Independence Contract Drilling Net Tangible Assets

The latest net tangible assets for ICD is $0 as of September 2024. That compares with $210M in the prior-year period — down 100.0% year over year. Investors often review this figure alongside Independence Contract Drilling's historical trend and sector peers before judging valuation or financial health.

Over the past year, ICD's net tangible assets moved from $210M to $0 — a 100.0% year-over-year decrease. If the trend continues in the same direction for several quarters, it can signal a meaningful shift in Independence Contract Drilling's operating scale or balance-sheet position.

A net tangible assets figure of $0 for ICD is a snapshot of scale on that line item. On its own it does not say whether the business is healthy — you also want growth rate, margins, and how the number compares with similar companies. Explore the charts below for those layers of context.

After noting ICD's net tangible assets ($0), review year-over-year change from $210M, peer averages, and a few neighboring metrics such as revenue, margins, or valuation multiples. That combination usually beats staring at a single figure. The navigation links on this page jump you to those related views.

This page's peer comparison chart is the fastest way to stack Independence Contract Drilling's net tangible assets against similar Energy names. You can also browse sector and industry screens on Stockcircle for a broader set of Energy companies and their key multiples and fundamentals.