total Equity | $522.10 Million | 100.00% |
Major Drilling Group International Inc Competitors by Market Cap
The table below lists competitors of Major Drilling Group International Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Compass Diversified Holdings
NYSE:CODI
|
$400.10 Million |
|
Chromadex Corp
NASDAQ:CDXC
|
$400.11 Million |
|
Pansoft Company Limited
SHE:300996
|
$400.16 Million |
|
Yan Tai Shuang Ta Food Co Ltd
SHE:002481
|
$400.18 Million |
|
Nanjing Canatal Data Centre Environmental Tech Co Ltd Class A
SHG:603912
|
$399.97 Million |
|
Columbus McKinnon Corporation
NASDAQ:CMCO
|
$399.93 Million |
|
Metro Brands Limited
NSE:METROBRAND
|
$399.87 Million |
|
Belships
OL:BELCO
|
$399.83 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Major Drilling Group International Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 493,832,000 to 522,098,000, a change of 28,266,000 (5.7%).
- Net income of 25,955,000 contributed positively to equity growth.
- Other comprehensive income increased equity by 1,897,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $25.95 Million | +4.97% |
| Other Comprehensive Income | $1.90 Million | +0.36% |
| Other Changes | $414.00K | +0.08% |
| Total Change | $- | 5.72% |
Book Value vs Market Value Analysis
This analysis compares Major Drilling Group International Inc's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 0.77x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has decreased from 1.69x to 0.77x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1997-04-30 | $2.89 | $4.89 | x |
| 1998-04-30 | $3.30 | $4.89 | x |
| 1999-04-30 | $2.94 | $4.89 | x |
| 2000-04-30 | $3.20 | $4.89 | x |
| 2001-04-30 | $2.50 | $4.89 | x |
| 2002-04-30 | $2.78 | $4.89 | x |
| 2003-04-30 | $1.92 | $4.89 | x |
| 2004-04-30 | $2.03 | $4.89 | x |
| 2005-04-30 | $2.14 | $4.89 | x |
| 2006-04-30 | $2.27 | $4.89 | x |
| 2007-04-30 | $3.13 | $4.89 | x |
| 2008-04-30 | $4.02 | $4.89 | x |
| 2009-04-30 | $5.09 | $4.89 | x |
| 2010-04-30 | $4.44 | $4.89 | x |
| 2011-04-30 | $4.68 | $4.89 | x |
| 2012-04-30 | $6.33 | $4.89 | x |
| 2013-04-30 | $6.76 | $4.89 | x |
| 2014-04-30 | $6.11 | $4.89 | x |
| 2015-04-30 | $5.76 | $4.89 | x |
| 2016-04-30 | $5.32 | $4.89 | x |
| 2017-04-30 | $5.11 | $4.89 | x |
| 2018-04-30 | $4.64 | $4.89 | x |
| 2019-04-30 | $4.52 | $4.89 | x |
| 2020-04-30 | $3.69 | $4.89 | x |
| 2021-04-30 | $3.47 | $4.89 | x |
| 2022-04-30 | $4.35 | $4.89 | x |
| 2023-04-30 | $5.44 | $4.89 | x |
| 2024-04-30 | $5.98 | $4.89 | x |
| 2025-04-30 | $6.37 | $4.89 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Major Drilling Group International Inc utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 4.97%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 3.57%
- • Asset Turnover: 1.01x
- • Equity Multiplier: 1.38x
- Recent ROE (4.97%) is above the historical average (3.55%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1997 | 17.42% | 11.25% | 1.09x | 1.41x | $4.26 Million |
