Independence Contract Drilling, Inc.
ICDIQEnergy · Drilling Oil & Gas Wells · DE · SEC filings ↗ · Compare ⊕
View price & chart on Yahoo Finance ↗Financials
SEC XBRL · annual| FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | |
|---|---|---|---|---|---|---|
| Revenue | $210.1M | $186.7M | $88.0M | $83.4M | $203.6M | $142.6M |
| Operating income | −$3.7M | −$2.1M | −$43.1M | −$82.2M | −$46.5M | −$12.3M |
| Net income | −$37.7M | −$65.3M | −$66.7M | −$96.6M | −$60.8M | −$20.0M |
| Total assets | $394.7M | $429.7M | $397.1M | $413.2M | $517.0M | $584.9M |
| Total liabilities | $213.1M | $215.0M | $201.9M | $166.2M | $185.4M | $193.3M |
| Equity | $181.6M | $214.7M | $195.2M | $247.0M | $331.6M | $391.5M |
| EPS (diluted) | $-2.69 | $-5.01 | $-8.89 | $-19.69 | $-16.11 | — |
| Shares out. | 13.6M | 11.3M | 6.2M | 76.2M | 77.1M | 38.1M |
Reported figures from the company's SEC filings (XBRL). Blank where a line item isn't cleanly tagged — never estimated.
Key ratios
from filings · FY2023- Operating margin
- −1.8%
- Net margin
- −17.9%
- Return on equity
- −20.8%
- Return on assets
- −9.6%
- Return on capital (ROCE)
- −1.0%
- Liabilities / assets
- 54.0%
- Debt / equity
- 1.17×
- Book value / share
- $13.31
- Revenue growth (YoY)
- 12.5%
- Net income growth (YoY)
- —
Computed from the company's own SEC figures — no market price, so these are facts, not a valuation. Book value per share is reported equity ÷ shares; it is not the stock price.
Financial health
forensic scores · FY2023- Altman Z″ (distress)
- -2.73distress
- Accruals / assets
- −25.0%clean
- Piotroski F-Score
- 5/9mixed
Altman Z″is a textbook bankruptcy-distress score from book values only (>2.6 safe · 1.1–2.6 grey · <1.1 distress). Accruals = (net income − operating cash flow) ÷ assets; persistently high accruals are an earnings-quality red flag. Beneish M-Scoreis an eight-ratio screen comparing this year with last (M > −1.78 = elevated manipulation-risk screen, not proof). Piotroski F-Scorecounts how many of nine fundamental-health checks pass (shown as passed / applicable; we use operating margin and total liabilities as documented proxies where the exact input isn't XBRL-tagged). Computed from SEC filings — descriptive factors, not advice or a forecast.
Quality score
EDS ScoreOur own multi-factor score from free SEC data — profitability, growth, financial strength, earnings quality, and event/ownership catalysts. No market price and no licensed model: each axis is the share of source-backed checks it passes. Descriptive factors, not advice or a forecast.
Signs
● 2 severe● 2 warning● 3 good- Altman Z″ in the distress zone
- Filed a late-filing notice (Form NT) — missed an SEC deadline
- Operating losses (negative operating margin)
- Reported a net loss
- Revenue is growing year-over-year
- Positive operating cash flow
- Clean earnings (low accruals)
Derived from the company's own SEC figures (fundamentals, forensic scores, filing discipline) — descriptive factors, not advice or a forecast.
Risk flags
late SEC filings- NT 10-Qmissed a reporting deadline ↗Nov 14, 2024
A Form NT means the company notified the SEC it would file a periodic report late — often an accounting, audit or liquidity warning sign. Also search SEC enforcement actions for this company.
Material events
SEC Form 8-K · most recent- Bankruptcy or receivership · Other material eventJan 15, 2025
- Entered a material agreement · New financial obligation · Delisting / listing-standard noticeDec 5, 2024
- Entered a material agreement · Bankruptcy or receivership · Debt acceleration / triggering event · Delisting / listing-standard notice · Director / officer change · Regulation FD disclosureDec 3, 2024
- Entered a material agreementNov 27, 2024
- Entered a material agreementSep 18, 2024
- Director / officer changeSep 11, 2024
- Delisting / listing-standard noticeAug 29, 2024
- Results of operations · Director / officer changeAug 7, 2024
Events the company reported on Form 8-K, labelled by the SEC item code it filed under — its own classification, not our interpretation.