Trinidad Drilling (Trinidad Drilling) Construction In Progress : $18.0 Mil (As of Sep. 2018)

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What is Trinidad Drilling Construction In Progress?

Trinidad Drilling's quarterly construction in progress declined from Mar. 2018 ($24.1 Mil) to Jun. 2018 ($14.2 Mil) but then increased from Jun. 2018 ($14.2 Mil) to Sep. 2018 ($18.0 Mil).

Trinidad Drilling's annual construction in progress declined from Dec. 2015 ($73.6 Mil) to Dec. 2016 ($11.7 Mil) but then increased from Dec. 2016 ($11.7 Mil) to Dec. 2017 ($24.1 Mil).

Trinidad Drilling Construction In Progress Historical Data

The historical data trend for Trinidad Drilling's Construction In Progress can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Trinidad Drilling Construction In Progress Chart

Trinidad Drilling Annual Data

Trend

Dec08

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Construction In Progress

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68.94

191.73

73.61

11.74

24.09

Trinidad Drilling Quarterly Data
	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18
Construction In Progress	Get a 7-Day Free Trial															42.38	24.09	24.13	14.18	17.97

Trinidad Drilling Construction In Progress Calculation

It records the cost of construction work, which is not yet completed (typically, applied to capital budget items). A construction in progress item is not depreciated until the asset is placed in service. Normally, upon completion, a construction in progress item is reclassified, and the reclassified asset is capitalized and depreciated.

Trinidad Drilling (Trinidad Drilling) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Trinidad Drilling Ltd (OTCPK:TDGCF) » Definitions » Construction In Progress

Comparable Companies

Traded in Other Exchanges

N/A

Address

Website

http://www.trinidaddrilling.com

Trinidad Drilling Ltd is a Canadian company which is engaged in providing drilling services to the oil and natural gas industry. The company's operating segments are Canadian operations which include land drilling services; US and international operations which include land and barge drilling services located in both the US and international markets, excluding all joint venture operations; Joint venture operations which include all international joint venture operations; and Manufacturing operations include manufacturing work performed in each of the Canadian and US manufacturing divisions. The majority of the company's revenue comes from oilfield services.

Trinidad Drilling (Trinidad Drilling) Headlines

From GuruFocus

Trinidad Drilling Ltd. Shows Progress on Strategic Review with Sale of Saudi Arabian Rigs

By GlobeNewswire GlobeNewswire • 04-12-2018