Independence Capital Expenditures vs Sale Purchase Of Stock Analysis

ICD Stock

USD 1.45 0.02 1.40%

Independence Contract financial indicator trend analysis is infinitely more than just investigating Independence Contract recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Independence Contract is a good investment. Please check the relationship between Independence Contract Capital Expenditures and its Sale Purchase Of Stock accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Independence Contract Drilling. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in main economic indicators.

Capital Expenditures vs Sale Purchase Of Stock

Capital Expenditures vs Sale Purchase Of Stock Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Independence Contract Capital Expenditures account and Sale Purchase Of Stock. At this time, the significance of the direction appears to have weak contrarian relationship.

The correlation between Independence Contract's Capital Expenditures and Sale Purchase Of Stock is -0.11. Overlapping area represents the amount of variation of Capital Expenditures that can explain the historical movement of Sale Purchase Of Stock in the same time period over historical financial statements of Independence Contract Drilling, assuming nothing else is changed. The correlation between historical values of Independence Contract's Capital Expenditures and Sale Purchase Of Stock is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Capital Expenditures of Independence Contract Drilling are associated (or correlated) with its Sale Purchase Of Stock. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Sale Purchase Of Stock has no effect on the direction of Capital Expenditures i.e., Independence Contract's Capital Expenditures and Sale Purchase Of Stock go up and down completely randomly.

Correlation Coefficient

-0.11

Relationship Direction	Negative
Relationship Strength	Insignificant

View All Relationships

Capital Expenditures

Capital Expenditures are funds used by Independence Contract to acquire physical assets such as property, industrial buildings or equipment. This type of outlay is used by management to increase the scope of Independence Contract operations. These expenditures can include everything from repairing an office equipment, building a brand new facility, or writing new software.

Sale Purchase Of Stock

Most indicators from Independence Contract's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Independence Contract current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Independence Contract Drilling. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in main economic indicators.

As of June 3, 2024, Selling General Administrative is expected to decline to about 17 M. The current year's Tax Provision is expected to grow to about (7.6 M)

	2021	2022	2023	2024 (projected)
Interest Expense	15.2M	29.6M	36.0M	37.8M
Depreciation And Amortization	39.5M	40.4M	43.5M	31.8M

