Independence Contract Drilling Net Tangible Assets

Independence Contract Drilling's net tangible assets stands at $0 as of September 2024. That compares with $210M in the prior-year period — down 100.0% year over year. Stockcircle updates this page with the newest filings so you can track how the metric evolves quarter by quarter.

Independence Contract Drilling reported $0 in net tangible assets versus $210M a year earlier — a 100.0% year-over-year decrease. The historical chart on this page makes it easier to see whether that move is part of a longer pattern.

That compares with $210M in the prior-year period — down 100.0% year over year. Sustained growth in net tangible assets can support a stronger franchise, while sharp declines may reflect divestitures, weaker demand, or accounting changes. Always read YoY moves with the footnotes of recent filings in mind.

The history chart shows how Independence Contract Drilling's net tangible assets evolved across reporting periods, while the comparison chart places ICD next to similar companies. Use both: a rising metric that still lags peers tells a different story than a rising metric that already leads the group. Growth charts, when available, highlight acceleration or slowdown.

Yes — within Energy, net tangible assets is commonly used to spot outliers. Independence Contract Drilling's reading of $0 is a starting point; confirm whether differences come from growth, margins, accounting choices, or one-time items before treating an outlier as a buy or sell signal.