Independent Bank Corp (Ionia MI) (IBCP)
38.50
+0.78
(+2.07%)
USD |
NASDAQ |
Nov 22, 16:00
38.44
-0.06
(-0.16%)
After-Hours: 20:00
Independent Bank Debt to Equity Ratio: 0.1754 for Sept. 30, 2024
Debt to Equity Ratio Chart
Historical Debt to Equity Ratio Data
| Date | Value |
|---|---|
| September 30, 2024 | 0.1754 |
| June 30, 2024 | 0.3004 |
| March 31, 2024 | 0.311 |
| 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 |
| Date | Value |
|---|---|
| June 30, 2018 | 0.2371 |
| March 31, 2018 | 0.2367 |
| December 31, 2017 | 0.3149 |
| 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 |
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
0.1754
Minimum
Sep 2024
0.4988
Maximum
Sep 2022
0.33
Average
0.3088
Median
Debt to Equity Ratio Benchmarks
| Midland States Bancorp Inc | 0.6205 |
| RBB Bancorp | 0.6564 |
| Bar Harbor Bankshares Inc | 0.5211 |
| Evans Bancorp Inc | 0.8569 |
| Park National Corp | 0.2477 |
Debt to Equity Ratio Related Metrics
| Total Assets (Quarterly) | 5.259B |
| Total Liabilities (Quarterly) | 4.807B |
| Shareholders Equity (Quarterly) | 452.37M |
| Net Debt Paydown Yield | 2.58% |