Interest Expense Depreciation And Amortization

Independence Contract fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Other Liab	Property Plant And Equipment Net	Current Deferred Revenue	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Cash And Short Term Investments	Net Receivables	Common Stock Total Equity	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Treasury Stock	Common Stock	Property Plant Equipment
Total Assets		0.94	0.88	0.77	0.55	0.97	0.01	0.91	-0.67	0.53	-0.58	0.99	-0.58	0.89	0.56	0.57	0.76	0.49	0.9	0.91	0.8	0.89	0.48	-0.86	0.56	0.99
Other Current Liab	0.94		0.91	0.76	0.59	0.91	-0.07	0.84	-0.58	0.55	-0.49	0.91	-0.49	0.9	0.62	0.48	0.66	0.41	0.92	0.83	0.71	0.84	0.61	-0.82	0.62	0.91
Total Current Liabilities	0.88	0.91		0.61	0.63	0.85	-0.07	0.84	-0.69	0.83	-0.51	0.86	-0.51	0.95	0.46	0.64	0.69	0.35	0.8	0.87	0.75	0.9	0.54	-0.82	0.46	0.86
Total Stockholder Equity	0.77	0.76	0.61		0.1	0.83	0.19	0.53	-0.17	0.25	-0.46	0.75	-0.46	0.68	0.84	0.08	0.33	0.76	0.84	0.52	0.38	0.48	0.52	-0.51	0.86	0.78
Other Liab	0.55	0.59	0.63	0.1		0.44	-0.19	0.59	-0.82	0.52	-0.22	0.53	-0.22	0.59	-0.12	0.85	0.83	-0.16	0.52	0.66	0.84	0.71	0.39	-0.63	-0.09	0.48
Property Plant And Equipment Net	0.97	0.91	0.85	0.83	0.44		0.08	0.91	-0.62	0.46	-0.68	0.97	-0.68	0.84	0.57	0.5	0.68	0.56	0.9	0.89	0.72	0.87	0.36	-0.86	0.58	0.99
Current Deferred Revenue	0.01	-0.07	-0.07	0.19	-0.19	0.08		-0.04	0.23	-0.08	-0.22	0.02	-0.22	0.1	0.14	-0.19	-0.13	0.45	0.11	-0.13	-0.13	-0.03	-0.08	0.23	0.14	0.06
Net Debt	0.91	0.84	0.84	0.53	0.59	0.91	-0.04		-0.82	0.49	-0.69	0.93	-0.69	0.78	0.27	0.69	0.8	0.26	0.75	0.96	0.83	0.95	0.18	-0.95	0.26	0.93
Retained Earnings	-0.67	-0.58	-0.69	-0.17	-0.82	-0.62	0.23	-0.82		-0.55	0.47	-0.7	0.47	-0.58	0.16	-0.97	-0.93	0.09	-0.46	-0.87	-0.93	-0.86	-0.08	0.87	0.13	-0.67
Accounts Payable	0.53	0.55	0.83	0.25	0.52	0.46	-0.08	0.49	-0.55		-0.34	0.51	-0.34	0.79	0.23	0.61	0.48	0.23	0.44	0.6	0.54	0.66	0.42	-0.48	0.23	0.5
Cash	-0.58	-0.49	-0.51	-0.46	-0.22	-0.68	-0.22	-0.69	0.47	-0.34		-0.65	1.0	-0.55	-0.27	-0.41	-0.47	-0.56	-0.53	-0.6	-0.48	-0.64	0.27	0.54	-0.27	-0.68
Non Current Assets Total	0.99	0.91	0.86	0.75	0.53	0.97	0.02	0.93	-0.7	0.51	-0.65		-0.65	0.86	0.52	0.59	0.77	0.49	0.88	0.93	0.81	0.91	0.38	-0.88	0.52	1.0
Cash And Short Term Investments	-0.58	-0.49	-0.51	-0.46	-0.22	-0.68	-0.22	-0.69	0.47	-0.34	1.0	-0.65		-0.55	-0.27	-0.41	-0.47	-0.56	-0.53	-0.6	-0.48	-0.64	0.27	0.54	-0.27	-0.68
Net Receivables	0.89	0.9	0.95	0.68	0.59	0.84	0.1	0.78	-0.58	0.79	-0.55	0.86	-0.55		0.58	0.56	0.65	0.52	0.84	0.8	0.7	0.85	0.6	-0.71	0.58	0.85
Common Stock Total Equity	0.56	0.62	0.46	0.84	-0.12	0.57	0.14	0.27	0.16	0.23	-0.27	0.52	-0.27	0.58		-0.21	0.03	0.78	0.61	0.24	0.09	0.24	0.59	-0.22	0.99	0.54
Common Stock Shares Outstanding	0.57	0.48	0.64	0.08	0.85	0.5	-0.19	0.69	-0.97	0.61	-0.41	0.59	-0.41	0.56	-0.21		0.92	-0.12	0.37	0.76	0.91	0.77	0.11	-0.74	-0.17	0.55
Non Current Liabilities Total	0.76	0.66	0.69	0.33	0.83	0.68	-0.13	0.8	-0.93	0.48	-0.47	0.77	-0.47	0.65	0.03	0.92		0.03	0.58	0.82	1.0	0.81	0.24	-0.82	0.07	0.73
Inventory	0.49	0.41	0.35	0.76	-0.16	0.56	0.45	0.26	0.09	0.23	-0.56	0.49	-0.56	0.52	0.78	-0.12	0.03		0.55	0.25	0.07	0.28	0.21	-0.13	0.78	0.53
Other Current Assets	0.9	0.92	0.8	0.84	0.52	0.9	0.11	0.75	-0.46	0.44	-0.53	0.88	-0.53	0.84	0.61	0.37	0.58	0.55		0.74	0.62	0.76	0.56	-0.68	0.61	0.89
Other Stockholder Equity	0.91	0.83	0.87	0.52	0.66	0.89	-0.13	0.96	-0.87	0.6	-0.6	0.93	-0.6	0.8	0.24	0.76	0.82	0.25	0.74		0.85	0.98	0.27	-0.96	0.24	0.92
Total Liab	0.8	0.71	0.75	0.38	0.84	0.72	-0.13	0.83	-0.93	0.54	-0.48	0.81	-0.48	0.7	0.09	0.91	1.0	0.07	0.62	0.85		0.84	0.28	-0.85	0.12	0.77
Property Plant And Equipment Gross	0.89	0.84	0.9	0.48	0.71	0.87	-0.03	0.95	-0.86	0.66	-0.64	0.91	-0.64	0.85	0.24	0.77	0.81	0.28	0.76	0.98	0.84		0.27	-0.91	0.23	0.9
Total Current Assets	0.48	0.61	0.54	0.52	0.39	0.36	-0.08	0.18	-0.08	0.42	0.27	0.38	0.27	0.6	0.59	0.11	0.24	0.21	0.56	0.27	0.28	0.27		-0.24	0.6	0.35
Treasury Stock	-0.86	-0.82	-0.82	-0.51	-0.63	-0.86	0.23	-0.95	0.87	-0.48	0.54	-0.88	0.54	-0.71	-0.22	-0.74	-0.82	-0.13	-0.68	-0.96	-0.85	-0.91	-0.24		-0.22	-0.87
Common Stock	0.56	0.62	0.46	0.86	-0.09	0.58	0.14	0.26	0.13	0.23	-0.27	0.52	-0.27	0.58	0.99	-0.17	0.07	0.78	0.61	0.24	0.12	0.23	0.6	-0.22		0.54
Property Plant Equipment	0.99	0.91	0.86	0.78	0.48	0.99	0.06	0.93	-0.67	0.5	-0.68	1.0	-0.68	0.85	0.54	0.55	0.73	0.53	0.89	0.92	0.77	0.9	0.35	-0.87	0.54

