Overview
Major Drilling Group International is a contract drilling company for the mining industry. With a fleet of more than 605 rigs, the group provides a complete suite of drilling services including surface and underground coring, directional, reverse circulation, sonic, geotechnical, environmental, water-well, coal-bed methane, shallow gas, underground percussive/ longhole drilling, surface drill and blast, and a variety of mine services. The company
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Read More has operations in Canada and US where it generates approximately half of sales, South America, Africa, Australia, and Asia. It was founded in 1980.
Read Less
Read More has operations in Canada and US where it generates approximately half of sales, South America, Africa, Australia, and Asia. It was founded in 1980.
Read Less
Denis Larocque
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Mine exploration, nonMetallic minerals
See All Industries , Exploration, Metal mining Test boring, Metal mining
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Actual
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Actual
$520.55 million
Actual
-3.95%
-29.15%
$612
APR
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Toronto:MDI
Contacts
Get in Touch with 19 Principals* and 153 Contacts
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Denis LarocquePresident and Member of the Board of Directors
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Contact 2?
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Contact 3?
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Contact 4?
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Financial Statements
Dun & Bradstreet collects private company financials for more than 23 million companies worldwide. Find out more.
Financial data as of April 30, 2024 (12 month period) in USD
Annual Revenue 2024
$520.55 million
USD
Actual
1 USD = 1.3576 CAD
All financial statement data is in millions except per share data | Source: Morningstar
| Cash Flow (mil) | 2024 | 2023 | 2022 |
|---|---|---|---|
| Net Operating Cash | $83 | $83 | $70 |
| Net Investing Cash | -$58 | -$47 | -$63 |
| Net Financing Cash | -$24 | -$22 | $28 |
| Net Change in Cash | $1 | $14 | $35 |
| Cash at Beginning of Period | $70 | $52 | $16 |
| Cash at End of Period | $71 | $70 | $52 |
| Capital Expenditure | -$54 | -$43 | -$37 |
| Assets (mil) | 2024 | 2023 | 2022 |
|---|---|---|---|
| Current Assets | |||
| Cash and Cash Equivalents | $71 | $70 | $52 |
| Accounts Receivable | $90 | $101 | $105 |
| Inventories | $82 | $85 | $71 |
| Other Current Assets | $10 | $10 | $8 |
| Asset Summary | |||
| Total Current Assets | $252 | $266 | $237 |
| Tangible Fixed Assets | $178 | $163 | $150 |
| Intangible Assets | $2 | $2 | $3 |
| Total Assets | $612 | $612 | $557 |
| Liabilities (mil) | 2024 | 2023 | 2022 |
|---|---|---|---|
| Current Liabilities | |||
| Accounts Payable | $64 | $75 | $76 |
| Short-Term Debt | $ | $ | $ |
| Other Current Liabilities | $11 | $9 | $11 |
| Liability Summary | |||
| Total Current Liabilities | $74 | $84 | $87 |
| Long-Term Debt | $ | $15 | $37 |
| Other Long-Term Liabilities | $ | $6 | $11 |
| Total Liabilities | $87 | $117 | $145 |
| Stakeholder's Equity (mil) | 2024 | 2023 | 2022 |
|---|---|---|---|
| Equity | |||
| Common Stock | $193 | $196 | $194 |
| Retained Earnings | $112 | $78 | $23 |
| Equity Summary | |||
| Total Equity | $364 | $333 | $265 |
| Shares Outstanding | 81,793,486 | 83,028,129 | 82,706,454 |