Independence Invested Capital vs Free Cash Flow Analysis

ICD Stock  USD 1.92  0.04  2.04%   
Trend analysis of Independence Contract Drilling balance sheet accounts such as Total Current Liabilities of 33 M or Total Stockholder Equity of 257.9 M provides information on Independence Contract's total assets, liabilities, and equity, which is the actual value of Independence Contract to its prevalent stockholders. By breaking down trends over time using Independence Contract balance sheet statements, investors will see what precisely the company owns and what it owes to creditors or other parties at the end of each accounting year.
  
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.

About Independence Balance Sheet Analysis

Balance Sheet is a snapshot of the financial position of Independence Contract at a specified time, usually calculated after every quarter, six months, or one year. Independence Contract Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Independence Contract and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which Independence currently owns. An asset can also be divided into two categories, current and non-current.

Independence Contract Balance Sheet Chart

Independence Contract Balance Sheet is one of the main financial statements that report all assets, liabilities, and shareholders' equity for the current year. It provides a basis for different types of computing rates of return, such as return on equity (ROE) or return on asset (ROA), as well as shows how Independence Contract uses and utilizes its capital. It also shows what exactly a company owns and owes.
At present, Independence Contract's Other Liabilities is projected to increase significantly based on the last few years of reporting. The current year's Current Deferred Revenue is expected to grow to about 891.7 K, whereas Other Current Liabilities is forecasted to decline to about 12.8 M.

Total Assets

Total assets refers to the total amount of Independence Contract assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in Independence Contract books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.

Total Current Liabilities

Total Current Liabilities is an item on Independence Contract balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Independence Contract Drilling are important to investors because some useful performance ratios such as Current Ratio and Quick Ratio require Total Current Liabilities to be accurate. The total amount of liabilities that a company is expected to pay within one year, including debts, accounts payable, and other short-term financial obligations.

Total Stockholder Equity

The total equity held by shareholders, calculated as the difference between a company's total assets and total liabilities. It represents the net value of the company owned by shareholders.
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 March 28, 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 Expense15.2M29.6M36.0M37.8M
Depreciation And Amortization39.5M40.4M43.5M31.8M

Independence Contract fundamental ratios Correlations

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0.940.910.760.590.91-0.070.84-0.580.55-0.490.91-0.490.90.620.480.660.410.920.830.710.840.61-0.820.620.91
0.880.910.610.630.85-0.070.84-0.690.83-0.510.86-0.510.950.460.640.690.350.80.870.750.90.54-0.820.460.86
0.770.760.610.10.830.190.53-0.170.25-0.460.75-0.460.680.840.080.330.760.840.520.380.480.52-0.510.860.78
0.550.590.630.10.44-0.190.59-0.820.52-0.220.53-0.220.59-0.120.850.83-0.160.520.660.840.710.39-0.63-0.090.48
0.970.910.850.830.440.080.91-0.620.46-0.680.97-0.680.840.570.50.680.560.90.890.720.870.36-0.860.580.99
0.01-0.07-0.070.19-0.190.08-0.040.23-0.08-0.220.02-0.220.10.14-0.19-0.130.450.11-0.13-0.13-0.03-0.080.230.140.06
0.910.840.840.530.590.91-0.04-0.820.49-0.690.93-0.690.780.270.690.80.260.750.960.830.950.18-0.950.260.93
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0.530.550.830.250.520.46-0.080.49-0.55-0.340.51-0.340.790.230.610.480.230.440.60.540.660.42-0.480.230.5
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0.990.910.860.750.530.970.020.93-0.70.51-0.65-0.650.860.520.590.770.490.880.930.810.910.38-0.880.521.0
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0.890.90.950.680.590.840.10.78-0.580.79-0.550.86-0.550.580.560.650.520.840.80.70.850.6-0.710.580.85
0.560.620.460.84-0.120.570.140.270.160.23-0.270.52-0.270.58-0.210.030.780.610.240.090.240.59-0.220.990.54
0.570.480.640.080.850.5-0.190.69-0.970.61-0.410.59-0.410.56-0.210.92-0.120.370.760.910.770.11-0.74-0.170.55
0.760.660.690.330.830.68-0.130.8-0.930.48-0.470.77-0.470.650.030.920.030.580.821.00.810.24-0.820.070.73
0.490.410.350.76-0.160.560.450.260.090.23-0.560.49-0.560.520.78-0.120.030.550.250.070.280.21-0.130.780.53
0.90.920.80.840.520.90.110.75-0.460.44-0.530.88-0.530.840.610.370.580.550.740.620.760.56-0.680.610.89
0.910.830.870.520.660.89-0.130.96-0.870.6-0.60.93-0.60.80.240.760.820.250.740.850.980.27-0.960.240.92
0.80.710.750.380.840.72-0.130.83-0.930.54-0.480.81-0.480.70.090.911.00.070.620.850.840.28-0.850.120.77
0.890.840.90.480.710.87-0.030.95-0.860.66-0.640.91-0.640.850.240.770.810.280.760.980.840.27-0.910.230.9
0.480.610.540.520.390.36-0.080.18-0.080.420.270.380.270.60.590.110.240.210.560.270.280.27-0.240.60.35
-0.86-0.82-0.82-0.51-0.63-0.860.23-0.950.87-0.480.54-0.880.54-0.71-0.22-0.74-0.82-0.13-0.68-0.96-0.85-0.91-0.24-0.22-0.87
0.560.620.460.86-0.090.580.140.260.130.23-0.270.52-0.270.580.99-0.170.070.780.610.240.120.230.6-0.220.54
0.990.910.860.780.480.990.060.93-0.670.5-0.681.0-0.680.850.540.550.730.530.890.920.770.90.35-0.870.54
Click cells to compare fundamentals

