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 - Q2 2024 - Aug 7, 2024

Key Ratios

Label TTM Value / Value Unit Change %
Current Ratio 121 % +6.59%
Debt-to-equity 117 % +18.1%
Return On Equity -33 % -792%
Return On Assets -15.2 % -718%

Shares

Label TTM Value / Value Unit Change %
Entity Common Stock, Shares Outstanding 15.2M shares +8.06%
Common Stock, Shares, Outstanding 15.2M shares +8.16%
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 +3.35%
Weighted Average Number of Shares Outstanding, Diluted 14.5M shares +3.35%

Income Statement

Label TTM Value / Value Unit Change %
Revenue from Contract with Customer, Excluding Assessed Tax 180M USD -21.6%
Costs and Expenses 203M USD -3.93%
Operating Income (Loss) -23.4M USD -231%
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest -62.5M USD -296%
Income Tax Expense (Benefit) -3.21M USD +59.2%
Net Income (Loss) Attributable to Parent -59.3M USD -652%
Earnings Per Share, Basic -4.16 USD/shares -4260%
Earnings Per Share, Diluted -4.16 USD/shares -4260%

Balance Sheet

Label TTM Value / Value Unit Change %
Cash and Cash Equivalents, at Carrying Value 5.54M USD -0.75%
Accounts Receivable, after Allowance for Credit Loss, Current 30.5M USD -11.8%
Other Assets, Current 1K USD -88.9%
Assets, Current 39.9M USD -10.3%
Operating Lease, Right-of-Use Asset 1.77M USD -34.1%
Other Assets, Noncurrent 2.28M USD -35.3%
Assets 375M USD -10.8%
Accounts Payable, Current 20.7M USD +13.2%
Employee-related Liabilities, Current 2.51M USD -38.2%
Accrued Liabilities, Current 7.77M USD -34.2%
Contract with Customer, Liability, Current 401K USD -63.2%
Liabilities, Current 29.9M USD -6.78%
Long-term Debt and Lease Obligation 171M USD +10.1%
Deferred Income Tax Liabilities, Net 8.32M USD -30%
Operating Lease, Liability, Noncurrent 1.18M USD -35%
Other Liabilities, Noncurrent 8.13M USD -1.75%
Liabilities 217M USD +4.73%
Retained Earnings (Accumulated Deficit) -462M USD -14.7%
Stockholders' Equity Attributable to Parent 158M USD -25.9%
Liabilities and Equity 375M USD -10.8%

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 +8.61%
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 5.54M USD -0.75%
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 1.87M USD -33.1%
Payments to Acquire Property, Plant, and Equipment 9.97M USD -47%
Lessee, Operating Lease, Liability, to be Paid 2.13M USD -34.5%
Operating Lease, Liability, Current 692K USD -29.7%
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 0%
Deferred Income Tax Expense (Benefit) -231K USD -1677%
Lessee, Operating Lease, Liability, Undiscounted Excess Amount 263K USD -43.1%
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 3.45M USD -45.2%