Independent Bank Corp (INDB)
73.90
+1.76
(+2.44%)
USD |
NASDAQ |
Nov 22, 11:03
Independent Bank Debt to Equity Ratio: 0.2228 for Sept. 30, 2024
Debt to Equity Ratio Chart
Historical Debt to Equity Ratio Data
| Date | Value |
|---|---|
| September 30, 2024 | 0.2228 |
| June 30, 2024 | 0.2375 |
| March 31, 2024 | 0.3555 |
| December 31, 2023 | 0.4208 |
| September 30, 2023 | 0.3467 |
| June 30, 2023 | 0.3157 |
| March 31, 2023 | 0.3506 |
| December 31, 2022 | 0.0393 |
| September 30, 2022 | 0.0402 |
| June 30, 2022 | 0.0482 |
| March 31, 2022 | 0.0466 |
| December 31, 2021 | 0.0505 |
| September 30, 2021 | 0.0894 |
| June 30, 2021 | 0.0986 |
| March 31, 2021 | 0.1028 |
| December 31, 2020 | 0.1063 |
| September 30, 2020 | 0.175 |
| June 30, 2020 | 0.1769 |
| March 31, 2020 | 0.3251 |
| December 31, 2019 | 0.1774 |
| September 30, 2019 | 0.174 |
| June 30, 2019 | 0.3054 |
| March 31, 2019 | 0.2789 |
| December 31, 2018 | 0.241 |
| September 30, 2018 | 0.1588 |
| Date | Value |
|---|---|
| June 30, 2018 | 0.1623 |
| March 31, 2018 | 0.1684 |
| December 31, 2017 | 0.1706 |
| September 30, 2017 | 0.1729 |
| June 30, 2017 | 0.176 |
| March 31, 2017 | 0.1807 |
| December 31, 2016 | 0.1834 |
| September 30, 2016 | 0.1938 |
| June 30, 2016 | 0.1974 |
| March 31, 2016 | 0.2014 |
| December 31, 2015 | 0.2722 |
| September 30, 2015 | 0.2801 |
| June 30, 2015 | 0.2916 |
| March 31, 2015 | 0.2959 |
| December 31, 2014 | 0.3259 |
| September 30, 2014 | 0.2613 |
| June 30, 2014 | 0.266 |
| March 31, 2014 | 0.4051 |
| December 31, 2013 | 0.4128 |
| September 30, 2013 | 0.5281 |
| June 30, 2013 | 0.6723 |
| March 31, 2013 | 0.6904 |
| December 31, 2012 | 0.7098 |
| September 30, 2012 | 0.5707 |
| June 30, 2012 | 0.5819 |
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
0.0393
Minimum
Dec 2022
0.4208
Maximum
Dec 2023
0.1863
Average
0.1759
Median
Debt to Equity Ratio Benchmarks
| Mercantile Bank Corp | 0.954 |
| Northfield Bancorp Inc | 1.504 |
| Citizens Financial Services Inc | 0.7759 |
| Bar Harbor Bankshares Inc | 0.5211 |
| Evans Bancorp Inc | 0.8569 |
Debt to Equity Ratio Related Metrics
| Total Assets (Quarterly) | 19.41B |
| Total Liabilities (Quarterly) | 16.43B |
| Shareholders Equity (Quarterly) | 2.977B |
| Net Debt Paydown Yield | 1.89% |