ICD
Price:
$0.5858
Market Cap:
$8.92M
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
According to Independence Contract Drilling, Inc.’s latest financial reports and current stock price. The company's current Current Ratio is 1.32. This represents a change of 8.60% compared to the average of 1.22 of the last 4 quarters.
The mean historical Current Ratio of Independence Contract Drilling, Inc. over the last ten years is 1.31. The current 1.32 Current Ratio has changed 9.99% 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.
Average
1.31
Median
1.23
Minimum
0.84
Maximum
1.86
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
Year | Current Ratio | Change |
---|---|---|
2023 | 1.06 | 6.97% |
2022 | 0.99 | 17.66% |
2021 | 0.84 | -31.02% |
2020 | 1.22 | 4.69% |
2019 | 1.17 | -37.02% |
2018 | 1.86 | 14.89% |
2017 | 1.61 | 5.92% |
2016 | 1.52 | -2.34% |
2015 | 1.56 | 26.33% |
2014 | 1.24 | -20.94% |
The current Current Ratio of Independence Contract Drilling, Inc. (ICD) is greater than its 3-year, greater than its 5-year, and greater 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.’s Current Ratio is less than Forum Energy Technologies, Inc. (1.93), greater than KLX Energy Services Holdings, Inc. (1.24), less than Mammoth Energy Services, Inc. (2.25), less than Borr Drilling Limited (1.41), less than Superior Drilling Products, Inc. (1.79),
Company | Current Ratio | Market cap |
---|---|---|
1.93 | $174.55M | |
1.24 | $75.37M | |
2.25 | $136.68M | |
1.41 | $904.23M | |
1.79 | $30.70M |
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How does the current Current Ratio for Independence Contract Drilling, Inc. (ICD) compare to its historical average?