Independence Contract Account Relationship Matchups

Independence Contract fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets517.0M413.2M397.1M429.7M511.2M404.9M
Other Current Liab21.5M10.6M17.9M16.6M14.9M12.8M
Total Current Liabilities48.6M22.4M38.3M52.0M40.6M33.0M
Total Stockholder Equity331.6M247.0M195.2M214.7M181.6M257.9M
Other Liab652K3.4M19.0M19.4M22.3M23.4M
Property Plant And Equipment Net457.5M382.2M362.3M376.1M350.4M340.7M
Current Deferred Revenue701K119K542K1.0M578K891.7K
Net Debt133.4M133.0M142.1M140.4M152.5M85.7M
Retained Earnings(170.4M)(267.1M)(333.8M)(399.1M)(436.8M)(415.0M)
Accounts Payable22.7M4.1M15.3M31.9M23.0M16.9M
Cash5.2M12.3M4.1M5.3M5.6M7.4M
Non Current Assets Total460.3M385.8M364.8M378.0M468.1M359.9M
Cash And Short Term Investments5.2M12.3M4.1M5.3M5.6M7.4M
Net Receivables35.8M10.0M22.2M39.8M31.7M24.2M
Common Stock Total Equity771K762K62K136K156.4K148.6K
Common Stock Shares Outstanding3.8M4.9M7.5M13.0M14.0M14.7M
Liabilities And Stockholders Equity517.0M413.2M397.1M429.7M511.2M404.9M
Non Current Liabilities Total136.8M143.7M163.6M163.0M289.1M303.5M
Inventory2.3M1.0M1.2M1.5M1.6M1.5M
Other Current Assets4.6M4.1M4.8M4.7M4.3M4.4M
Other Stockholder Equity501.3M514.0M528.9M613.7M618.2M437.5M
Total Liab185.4M166.2M201.9M215.0M329.7M346.1M
Property Plant And Equipment Gross457.5M382.2M580.4M629.9M625.4M409.2M
Total Current Assets56.7M27.4M32.3M51.7M43.1M44.9M
Treasury Stock(3.0M)(3.8M)(3.9M)(3.9M)(3.5M)(3.4M)
Common Stock762K62K102K136K144K231.3K
Property Plant Equipment457.5M382.2M362.3M376.1M432.5M336.7M
Short Long Term Debt Total138.6M145.3M146.2M145.7M158.1M104.6M
Non Currrent Assets Other2.1M3.0M(16.6M)(10.3M)1.2M1.2M
Other Assets1.7M3.5M2.4M2.0M2.3M2.1M
Long Term Debt134.9M137.6M140.4M141.6M152.9M101.8M
Net Tangible Assets331.6M247.0M195.2M214.7M193.2M208.1M
Retained Earnings Total Equity(109.6M)(170.4M)(267.1M)(399.1M)(359.2M)(341.2M)
Long Term Debt Total134.9M137.6M141.7M143.2M164.7M103.7M
Capital Surpluse505.1M517.9M532.8M617.6M710.2M473.9M
Deferred Long Term Liab774K652K505K12.3M14.1M14.8M
Short Long Term Debt587K3.7M7.6M(36K)(32.4K)(30.8K)
Non Current Liabilities Other1.2M5.6M2.8M7.5M8.2M4.7M
Short Term Debt3.7M7.6M4.5M2.5M2.2M2.1M
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Independence Contract in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Independence Contract's short interest history, or implied volatility extrapolated from Independence Contract options trading.

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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:
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 Performance Analysis module to check effects of mean-variance optimization against your current asset allocation.

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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
(2.69)
Revenue Per Share
14.995
Quarterly Revenue Growth
(0.24)
Return On Assets
0.017
Return On Equity
(0.19)
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.