| 1998 | 7.63% | 5.63% | 0.94x | 1.44x | $-2.76 Million |
| 1999 | -14.19% | -10.86% | 0.76x | 1.71x | $-24.21 Million |
| 2000 | -0.21% | -0.18% | 0.68x | 1.66x | $-9.80 Million |
| 2001 | -6.44% | -4.19% | 0.89x | 1.73x | $-13.89 Million |
| 2002 | -10.86% | -9.11% | 0.79x | 1.51x | $-19.09 Million |
| 2003 | 2.78% | 1.56% | 1.03x | 1.73x | $-6.58 Million |
| 2004 | 3.95% | 2.53% | 0.99x | 1.58x | $-7.52 Million |
| 2005 | 10.91% | 5.77% | 1.05x | 1.80x | $1.30 Million |
| 2006 | 18.08% | 8.18% | 1.29x | 1.71x | $12.80 Million |
| 2007 | 26.61% | 14.15% | 1.27x | 1.49x | $36.70 Million |
| 2008 | 25.74% | 12.55% | 1.38x | 1.48x | $45.30 Million |
| 2009 | 12.57% | 8.78% | 1.11x | 1.28x | $9.40 Million |
| 2010 | -0.15% | -0.15% | 0.74x | 1.31x | $-32.29 Million |
| 2011 | 8.17% | 5.72% | 1.00x | 1.43x | $-6.19 Million |
| 2012 | 18.40% | 11.25% | 1.16x | 1.41x | $40.98 Million |
| 2013 | 9.68% | 7.49% | 1.01x | 1.27x | $-1.72 Million |
| 2014 | -11.42% | -15.58% | 0.60x | 1.22x | $-103.74 Million |
| 2015 | -10.77% | -16.21% | 0.56x | 1.18x | $-95.60 Million |
| 2016 | -10.63% | -14.87% | 0.61x | 1.18x | $-87.90 Million |
| 2017 | -10.27% | -13.99% | 0.61x | 1.21x | $-83.04 Million |
| 2018 | -6.03% | -6.56% | 0.73x | 1.25x | $-59.69 Million |
| 2019 | -4.98% | -4.70% | 0.83x | 1.27x | $-54.38 Million |
| 2020 | -23.89% | -17.34% | 0.96x | 1.43x | $-100.67 Million |
| 2021 | 3.58% | 2.32% | 1.11x | 1.39x | $-17.98 Million |
| 2022 | 14.86% | 8.22% | 1.17x | 1.55x | $17.48 Million |
| 2023 | 16.55% | 10.18% | 1.20x | 1.35x | $29.66 Million |
| 2024 | 10.75% | 7.51% | 1.15x | 1.24x | $3.70 Million |
| 2025 | 4.97% | 3.57% | 1.01x | 1.38x | $-26.25 Million |
Industry Comparison
This section compares Major Drilling Group International Inc's net assets metrics with peer companies in the Other Industrial Metals & Mining industry.
Industry Context
- Industry: Other Industrial Metals & Mining
- Average net assets among peers: $2,436,539,064
- Average return on equity (ROE) among peers: -72.31%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Major Drilling Group International Inc (MJDLF) | $558.01 Million | 17.42% | 0.40x | $400.06 Million |
| Asia Broadband Inc (AABB) | $-384.18K | 0.00% | 0.00x | $228.54 |
| Altair Resources Inc (AAEEF) | $519.85K | -583.77% | 3.27x | $165.38K |
| Aftermath Silver Ltd (AAGFF) | $26.16 Million | -26.37% | 0.41x | $99.81 Million |
| Anglo American plc (AAUKF) | $24.32 Billion | 6.55% | 1.06x | $26.36 Billion |
| Abacus Mining & Exploration Corporation (ABCFF) | $-123.88K | 0.00% | 0.00x | $1.95 Million |
| Vision Lithium Inc (ABEPF) | $-384.45K | 0.00% | 0.00x | $3.75 Million |
| Arbor Metals Corp (ABRMF) | $700.32K | -22.12% | 0.03x | $3.05 Million |
| ACG Metals Limited (ACGAF) | $3.51 Million | -77.72% | 0.31x | $121.32 Million |
| ACME Lithium Inc (ACLHF) | $-1.00 Million | 0.00% | 0.00x | $561.74K |
| ACMNF (ACMNF) | $11.40 Million | -19.68% | 0.16x | $14.34 Million |