Independence Short Long Term Debt vs Net Receivables Analysis
ICD Stock | USD 1.76 0.05 2.76% |
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 Short Long Term Debt and its Net Receivables 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.
Short Long Term Debt vs Net Receivables
Short Long Term Debt vs Net Receivables Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Independence Contract Short Long Term Debt account and Net Receivables. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Independence Contract's Short Long Term Debt and Net Receivables is -0.44. Overlapping area represents the amount of variation of Short Long Term Debt that can explain the historical movement of Net Receivables 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 Short Long Term Debt and Net Receivables is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Short Long Term Debt of Independence Contract Drilling are associated (or correlated) with its Net Receivables. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Receivables has no effect on the direction of Short Long Term Debt i.e., Independence Contract's Short Long Term Debt and Net Receivables go up and down completely randomly.
Correlation Coefficient | -0.44 |
Relationship Direction | Negative |
Relationship Strength | Very Weak |
Short Long Term Debt
The total of a company’s short-term and long-term borrowings.Net Receivables
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 5, 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 |
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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Try AI Portfolio ArchitectCheck 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 Money Flow Index module to determine momentum by analyzing Money Flow Index and other technical indicators.
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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 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.