IXOG (Index Oil & Gas) Accumulated Depreciation: $-3.52 Mil (As of Mar. 2009)

Author: Vera Yuan Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
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What is Index Oil & Gas Accumulated Depreciation?

Index Oil & Gas IXOG -99.86% Accumulated Depreciation is $-3.52 Mil as of Mar. 2009.

Note: A negative number here means the assets are depreciated. When depricates more, the absolute value gets bigger.

Index Oil & Gas's quarterly accumulated depreciation increased from Sep. 2008 ($-2.78 Mil) to Dec. 2008 ($-3.24 Mil) and increased from Dec. 2008 ($-3.24 Mil) to Mar. 2009 ($-3.52 Mil).

Index Oil & Gas's annual accumulated depreciation increased from Mar. 2007 ($-0.33 Mil) to Mar. 2008 ($-1.42 Mil) and increased from Mar. 2008 ($-1.42 Mil) to Mar. 2009 ($-3.52 Mil).

Index Oil & Gas Accumulated Depreciation Related Terms

Index Oil & Gas Accumulated Depreciation Historical Data

* Premium members only.

The historical data trend for Index Oil & Gas's Accumulated Depreciation 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.

Index Oil & Gas Accumulated Depreciation Chart

Index Oil & Gas Annual Data
Trend Dec04 Dec05 Mar06 Mar07 Mar08 Mar09
Accumulated Depreciation
Get a 7-Day Free Trial -0.06 -0.14 -0.33 -1.42 -3.52

Index Oil & Gas Quarterly Data
Dec04 Mar05 Jun05 Sep05 Dec05 Mar06 Jun06 Sep06 Dec06 Mar07 Jun07 Sep07 Dec07 Mar08 Jun08 Sep08 Dec08 Mar09
Accumulated Depreciation Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -1.42 -2.17 -2.78 -3.24 -3.52

Index Oil & Gas Accumulated Depreciation Calculation

The cumulative depreciation of an asset up to a single point in its life. Regardless of the method used to calculate it, the depreciation of an asset during a single period is added to the previous period's accumulated depreciation to get the current accumulated depreciation.

What does a Accumulated Depreciation of $-3.52 Mil mean?
Index Oil & Gas (IXOG) has a Accumulated Depreciation of $-3.52 Mil as of Mar. 2009. Accumulated depreciation is a contra-asset item that accounts for the decline in value of long-term assets. View historical data on Index Oil & Gas and its competitors.
Is Index Oil & Gas' Accumulated Depreciation too high?
Index Oil & Gas' current Accumulated Depreciation is $-3.52 Mil.
How does Index Oil & Gas' Accumulated Depreciation compare to FPPP and UNGS?
Index Oil & Gas' Accumulated Depreciation of $-3.52 Mil can be compared against companies in the Oil & Gas industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Accumulated Depreciation for an Oil & Gas company?
A good Accumulated Depreciation depends on the Oil & Gas industry context. However, Accumulated Depreciation should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Accumulated Depreciation mean?
A high Accumulated Depreciation can signal that a stock is expensive relative to its fundamentals. Accumulated depreciation is a contra-asset item that accounts for the decline in value of long-term assets. View historical data on Index Oil & Gas and its competitors. Index Oil & Gas's current Accumulated Depreciation is $-3.52 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Index Oil & Gas stock overvalued right now?
Index Oil & Gas (IXOG) has a current Accumulated Depreciation of $-3.52 Mil. The current Accumulated Depreciation is $-3.52 Mil. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Accumulated Depreciation calculated?
Accumulated Depreciation is calculated from a company's financial statements. For Index Oil & Gas (IXOG), the current Accumulated Depreciation is $-3.52 Mil as of Mar. 2009. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Index Oil & Gas Business Description

Industry EnergyOil & Gas
Address 10000 Memorial Drive, Suite 440, Houston, TX, USA, 77024
Index Oil & Gas Inc is an independent oil and natural gas company engaged in the acquisition, exploration, development, production and sale of oil and natural gas properties. It focuses on prolific petroleum system of the onshore Gulf Coast of Texas and Louisiana.