| MJDLF Stock | | | USD 6.09 0.08 1.33% |
CEO
Mr. Denis Joseph Larocque is President and Chief Executive Officer, NonIndependent Director of Major Drilling Group International Inc. Mr. Larocque was the President and Chief Executive Officer of the Corporation since September 2015. Prior to that, he was the Corporationrationrations Chief Financial Officer for nine years, having progressed through a number of roles, including VP Finance and Corporationrationrate Controller, since joining the Corporation in 1994. Throughout his roles, Mr. Larocque has consistently had direct involvement in operations, acquisitions and branch setups. He holds a Bachelor of Business Administration from Laval University and was made a Fellow of the Institute of Chartered Professional Accountants in 2018. He has served as a director of Assumption Life Mutual and of Louisbourg Investments. Mr. Larocque was a Director of the Corporation since September 2015. since 2015.
| Age | 53 |
| Tenure | 10 years |
| Phone | 506 857 8636 |
| Web | https://www.majordrilling.com |
Larocque was named President and Chief Executive Officer of the Corporationrationrationration, a role that he will assume on September 11, 2015, immediately subsequent to the Meeting. He is not currently a Director of the Corporationrationrationration.
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 0.09, which may suggest the company is not taking enough advantage from borrowing. Major Drilling Group has a current ratio of 2.78, 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.
Similar Executives
Major Drilling Group International Inc. provides contract drilling services for mining and mineral exploration companies. The company was founded in 1980 and is based in Moncton, Canada with additional offices in Mexico, South America, Asia, Africa, USA, and Australia. Major Drilling operates under Other Industrial Metals Mining classification in the United States and is traded on OTC Exchange. Major Drilling Group [MJDLF] is a
Pink Sheet which is traded between brokers as part of OTC trading.
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.
Major Stock Performance Indicators
The ability to make a profit is the ultimate goal of any investor. But to identify the right pink sheet 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 Pink Sheet
Major Drilling financial ratios help investors to determine whether Major Pink Sheet 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.