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Independence Contract Account Relationship Matchups

Independence Contract fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	517.0M	413.2M	397.1M	429.7M	511.2M	404.9M
Other Current Liab	21.5M	10.6M	17.9M	16.6M	14.9M	12.8M
Total Current Liabilities	48.6M	22.4M	38.3M	52.0M	40.6M	33.0M
Total Stockholder Equity	331.6M	247.0M	195.2M	214.7M	181.6M	257.9M
Other Liab	652K	3.4M	19.0M	19.4M	22.3M	23.4M
Property Plant And Equipment Net	457.5M	382.2M	362.3M	376.1M	350.4M	340.7M
Current Deferred Revenue	701K	119K	542K	1.0M	578K	891.7K
Net Debt	133.4M	133.0M	142.1M	140.4M	152.5M	85.7M
Retained Earnings	(170.4M)	(267.1M)	(333.8M)	(399.1M)	(436.8M)	(415.0M)
Accounts Payable	22.7M	4.1M	15.3M	31.9M	23.0M	16.9M
Cash	5.2M	12.3M	4.1M	5.3M	5.6M	7.4M
Non Current Assets Total	460.3M	385.8M	364.8M	378.0M	468.1M	359.9M
Cash And Short Term Investments	5.2M	12.3M	4.1M	5.3M	5.6M	7.4M
Net Receivables	35.8M	10.0M	22.2M	39.8M	31.7M	24.2M
Common Stock Total Equity	771K	762K	62K	136K	156.4K	148.6K
Common Stock Shares Outstanding	3.8M	4.9M	7.5M	13.0M	14.0M	14.7M
Liabilities And Stockholders Equity	517.0M	413.2M	397.1M	429.7M	511.2M	404.9M
Non Current Liabilities Total	136.8M	143.7M	163.6M	163.0M	289.1M	303.5M
Inventory	2.3M	1.0M	1.2M	1.5M	1.6M	1.5M
Other Current Assets	4.6M	4.1M	4.8M	4.7M	4.3M	4.4M
Other Stockholder Equity	501.3M	514.0M	528.9M	613.7M	618.2M	437.5M
Total Liab	185.4M	166.2M	201.9M	215.0M	329.7M	346.1M
Property Plant And Equipment Gross	457.5M	382.2M	580.4M	629.9M	625.4M	409.2M
Total Current Assets	56.7M	27.4M	32.3M	51.7M	43.1M	44.9M
Treasury Stock	(3.0M)	(3.8M)	(3.9M)	(3.9M)	(3.5M)	(3.4M)
Common Stock	762K	62K	102K	136K	144K	231.3K
Property Plant Equipment	457.5M	382.2M	362.3M	376.1M	432.5M	336.7M
Short Long Term Debt Total	138.6M	145.3M	146.2M	145.7M	158.1M	104.6M
Non Currrent Assets Other	2.1M	3.0M	(16.6M)	(10.3M)	1.2M	1.2M
Other Assets	1.7M	3.5M	2.4M	2.0M	2.3M	2.1M
Long Term Debt	134.9M	137.6M	140.4M	141.6M	152.9M	101.8M
Net Tangible Assets	331.6M	247.0M	195.2M	214.7M	193.2M	208.1M
Retained Earnings Total Equity	(109.6M)	(170.4M)	(267.1M)	(399.1M)	(359.2M)	(341.2M)
Long Term Debt Total	134.9M	137.6M	141.7M	143.2M	164.7M	103.7M
Capital Surpluse	505.1M	517.9M	532.8M	617.6M	710.2M	473.9M
Deferred Long Term Liab	774K	652K	505K	12.3M	14.1M	14.8M
Short Long Term Debt	587K	3.7M	7.6M	36K	32.4K	30.8K
Non Current Liabilities Other	1.2M	5.6M	2.8M	7.5M	8.2M	4.7M
Short Term Debt	3.7M	7.6M	4.5M	2.5M	2.2M	2.1M

