Independence Contract Drilling, Inc.

Total Valuation

Independence Contract Drilling, Inc. carries a market capitalization of 8.92M, placing it among publicly traded companies globally. Its enterprise value stands at 186.17M, reflecting the total theoretical takeover cost after accounting for cash holdings and debt obligations.

Share Statistics

Independence Contract Drilling, Inc. currently has 15.21M shares outstanding.

Valuation Ratios

The price-to-sales ratio is 0.10, and the price-to-book ratio stands at -0.04.

Enterprise Valuation

On an enterprise value basis, Independence Contract Drilling, Inc. trades at an EV/EBITDA multiple of 4.97 and an EV/FCF ratio of 1.73. The EV/Sales ratio of 1.03 reflects the premium investors are willing to pay for the company's revenue stream, while the EV/EBIT multiple of 112.12 provides insight into valuation relative to core operating earnings.

Financial Position

Independence Contract Drilling, Inc. maintains a current ratio of 1.33, meaning it holds 1.3x the short-term assets needed to cover near-term liabilities. The debt-to-equity ratio is 109.75, indicating elevated leverage, while an interest coverage ratio of 0.96 demonstrates limited ability to service its debt obligations.

Financial Efficiency

Taxes

Stock Price Statistics

Independence Contract Drilling, Inc.'s stock has declined approximately -80.53821% over the past 52 weeks. The 50-day moving average sits at 0.94, while the 200-day moving average is 1.64.

Income Statement

Over the trailing twelve months, Independence Contract Drilling, Inc. generated 179.96M in revenue and converted that into -59.25M in net income, yielding earnings per share of -4.12. EBITDA reached 37.44M, while operating income came in at -8.24M.

Balance Sheet

Independence Contract Drilling, Inc. holds 5.54M in cash and equivalents against 173.04M in total debt, resulting in a net debt position of 163.55M. Total book value stands at -462.34M, with working capital of 10.01M providing operational flexibility.

Cash Flow

Independence Contract Drilling, Inc. produced 43.43M in operating cash flow over the past twelve months. After subtracting -26.80M in capital expenditures, free cash flow totaled 16.63M - equivalent to 1.16 per share.

Margins

Independence Contract Drilling, Inc. operates with a gross margin of 7.20, reflecting its pricing power and cost economics. The operating margin of -4.58 and net profit margin of -32.93 provide insight into operational efficiency.

Dividends & Yields

Stock Splits

Independence Contract Drilling, Inc.'s most recent stock split took place on March 12, 2020 with a 20:1 split ratio.

Scores

Independence Contract Drilling, Inc. posts an Altman Z-Score of -1.24, below the 3.0 threshold that indicates strong financial health and minimal bankruptcy risk.