Independence Contract Drilling, Inc. financial data

Location
Houston, TX
Fiscal year end
31 December
Latest financial report
10-Q - Q3 2024 - 19 Nov 2024

Key Ratios

Label TTM Value / Value Unit Change %
Current Ratio 109% % -8%
Debt-to-equity 132% % 33%
Return On Equity -43% % -1002%
Return On Assets -19% % -847%

Shares

Label TTM Value / Value Unit Change %
Entity Common Stock, Shares Outstanding 15,186,780 shares
Common Stock, Shares, Outstanding 15,186,780 shares 7.8%
Common Stock, Value, Issued $152,000 USD 7.8%
Weighted Average Number of Shares Outstanding, Basic 14,528,000 shares 3.2%
Weighted Average Number of Shares Outstanding, Diluted 14,528,000 shares 3.2%

Income Statement

Label TTM Value / Value Unit Change %
Revenue from Contract with Customer, Excluding Assessed Tax $173,785,000 USD -23%
Costs and Expenses $206,848,000 USD 0.37%
Operating Income (Loss) $33,063,000 USD -279%
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest $73,204,000 USD -349%
Income Tax Expense (Benefit) $3,057,000 USD 62%
Net Income (Loss) Attributable to Parent $70,147,000 USD -746%
Earnings Per Share, Basic -5 USD/shares -5533%
Earnings Per Share, Diluted -5 USD/shares -5533%

Balance Sheet

Label TTM Value / Value Unit Change %
Cash and Cash Equivalents, at Carrying Value $6,077,000 USD 0.55%
Accounts Receivable, after Allowance for Credit Loss, Current $21,276,000 USD -21%
Assets, Current $30,829,000 USD -16%
Operating Lease, Right-of-Use Asset $1,509,000 USD -38%
Other Assets, Noncurrent $2,026,000 USD -37%
Assets $356,854,000 USD -12%
Accounts Payable, Current $17,570,000 USD 1.7%
Employee-related Liabilities, Current $2,751,000 USD -43%
Accrued Liabilities, Current $6,522,000 USD -46%
Contract with Customer, Liability, Current $217,000 USD -50%
Liabilities, Current $40,322,000 USD 31%
Long-term Debt and Lease Obligation $167,697,000 USD 7.3%
Deferred Income Tax Liabilities, Net $7,635,000 USD -30%
Operating Lease, Liability, Noncurrent $1,053,000 USD -33%
Other Liabilities, Noncurrent $1,131,000 USD -31%
Liabilities $216,785,000 USD 8.6%
Retained Earnings (Accumulated Deficit) $480,991,000 USD -17%
Stockholders' Equity Attributable to Parent $140,069,000 USD -32%
Liabilities and Equity $356,854,000 USD -12%

Popular Metrics

Label TTM Value / Value Unit Change %
Net Cash Provided by (Used in) Operating Activities $10,999,000 USD -19%
Net Cash Provided by (Used in) Financing Activities $1,429,000 USD -124%
Net Cash Provided by (Used in) Investing Activities $8,191,000 USD 55%
Common Stock, Shares Authorized 250,000,000 shares 0%
Common Stock, Shares, Issued 15,376,373 shares 8.5%
Common Stock, Par or Stated Value Per Share 0.01 USD/shares 0%
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect $1,379,000 USD -0.72%
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents $6,077,000 USD 0.55%
Interest Paid, Excluding Capitalized Interest, Operating Activities $549,000 USD 31%
Operating Lease, Liability $1,605,000 USD -37%
Payments to Acquire Property, Plant, and Equipment $9,974,000 USD -47%
Lessee, Operating Lease, Liability, to be Paid $1,832,000 USD -38%
Operating Lease, Liability, Current $552,000 USD -44%
Lessee, Operating Lease, Liability, to be Paid, Year Two $401,000 USD -22%
Lessee, Operating Lease, Liability, to be Paid, Year One $540,000 USD -50%
Operating Lease, Weighted Average Discount Rate, Percent 0.08 pure -11%
Deferred Income Tax Expense (Benefit) $231,000 USD -1677%
Lessee, Operating Lease, Liability, Undiscounted Excess Amount $227,000 USD -44%
Lessee, Operating Lease, Liability, to be Paid, Year Three $370,000 USD -7.7%
Lessee, Operating Lease, Liability, to be Paid, Year Four $285,000 USD -23%
Operating Lease, Payments $253,000 USD 29%
Share-based Payment Arrangement, Expense $1,834,000 USD -71%