Independence Common Stock Total Equity vs Net Debt Analysis

ICD Stock

USD 1.42 0.05 3.40%

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 Common Stock Total Equity and its Net Debt 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.

Common Stock Total Equity vs Net Debt

Common Stock Total Equity vs Net Debt Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Independence Contract Common Stock Total Equity account and Net Debt. At this time, the significance of the direction appears to have very week relationship.

The correlation between Independence Contract's Common Stock Total Equity and Net Debt is 0.27. Overlapping area represents the amount of variation of Common Stock Total Equity that can explain the historical movement of Net Debt 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 Common Stock Total Equity and Net Debt is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Common Stock Total Equity of Independence Contract Drilling are associated (or correlated) with its Net Debt. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Debt has no effect on the direction of Common Stock Total Equity i.e., Independence Contract's Common Stock Total Equity and Net Debt go up and down completely randomly.

Correlation Coefficient

0.27

Relationship Direction	Positive
Relationship Strength	Very Weak

View All Relationships

Common Stock Total Equity

The total value of common stock equity held by shareholders, representing their ownership interest in the company.

Net Debt

The total debt of a company minus its cash and cash equivalents. It represents the actual debt burden on the company after accounting for the liquid assets it holds.

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 25, 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

Click cells to compare fundamentals

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

Also Currently Popular

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.

MSFT	Microsoft
GM	General Motors
CRM	Salesforce

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

Details

Is Independence Stock a good investment?

Details

What is Independence Contract's Net Worth?

Details

Largest Energy Equipment & Services Companies

View

Largest Oil & Gas Drilling Companies

View

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 Crypto Correlations module to use cryptocurrency correlation module to diversify your cryptocurrency portfolio across multiple coins.

Complementary Tools for Independence Stock analysis

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.

	Piotroski F Score Get Piotroski F Score based on the binary analysis strategy of nine different fundamentals
	Share Portfolio Track or share privately all of your investments from the convenience of any device
	Equity Analysis Research over 250,000 global equities including funds, stocks and ETFs to find investment opportunities
	Equity Forecasting Use basic forecasting models to generate price predictions and determine price momentum
	Correlation Analysis Reduce portfolio risk simply by holding instruments which are not perfectly correlated
	Portfolio Optimization Compute new portfolio that will generate highest expected return given your specified tolerance for risk

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.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC

Independence Common Stock Total Equity vs Net Debt Analysis

Common Stock Total Equity vs Net Debt

Common Stock Total Equity vs Net Debt Correlation Analysis

Correlation Coefficient

Common Stock Total Equity

Net Debt

Independence Contract fundamental ratios Correlations

Independence Contract Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Independence Contract fundamental ratios Accounts

Also Currently Popular

Complementary Tools for Independence Stock analysis

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