Independent Bank Corp (Ionia MI) (IBCP)
23.19
-0.06
(-0.26%)
USD |
NASDAQ |
Apr 17, 16:00
23.21
+0.02
(+0.09%)
After-Hours: 20:00
Independent Bank Debt to Equity Ratio: 0.3196 for Dec. 31, 2023
Debt to Equity Ratio Chart
Historical Debt to Equity Ratio Data
| Date | Value |
|---|---|
| December 31, 2023 | 0.3196 |
| September 30, 2023 | 0.3446 |
| June 30, 2023 | 0.451 |
| March 31, 2023 | 0.3512 |
| December 31, 2022 | 0.475 |
| September 30, 2022 | 0.4988 |
| June 30, 2022 | 0.3157 |
| March 31, 2022 | 0.3066 |
| December 31, 2021 | 0.2734 |
| September 30, 2021 | 0.2723 |
| June 30, 2021 | 0.275 |
| March 31, 2021 | 0.281 |
| December 31, 2020 | 0.2794 |
| September 30, 2020 | 0.2915 |
| June 30, 2020 | 0.3626 |
| March 31, 2020 | 0.4214 |
| December 31, 2019 | 0.2944 |
| September 30, 2019 | 0.3039 |
| June 30, 2019 | 0.2435 |
| March 31, 2019 | 0.1889 |
| December 31, 2018 | 0.192 |
| September 30, 2018 | 0.3449 |
| June 30, 2018 | 0.2371 |
| March 31, 2018 | 0.2367 |
| December 31, 2017 | 0.3149 |
| Date | Value |
|---|---|
| September 30, 2017 | 0.405 |
| June 30, 2017 | 0.4614 |
| March 31, 2017 | 0.1762 |
| December 31, 2016 | 0.1807 |
| September 30, 2016 | 0.1877 |
| June 30, 2016 | 0.1918 |
| March 31, 2016 | 0.1984 |
| December 31, 2015 | 0.1893 |
| September 30, 2015 | 0.1883 |
| June 30, 2015 | 0.1883 |
| March 31, 2015 | 0.1894 |
| December 31, 2014 | 0.1919 |
| September 30, 2014 | 0.271 |
| June 30, 2014 | 0.2772 |
| March 31, 2014 | 0.2268 |
| December 31, 2013 | 0.2501 |
| September 30, 2013 | 0.2977 |
| June 30, 2013 | 0.3241 |
| March 31, 2013 | 0.4706 |
| December 31, 2012 | 0.5023 |
| September 30, 2012 | 0.5587 |
| June 30, 2012 | 0.6018 |
| March 31, 2012 | 0.7923 |
| December 31, 2011 | 0.8142 |
| September 30, 2011 | 0.7753 |
Debt to Equity Ratio Definition
The debt to equity ratio measures the (Long Term Debt + Current Portion of Long Term Debt) / Total Shareholders' Equity. This metric is useful when analyzing the health of a company's balance sheet.
Debt to Equity Ratio Range, Past 5 Years
0.2435
Minimum
Jun 2019
0.4988
Maximum
Sep 2022
0.3348
Average
0.3066
Median
Mar 2022
Debt to Equity Ratio Benchmarks
| Bar Harbor Bankshares Inc | 0.7673 |
| Evans Bancorp Inc | 0.9892 |
| Park National Corp | 0.3572 |
| Tompkins Financial Corp | 0.9006 |
| Blue Ridge Bankshares Inc | 1.343 |
Debt to Equity Ratio Related Metrics
| Total Assets (Quarterly) | 5.264B |
| Total Liabilities (Quarterly) | 4.859B |
| Shareholders Equity (Quarterly) | 404.45M |
| Net Debt Paydown Yield | 1.35% |