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) - Total Liabilities
Latest total liabilities as of September 2024: $216.78 Million USD
Based on the latest financial reports, Independence Contract Drilling, Inc. (ICDI) has total liabilities worth $216.78 Million USD as of September 2024.
Total liabilities represent everything the company owes to external parties, combining both current liabilities—like accounts payable, short-term debt, and accrued expenses—and non-current liabilities such as long-term debt, pension obligations, lease liabilities, and deferred tax liabilities.
Independence Contract Drilling, Inc. - Total Liabilities Trend (2020–2023)
This chart illustrates how Independence Contract Drilling, Inc.'s total liabilities have evolved over time, based on quarterly financial data. Explore and compare other companies by total liabilities.
Independence Contract Drilling, Inc. Competitors by Total Liabilities
The table below lists competitors of Independence Contract Drilling, Inc. ranked by their total liabilities.
| Company | Country | Total Liabilities |
|---|---|---|
|
Edinburgh Worldwide Investment Trust plc
LSE:EWI
|
UK | GBX57.63 Million |
|
Toughbuilt Industries Inc
NASDAQ:TBLT
|
USA | $61.51 Million |
|
MONTERAY MIN
BE:M2G
|
Germany | €1.75 Million |
Liability Composition Analysis (2020–2023)
This chart breaks down Independence Contract Drilling, Inc.'s total liabilities into key components over time: long-term debt, short-term debt, other current liabilities, and other non-current liabilities. Toggle between absolute values and percentage view to see how the composition has shifted.
Liquidity & Leverage Metrics
Key Metrics Explained
| Metric | Value | Description |
|---|---|---|
| Current Ratio | 0.76 | Measures ability to pay short-term obligations (Current Assets ÷ Current Liabilities) |
| Quick Ratio | N/A | More stringent measure of short-term liquidity ((Current Assets - Inventory) ÷ Current Liabilities) |
| Cash Ratio | N/A | Most conservative liquidity measure (Cash & Equivalents ÷ Current Liabilities) |
| Debt to Equity | 1.55 | Measures financial leverage (Total Liabilities ÷ Shareholder Equity) |
| Debt to Assets | 0.61 | Portion of assets financed with debt (Total Liabilities ÷ Total Assets) |
Liability Trends Comparison
This chart compares key liability metrics across different time periods, showing how Independence Contract Drilling, Inc.'s debt structure has evolved. The comparison includes total liabilities, long-term debt, and current liabilities.
Annual Total Liabilities for Independence Contract Drilling, Inc. (2020–2023)
The table below shows the annual total liabilities of Independence Contract Drilling, Inc. from 2020 to 2023.
| Year | Total Liabilities | Change |
|---|---|---|
| 2023-12-31 | $213.10 Million | -0.89% |
| 2022-12-31 | $215.00 Million | +6.50% |
| 2021-12-31 | $201.88 Million | +21.48% |
| 2020-12-31 | $166.18 Million | -- |