Independence Dividends Paid vs Other Non Cash Items Analysis
ICD Stock | USD 1.55 0.13 9.15% |
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 Dividends Paid and its Other Non Cash Items 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.
Dividends Paid vs Other Non Cash Items
Dividends Paid vs Other Non Cash Items Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Independence Contract Dividends Paid account and Other Non Cash Items. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Independence Contract's Dividends Paid and Other Non Cash Items is -0.4. Overlapping area represents the amount of variation of Dividends Paid that can explain the historical movement of Other Non Cash Items 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 Dividends Paid and Other Non Cash Items is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Dividends Paid of Independence Contract Drilling are associated (or correlated) with its Other Non Cash Items. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Non Cash Items has no effect on the direction of Dividends Paid i.e., Independence Contract's Dividends Paid and Other Non Cash Items go up and down completely randomly.
Correlation Coefficient | -0.4 |
Relationship Direction | Negative |
Relationship Strength | Very Weak |
Dividends Paid
The total amount of dividends that a company has paid out to its shareholders over a specific period.Other Non Cash Items
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 May 20, 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 |
Independence Contract fundamental ratios Correlations
Click cells to compare fundamentals
Independence Contract Account Relationship Matchups
High Positive Relationship
High Negative Relationship
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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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.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: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 Correlation Analysis module to reduce portfolio risk simply by holding instruments which are not perfectly correlated.
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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.