Independence Contract Drilling, Inc.

Independence Contract Drilling, Inc.verified

ICD

Price:

$1.422

Market Cap:

$21.63M

Independence Contract Drilling, Inc. provides land-based contract drilling services for oil and natural gas producers in the United States. The company constructs, owns, and operates a fleet of pad-optimal ShaleDriller rigs in the Permian Basin, the Haynesville Shale, and the Eagle Ford Shale. Its fleet consists of 24 rigs. Independence Contract Drilling, Inc. was incorporated in 2011 and is headquartered in Houston, Texas.[Read more]

Industry

Oil & Gas Drilling

IPO Date

2014-08-08

Stock Exchange

NYSE

Ticker

ICD

The Current Ratio as of July 2024 (TTM) for Independence Contract Drilling, Inc. (ICD) is 1.29

According to Independence Contract Drilling, Inc.’s latest financial reports and current stock price. The company's current Current Ratio is 1.29. This represents a change of 4.62% compared to the average of 1.23 of the last 4 quarters.

Independence Contract Drilling, Inc. (ICD) Historical Current Ratio (quarterly & annually)

How has ICD Current Ratio performed in the past?

The mean historical Current Ratio of Independence Contract Drilling, Inc. over the last ten years is 1.31. The current 1.29 Current Ratio has changed 9.75% with respect to the historical average. Over the past ten years (40 quarters), ICD's Current Ratio was at its highest in in the September 2014 quarter at 2.46. The Current Ratio was at its lowest in in the June 2021 quarter at 0.64.

Quarterly (TTM)
Annual

Average

1.31

Median

1.23

Minimum

0.84

Maximum

1.86

Independence Contract Drilling, Inc. (ICD) Current Ratio by Quarter and Year

Discovering the peaks and valleys of Independence Contract Drilling, Inc. Current Ratio, unveiling quarterly and yearly fluctuations to gain insights into the company’s financial performance and market dynamics, offering valuable data for investors and analysts alike.

Maximum Annual Increase = 26.33%

Maximum Annual Current Ratio = 1.86

Minimum Annual Increase = -37.02%

Minimum Annual Current Ratio = 0.84

Quarterly (TTM)
Annual
YearCurrent RatioChange
20231.066.97%
20220.9917.66%
20210.84-31.02%
20201.224.69%
20191.17-37.02%
20181.8614.89%
20171.615.92%
20161.52-2.34%
20151.5626.33%
20141.24-20.94%

Independence Contract Drilling, Inc. (ICD) Average Current Ratio

How has ICD Current Ratio performed in the past?

The current Current Ratio of Independence Contract Drilling, Inc. (ICD) is greater than its 3-year, greater than its 5-year, and less than than its 10-year historical averages

3-year avg

0.97

5-year avg

1.06

10-year avg

1.31

Independence Contract Drilling, Inc. (ICD) Current Ratio vs. Peers

How is ICD’s Current Ratio compared to its peers?

Independence Contract Drilling, Inc.’s Current Ratio is less than Forum Energy Technologies, Inc. (2.83), less than KLX Energy Services Holdings, Inc. (1.72), less than Mammoth Energy Services, Inc. (3.52), less than Borr Drilling Limited (1.50), less than Superior Drilling Products, Inc. (1.79),

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