David Balser - Major Drilling Advisor

3MJ Stock  EUR 5.65  0.05  0.88%   

Insider

David Balser is Advisor of Major Drilling Group
Phone506 857 8636
Webhttps://www.majordrilling.com

Major Drilling Management Efficiency

The company has return on total asset (ROA) of 0.1144 % which means that it generated a profit of $0.1144 on every $100 spent on assets. This is way below average. Similarly, it shows a return on equity (ROE) of 0.2052 %, meaning that it generated $0.2052 on every $100 dollars invested by stockholders. Major Drilling's management efficiency ratios could be used to measure how well Major Drilling manages its routine affairs as well as how well it operates its assets and liabilities.
Major Drilling Group has accumulated 50 M in total debt with debt to equity ratio (D/E) of 4.7, indicating the company may have difficulties to generate enough cash to satisfy its financial obligations. Major Drilling Group has a current ratio of 3.21, suggesting that it is liquid and has the ability to pay its financial obligations in time and when they become due. Debt can assist Major Drilling until it has trouble settling it off, either with new capital or with free cash flow. So, Major Drilling's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Major Drilling Group sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Major to invest in growth at high rates of return. When we think about Major Drilling's use of debt, we should always consider it together with cash and equity.

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Major Drilling Group International Inc. provides contract drilling services for mining and mineral exploration companies in Canada, the United States, Mexico, South America, Asia, Africa, and Europe. Major Drilling Group International Inc. was founded in 1980 and is headquartered in Moncton, Canada. MAJOR DRILLING operates under Industrial Metals Minerals classification in Germany and is traded on Frankfurt Stock Exchange. It employs 2986 people. Major Drilling Group (3MJ) is traded on Frankfurt Exchange in Germany and employs 7 people.

Management Performance

Major Drilling Group Leadership Team

Elected by the shareholders, the Major Drilling's board of directors comprises two types of representatives: Major Drilling inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Major. The board's role is to monitor Major Drilling's management team and ensure that shareholders' interests are well served. Major Drilling's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Major Drilling's outside directors are responsible for providing unbiased perspectives on the board's policies.
Ben Graham, VP Safety
Marc Landry, VP Logistics
Andrew McLaughlin, Gen Affairs
Ian Ross, Chief Officer
David Balser, Advisor
Chantal Melanson, Ex Assistant
Denis Larocque, CEO Pres

Major Stock Performance Indicators

The ability to make a profit is the ultimate goal of any investor. But to identify the right stock is not an easy task. Is Major Drilling a good investment? Although profit is still the single most important financial element of any organization, multiple performance indicators can help investors identify the equity that they will appreciate over time.

Currently Active Assets on Macroaxis

Other Information on Investing in Major Stock

Major Drilling financial ratios help investors to determine whether Major Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Major with respect to the benefits of owning Major Drilling security.