Independence Contract Drilling, Inc.
Independence Contract Drilling, Inc. provides land-based contract drilling services for oil and natural gas producers in the United States. It operates a fleet of pad-optimal and superspec AC powered rigs in the Permian Basin and the Haynesville Shale. The company was incorporated in 2011 and is headquartered in Houston, Texas. On December 2, 2024, Independence Contract Drilling, Inc., along with… Read more
Independence Contract Drilling, Inc. (ICDI) - Cash Flow Conversion Efficiency
Latest cash flow conversion efficiency as of September 2024: 0.083x
Based on the latest financial reports, Independence Contract Drilling, Inc. (ICDI) has a cash flow conversion efficiency ratio of 0.083x as of September 2024.
Cash flow conversion efficiency measures how effectively a company's net assets (equity) generate operating cash flow. It is calculated by dividing operating cash flow ($11.63 Million) by net assets ($140.07 Million). A higher ratio indicates that the company is more efficient at using its equity to generate cash flow from its core operations.
Independence Contract Drilling, Inc. - Cash Flow Conversion Efficiency Trend (2020–2023)
This chart illustrates how Independence Contract Drilling, Inc.'s cash flow conversion efficiency has evolved over time, based on yearly financial data. Explore and compare other companies by cash flow conversion efficiency.
Independence Contract Drilling, Inc. Competitors by Cash Flow Conversion Efficiency
The table below lists competitors of Independence Contract Drilling, Inc. ranked by their cash flow conversion efficiency.
| Company | Cash Flow Conversion Efficiency |
|---|---|
|
MONTERAY MIN
BE:M2G
|
N/A |
|
Toughbuilt Industries Inc
NASDAQ:TBLT
|
0.101x |
|
Edinburgh Worldwide Investment Trust plc
LSE:EWI
|
-0.013x |
|
AQT Water SA
WAR:AQT
|
N/A |
|
Orascom Investment Holding
EGX:ORMT
|
N/A |
|
FuturAqua Mineral Water Production & Asset Management NyRt.
BUD:FUTUR
|
N/A |
|
ETERNA PLC
XNSA:ETERNA
|
N/A |
|
MATRF
PINK:MATRF
|
N/A |
Annual Cash Flow Conversion Efficiency for Independence Contract Drilling, Inc. (2020–2023)
The table below shows the annual cash flow conversion efficiency of Independence Contract Drilling, Inc. from 2020 to 2023.
| Year | Net Assets | Operating Cash Flow | Cash Flow Conversion Efficiency | Change |
|---|---|---|---|---|
| 2023-12-31 | $181.58 Million | $61.02 Million | 0.336x | +152.50% |
| 2022-12-31 | $214.71 Million | $28.58 Million | 0.133x | +371.26% |
| 2021-12-31 | $195.23 Million | $-9.58 Million | -0.049x | -4323.27% |
| 2020-12-31 | $247.03 Million | $287.00K | 0.001x | -- |