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When determining whether Independence Contract is a strong investment it is important to analyze Independence Contract's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Independence Contract's future performance. For an informed investment choice regarding Independence Stock, refer to the following important reports:

How To Invest In Independence

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Is Independence Stock a good investment?

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What is Independence Contract's Net Worth?

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Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Independence Contract Drilling. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in main economic indicators.

Note that the Independence Contract information on this page should be used as a complementary analysis to other Independence Contract's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Sectors module to list of equity sectors categorizing publicly traded companies based on their primary business activities.

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When running Independence Contract's price analysis, check to measure Independence Contract's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Independence Contract is operating at the current time. Most of Independence Contract's value examination focuses on studying past and present price action to predict the probability of Independence Contract's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Independence Contract's price. Additionally, you may evaluate how the addition of Independence Contract to your portfolios can decrease your overall portfolio volatility.

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Is Independence Contract's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Independence Contract. If investors know Independence will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Independence Contract listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.

Earnings Share

(3.31)

Revenue Per Share

13.618

Quarterly Revenue Growth

(0.27)

Return On Assets

0.0033

Return On Equity

(0.24)

The market value of Independence Contract is measured differently than its book value, which is the value of Independence that is recorded on the company's balance sheet. Investors also form their own opinion of Independence Contract's value that differs from its market value or its book value, called intrinsic value, which is Independence Contract's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Independence Contract's market value can be influenced by many factors that don't directly affect Independence Contract's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.

Please note, there is a significant difference between Independence Contract's value and its price as these two are different measures arrived at by different means. Investors typically determine if Independence Contract is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Independence Contract's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

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Independence Capital Expenditures vs Sale Purchase Of Stock Analysis

Capital Expenditures vs Sale Purchase Of Stock

Capital Expenditures vs Sale Purchase Of Stock Correlation Analysis

Correlation Coefficient

Capital Expenditures

Sale Purchase Of Stock

Independence Contract fundamental ratios Correlations

Independence Contract Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Independence Contract fundamental ratios Accounts

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COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Cash And Short Term Investments	+ 1.0	Cash
Property Plant Equipment	+ 1.0	Non Current Assets Total
Total Liab	+ 1.0	Non Current Liabilities Total
Non Current Assets Total	+ 0.99	Total Assets
Property Plant Equipment	+ 0.99	Total Assets
Property Plant Equipment	+ 0.99	Property Plant And Equipment Net

Common Stock Shares Outstanding	- 0.97	Retained Earnings
Treasury Stock	- 0.96	Other Stockholder Equity
Treasury Stock	- 0.95	Net Debt
Total Liab	- 0.93	Retained Earnings
Non Current Liabilities Total	- 0.93	Retained Earnings
Treasury Stock	- 0.91	Property Plant And Equipment Gross