Major Drilling Group International (MDI) — Working Capital to Net Assets Ratio
Major Drilling Group International (MDI) has a Working Capital to Net Assets ratio of 40.3% as of January 2026. Working capital of CA$218.85 Million (current assets of CA$346.86 Million minus current liabilities of CA$128.01 Million) is measured against net assets of CA$543.63 Million. A higher ratio indicates strong short-term liquidity financed by the equity base. See Major Drilling Group International balance sheet quality to measure how much of total assets are equity-financed.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Major Drilling Group International Working Capital to Net Assets (1997–2025)
This chart shows how Major Drilling Group International's Working Capital to Net Assets ratio has evolved across 29 annual periods from 1997 to 2025. As of January 2026, the ratio stands at 40.3%, reflecting working capital of CA$218.85 Million against net assets of CA$543.63 Million CAD. Check tangible equity quality of Major Drilling Group International to evaluate the tangible quality of the company's equity base.
Annual Working Capital to Net Assets for Major Drilling Group International (1997–2025)
The table below presents the year-by-year Working Capital to Net Assets ratio for Major Drilling Group International from 1997 to 2025, covering 29 annual filings. Each row shows current assets, current liabilities, working capital, net assets, the ratio, and the change in percentage points compared to the prior year. For live market cap and the full company profile, see market cap of Major Drilling Group International.
| Year | WC/NA Ratio | Working Capital (CAD) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2025 | 37.1% | CA$193.95 Million | CA$522.10 Million | CA$321.83 Million | CA$127.88 Million | ▼ -11.8 pp |
| 2024 | 49.0% | CA$241.76 Million | CA$493.83 Million | CA$342.61 Million | CA$100.85 Million | ▼ -5.4 pp |
| 2023 | 54.3% | CA$245.95 Million | CA$452.58 Million | CA$360.52 Million | CA$114.57 Million | ▼ -2.3 pp |
| 2022 | 56.7% | CA$203.92 Million | CA$359.76 Million | CA$321.66 Million | CA$117.74 Million | ▲ +4.1 pp |
| 2021 | 52.6% | CA$147.32 Million | CA$280.16 Million | CA$223.20 Million | CA$75.88 Million | ▼ -8.0 pp |
| 2020 | 60.5% | CA$179.81 Million | CA$297.05 Million | CA$238.74 Million | CA$58.93 Million | ▲ +19.3 pp |
| 2019 | 41.2% | CA$149.67 Million | CA$363.00 Million | CA$215.31 Million | CA$65.64 Million | ▲ +4.1 pp |
| 2018 | 37.2% | CA$138.45 Million | CA$372.40 Million | CA$200.08 Million | CA$61.63 Million | ▲ +4.0 pp |
| 2017 | 33.2% | CA$136.04 Million | CA$409.76 Million | CA$195.86 Million | CA$59.82 Million | ▼ -1.2 pp |
| 2016 | 34.4% | CA$146.45 Million | CA$426.14 Million | CA$190.67 Million | CA$44.22 Million | ▲ +1.3 pp |
| 2015 | 33.0% | CA$152.13 Million | CA$460.39 Million | CA$197.85 Million | CA$45.72 Million | ▼ -2.0 pp |
| 2014 | 35.0% | CA$169.50 Million | CA$484.35 Million | CA$238.63 Million | CA$69.14 Million | ▼ -1.6 pp |
| 2013 | 36.6% | CA$197.21 Million | CA$538.33 Million | CA$284.64 Million | CA$87.43 Million | ▲ +0.5 pp |
| 2012 | 36.1% | CA$176.04 Million | CA$487.70 Million | CA$303.70 Million | CA$127.66 Million | ▲ +10.0 pp |
| 2011 | 26.1% | CA$88.02 Million | CA$337.85 Million | CA$197.73 Million | CA$109.71 Million | ▼ -6.8 pp |
| 2010 | 32.9% | CA$104.63 Million | CA$318.27 Million | CA$171.19 Million | CA$66.56 Million | ▼ -2.7 pp |
| 2009 | 35.6% | CA$129.94 Million | CA$365.35 Million | CA$195.47 Million | CA$65.53 Million | ▼ -3.1 pp |
| 2008 | 38.6% | CA$111.20 Million | CA$287.91 Million | CA$212.79 Million | CA$101.59 Million | ▼ -0.3 pp |
| 2007 | 38.9% | CA$86.03 Million | CA$220.99 Million | CA$167.75 Million | CA$81.72 Million | ▼ -1.5 pp |
| 2006 | 40.4% | CA$64.17 Million | CA$158.84 Million | CA$146.39 Million | CA$82.22 Million | ▲ +3.4 pp |
| 2005 | 37.0% | CA$52.74 Million | CA$142.50 Million | CA$128.46 Million | CA$75.72 Million | ▲ +6.3 pp |
| 2004 | 30.7% | CA$38.17 Million | CA$124.24 Million | CA$90.30 Million | CA$52.13 Million | ▲ +3.1 pp |
| 2003 | 27.7% | CA$25.22 Million | CA$91.16 Million | CA$70.37 Million | CA$45.15 Million | ▼ -5.7 pp |
| 2002 | 33.4% | CA$30.55 Million | CA$91.52 Million | CA$58.12 Million | CA$27.57 Million | ▼ -1.4 pp |
| 2001 | 34.8% | CA$29.41 Million | CA$84.48 Million | CA$62.98 Million | CA$33.57 Million | ▼ -6.3 pp |
| 2000 | 41.1% | CA$39.50 Million | CA$96.00 Million | CA$69.80 Million | CA$30.30 Million | ▲ +0.9 pp |
| 1999 | 40.3% | CA$40.30 Million | CA$100.10 Million | CA$79.10 Million | CA$38.80 Million | ▲ +0.1 pp |
| 1998 | 40.2% | CA$47.10 Million | CA$117.20 Million | CA$84.20 Million | CA$37.10 Million | ▼ -17.1 pp |
| 1997 | 57.3% | CA$32.90 Million | CA$57.40 Million | CA$52.50 Million | CA$19.60 Million | — |