Major Drilling Group International (MDI) — Tangible Net Worth Ratio
Major Drilling Group International (MDI) has a Tangible Net Worth Ratio of 96.4% as of January 2026. This metric is calculated by deducting intangible assets (CA$19.56 Million) from net assets (CA$543.63 Million) and expressing it as a percentage of total net assets. A higher ratio means that more of the company's equity is backed by tangible, balance-sheet-verifiable assets rather than goodwill, patents, or brand value. See Major Drilling Group International working capital to net assets to evaluate short-term liquidity relative to the company's equity base.
Tangible NW Ratio
Net Assets (Equity)
Intangible Assets
Total Assets
Major Drilling Group International Tangible Net Worth Ratio (1997–2025)
This chart shows how Major Drilling Group International's Tangible Net Worth Ratio has changed across 29 annual periods from 1997 to 2025. As of January 2026, the ratio stands at 96.4%, reflecting net assets of CA$543.63 Million with intangible assets of CA$19.56 Million CAD. See MDI days of operational coverage to measure how many days the company can operate on defensive assets alone.
Annual Tangible Net Worth Ratio for Major Drilling Group International (1997–2025)
The table below presents the year-by-year Tangible Net Worth Ratio for Major Drilling Group International from 1997 to 2025, covering 29 annual filings. Each row shows net assets, intangible assets, total assets, the tangible net worth ratio, and the change in percentage points versus the prior year. For the full company profile including market capitalisation, see MDI company net worth.
| Year | Tangible NW Ratio | Net Assets (CAD) | Intangible Assets | Total Assets | Change (pp) |
|---|---|---|---|---|---|
| 2025 | 95.4% | CA$522.10 Million | CA$24.26 Million | CA$718.74 Million | ▼ -4.2 pp |
| 2024 | 99.6% | CA$493.83 Million | CA$2.22 Million | CA$612.18 Million | ▲ +0.3 pp |
| 2023 | 99.3% | CA$452.58 Million | CA$3.30 Million | CA$611.68 Million | ▲ +0.5 pp |
| 2022 | 98.7% | CA$359.76 Million | CA$4.60 Million | CA$557.08 Million | ▼ -1.1 pp |
| 2021 | 99.8% | CA$280.16 Million | CA$568.00K | CA$388.53 Million | ▲ +0.1 pp |
| 2020 | 99.7% | CA$297.05 Million | CA$946.00K | CA$425.92 Million | ▼ -0.3 pp |
| 2019 | 100.0% | CA$363.00 Million | CA$0.00 | CA$461.30 Million | ▲ +0.0 pp |
| 2018 | 100.0% | CA$372.40 Million | CA$0.00 | CA$467.05 Million | ▲ +0.2 pp |
| 2017 | 99.8% | CA$409.76 Million | CA$669.00K | CA$494.57 Million | ▲ +0.6 pp |
| 2016 | 99.3% | CA$426.14 Million | CA$3.19 Million | CA$503.30 Million | ▲ +0.6 pp |
| 2015 | 98.6% | CA$460.39 Million | CA$6.26 Million | CA$542.70 Million | ▼ -1.0 pp |
| 2014 | 99.6% | CA$484.35 Million | CA$1.92 Million | CA$591.72 Million | ▲ +0.2 pp |
| 2013 | 99.4% | CA$538.33 Million | CA$3.28 Million | CA$686.23 Million | ▲ +0.7 pp |
| 2012 | 98.7% | CA$487.70 Million | CA$6.29 Million | CA$685.97 Million | ▼ -1.3 pp |
| 2011 | 100.0% | CA$337.85 Million | CA$0.00 | CA$482.26 Million | ▲ +0.0 pp |
| 2010 | 100.0% | CA$318.27 Million | CA$0.00 | CA$415.66 Million | ▲ +0.0 pp |
| 2009 | 100.0% | CA$365.35 Million | CA$0.00 | CA$469.17 Million | ▲ +0.0 pp |
| 2008 | 100.0% | CA$287.91 Million | CA$0.00 | CA$426.97 Million | ▲ +0.0 pp |
| 2007 | 100.0% | CA$220.99 Million | CA$0.00 | CA$328.38 Million | ▲ +0.0 pp |
| 2006 | 100.0% | CA$158.84 Million | CA$0.00 | CA$271.06 Million | ▲ +0.0 pp |
| 2005 | 100.0% | CA$142.50 Million | CA$0.00 | CA$255.86 Million | ▲ +0.0 pp |
| 2004 | 100.0% | CA$124.24 Million | CA$0.00 | CA$196.42 Million | ▲ +0.0 pp |
| 2003 | 100.0% | CA$91.16 Million | CA$0.00 | CA$157.92 Million | ▲ +0.0 pp |
| 2002 | 100.0% | CA$91.52 Million | CA$0.00 | CA$138.46 Million | ▲ +0.0 pp |
| 2001 | 100.0% | CA$84.48 Million | CA$0.00 | CA$146.03 Million | ▲ +0.0 pp |
| 2000 | 100.0% | CA$96.00 Million | CA$0.00 | CA$158.90 Million | ▲ +0.0 pp |
| 1999 | 100.0% | CA$100.10 Million | CA$0.00 | CA$171.00 Million | ▲ +31.8 pp |
| 1998 | 68.2% | CA$117.20 Million | CA$37.30 Million | CA$168.20 Million | ▼ -31.8 pp |
| 1997 | 100.0% | CA$57.40 Million | CA$0.00 | CA$81.20 Million | — |