Independence Contract Drilling
Balance Sheet
Last updated:
The balance sheet is a financial statement presenting the value of assets, liabilities and equity of a company. How has Independence Contract Drilling's balance sheet done over the years? Its assets were worth $511,240,000 last year, which is more than in the previous period. 64% of Independence Contract Drilling’s total assets is currently financed by debt. Its liabilities reached the amount of $329,661,000, which means an increase by 53% compared compared to last year.
Debt to Assets
| 2014 | 289547000 | 52.81M | 18.24% |
|---|---|---|---|
| 2015 | 314789000 | 82.05M | 26.07% |
| 2016 | 302107000 | 44.85M | 14.85% |
| 2017 | 304645000 | 69.16M | 22.7% |
| 2018 | 584862000 | 193.32M | 33.06% |
| 2019 | 517001000 | 185.40M | 35.86% |
| 2020 | 413209000 | 166.17M | 40.22% |
| 2021 | 397104000 | 201.87M | 50.84% |
| 2022 | 429714000 | 215.00M | 50.03% |
| 2023 | 511240000 | 329.66M | 64.48% |
ICD Balance Sheet (2014 – 2023)
| 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|
Assets | ||||||||||
Current assets: | ||||||||||
Cash and cash equivalents | 5.56M | 5.32M | 4.14M | 12.27M | 5.20M | 12.24M | 2.53M | 7.07M | 5.34M | 10.75M |
Short term investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Net receivables | 31.69M | 39.77M | 22.21M | 10.02M | 35.83M | 41.98M | 18.05M | 11.46M | 18.24M | 19.12M |
Inventory | 1.55M | 1.50M | 1.17M | 1.03M | 2.32M | 2.69M | 2.71M | 2.33M | 2.31M | 2.12M |
Other current assets | 4.75M | 4.73M | 4.78M | 4.10M | 4.64M | 8.93M | 7.59M | 3.10M | 6.87M | 8.26M |
Total current assets | 43.10M | 51.67M | 32.30M | 27.44M | 56.74M | 85.56M | 30.89M | 27.89M | 29.33M | 36.3M |
Non-current assets: | ||||||||||
Property, Plant and Equipment | 350.39M | 376.08M | 362.34M | 382.23M | 457.53M | 496.19M | 272.38M | 273.18M | 283.37M | 250.49M |
Goodwill | 0 | 0 | 0 | 0 | 0 | 1.62M | 0 | 0 | 0 | 0 |
Intangible assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Long term investments | 0 | 0 | 0 | 0 | 0 | -774K | 0 | 0 | 0 | 0 |
Other non-current assets | 1.17M | -10.30M | -16.58M | 3.02M | 2.07M | 1.47M | 681K | 631K | 1.88M | 2.74M |
Total non-current assets | 468.13M | 378.04M | 364.79M | 385.76M | 460.25M | 499.29M | 273.75M | 274.21M | 285.45M | 253.24M |
Total assets | 511.24M | 429.71M | 397.10M | 413.20M | 517.00M | 584.86M | 304.64M | 302.10M | 314.78M | 289.54M |
Liabilities | ||||||||||
| Current liabilities: | ||||||||||
Accounts payable | ||||||||||
Deferred revenue | 578K | 1.00M | 542K | 119K | 701K | 1.37M | 762K | 1.13M | 4.59M | 1.28M |
Short term debt | 2.16M | 2.48M | 4.5M | 7.63M | 3.68M | 587K | 533K | 441K | 0 | 22.51M |
Total current liabilities | 40.58M | 52.03M | 38.28M | 22.43M | 48.56M | 46.11M | 19.12M | 18.29M | 18.79M | 29.37M |
| Non-current liabilities: | ||||||||||
Long term debt | 154.54M | 143.22M | 141.74M | 137.63M | 134.94M | 130.01M | 49.27M | 26.07M | 62.70M | 22.51M |
Deferred tax | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Other non-current liabilities | 17.96M | 7.47M | 2.81M | 2.70M | 1.24M | 16.42M | 73K | 88K | 361K | 598K |
Total non-current liabilities | 289.07M | 162.96M | 163.58M | 143.74M | 136.84M | 147.21M | 50.03M | 26.56M | 63.26M | 23.44M |
Total liabilities | 329.66M | 215.00M | 201.87M | 166.17M | 185.40M | 193.32M | 69.16M | 44.85M | 82.05M | 52.81M |
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