Independence Contract Drilling, Inc. financial data

Symbol
ICDI on OTC
Industry
Drilling Oil & Gas Wells
Location
20475 State Highway 249, Suite 300, Houston, TX
State of incorporation
DE
Fiscal year end
December 31
Latest financial report
10-Q - Q3 2024 - Nov 19, 2024

Key Ratios

Label TTM Value / Value Unit Change %
Current Ratio 109 % -8.03%
Debt-to-equity 132 % +32.8%
Return On Equity -43 % -1002%
Return On Assets -18.6 % -847%

Shares

Label TTM Value / Value Unit Change %
Entity Common Stock, Shares Outstanding 15.2M shares
Common Stock, Shares, Outstanding 15.2M shares +7.82%
Entity Public Float 29M USD +6.73%
Common Stock, Value, Issued 152K USD +7.8%
Weighted Average Number of Shares Outstanding, Basic 14.5M shares +3.25%
Weighted Average Number of Shares Outstanding, Diluted 14.5M shares +3.25%

Income Statement

Label TTM Value / Value Unit Change %
Revenue from Contract with Customer, Excluding Assessed Tax 174M USD -22.6%
Costs and Expenses 207M USD +0.37%
Operating Income (Loss) -33.1M USD -279%
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest -73.2M USD -349%
Income Tax Expense (Benefit) -3.06M USD +61.9%
Net Income (Loss) Attributable to Parent -70.1M USD -746%
Earnings Per Share, Basic -4.89 USD/shares -5533%
Earnings Per Share, Diluted -4.89 USD/shares -5533%

Balance Sheet

Label TTM Value / Value Unit Change %
Cash and Cash Equivalents, at Carrying Value 6.08M USD +0.55%
Accounts Receivable, after Allowance for Credit Loss, Current 21.3M USD -20.8%
Other Assets, Current 1K USD -88.9%
Assets, Current 30.8M USD -15.9%
Operating Lease, Right-of-Use Asset 1.51M USD -38.4%
Other Assets, Noncurrent 2.03M USD -36.7%
Assets 357M USD -12.1%
Accounts Payable, Current 17.6M USD +1.71%
Employee-related Liabilities, Current 2.75M USD -43.2%
Accrued Liabilities, Current 6.52M USD -46.2%
Contract with Customer, Liability, Current 217K USD -50%
Liabilities, Current 40.3M USD +30.9%
Long-term Debt and Lease Obligation 168M USD +7.27%
Deferred Income Tax Liabilities, Net 7.64M USD -29.8%
Operating Lease, Liability, Noncurrent 1.05M USD -32.7%
Other Liabilities, Noncurrent 1.13M USD -31.1%
Liabilities 217M USD +8.58%
Retained Earnings (Accumulated Deficit) -481M USD -17.1%
Stockholders' Equity Attributable to Parent 140M USD -32.2%
Liabilities and Equity 357M USD -12.1%

Popular Metrics

Label TTM Value / Value Unit Change %
Net Cash Provided by (Used in) Operating Activities 11M USD -18.9%
Net Cash Provided by (Used in) Financing Activities -1.43M USD -124%
Net Cash Provided by (Used in) Investing Activities -8.19M USD +54.7%
Common Stock, Shares Authorized 250M shares 0%
Common Stock, Shares, Issued 15.4M shares +8.51%
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 1.38M USD -0.72%
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents 6.08M USD +0.55%
Interest Paid, Excluding Capitalized Interest, Operating Activities 549K USD +31%
Deferred Tax Assets, Valuation Allowance 81.9M USD +3.99%
Deferred Tax Assets, Gross 117M USD +6.42%
Operating Lease, Liability 1.61M USD -37.2%
Payments to Acquire Property, Plant, and Equipment 9.97M USD -47%
Lessee, Operating Lease, Liability, to be Paid 1.83M USD -38.1%
Operating Lease, Liability, Current 552K USD -44.4%
Lessee, Operating Lease, Liability, to be Paid, Year Two 401K USD -22.3%
Lessee, Operating Lease, Liability, to be Paid, Year One 540K USD -50.3%
Operating Lease, Weighted Average Discount Rate, Percent 0.08 pure -11.3%
Deferred Income Tax Expense (Benefit) -231K USD -1677%
Lessee, Operating Lease, Liability, Undiscounted Excess Amount 227K USD -43.5%
Lessee, Operating Lease, Liability, to be Paid, Year Three 370K USD -7.73%
Deferred Tax Assets, Operating Loss Carryforwards 97.1M USD +1.01%
Unrecognized Tax Benefits 0 USD
Lessee, Operating Lease, Liability, to be Paid, Year Four 285K USD -23%
Operating Lease, Payments 253K USD +29.1%
Share-based Payment Arrangement, Expense 1.83M USD -70.9%