Independence Balance Sheet Analysis

ICD Stock  USD 1.85  0.07  3.65%   
Most accounts from Independence Contract's balance sheet are interrelated and interconnected. However, analyzing balance sheet accounts 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 balance sheet accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Independence Contract Valuation and Independence Contract Correlation analysis.
  
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.
Most accounts from Independence Contract's balance sheet are interrelated and interconnected. However, analyzing balance sheet accounts 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 balance sheet accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Independence Contract Valuation and Independence Contract Correlation analysis.
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.
 2021 2022 2023 2024 (projected)
Other Current Liabilities17.9M16.6M14.9M12.8M
Total Assets397.1M429.7M511.2M404.9M

Independence Contract balance sheet Correlations

0.940.880.770.550.970.010.91-0.670.53-0.580.99-0.580.890.560.570.760.490.90.910.80.890.48-0.860.560.99
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
-0.67-0.58-0.69-0.17-0.82-0.620.23-0.82-0.550.47-0.70.47-0.580.16-0.97-0.930.09-0.46-0.87-0.93-0.86-0.080.870.13-0.67
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
-0.58-0.49-0.51-0.46-0.22-0.68-0.22-0.690.47-0.34-0.651.0-0.55-0.27-0.41-0.47-0.56-0.53-0.6-0.48-0.640.270.54-0.27-0.68
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
-0.58-0.49-0.51-0.46-0.22-0.68-0.22-0.690.47-0.341.0-0.65-0.55-0.27-0.41-0.47-0.56-0.53-0.6-0.48-0.640.270.54-0.27-0.68
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 balance sheet Accounts

201920202021202220232024 (projected)
Total Assets517.0M413.2M397.1M429.7M511.2M404.9M
Other Current Liab21.5M10.6M17.9M16.6M14.9M12.8M
Other Liab652K3.4M19.0M19.4M22.3M23.4M
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
Net Receivables35.8M10.0M22.2M39.8M31.7M24.2M
Inventory2.3M1.0M1.2M1.5M1.6M1.5M
Other Current Assets4.6M4.1M4.8M4.7M4.3M4.4M
Total Liab185.4M166.2M201.9M215.0M329.7M346.1M
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
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
Long Term Debt Total134.9M137.6M141.7M143.2M164.7M103.7M
Capital Surpluse505.1M517.9M532.8M617.6M710.2M473.9M
Short Long Term Debt587K3.7M7.6M(36K)(32.4K)(30.8K)
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 Independence Contract Valuation and Independence Contract Correlation analysis.
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 Commodity Channel module to use Commodity Channel Index to analyze current equity momentum.

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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.