Independent Bank Corp. (INDB) Debt to Equity Ratio
Independent Bank Corp. (INDB) debt-to-equity ratio history and balance sheet leverage. Analyze D/E ratio in Excel with MarketXLS.
Debt to Equity Ratio Data
| Period | Debt/Equity |
|---|---|
| 2016-12-31 | 0.39 |
| 2017-12-31 | 0.17 |
| 2018-12-31 | 0.24 |
| 2019-12-31 | 0.18 |
| 2020-12-31 | 0.11 |
| 2021-12-31 | 0.05 |
| 2022-12-31 | 0.04 |
| 2023-12-31 | 0.42 |
| 2024-12-31 | 0.26 |
| 2025-12-31 | 0.11 |
Debt to equity divides total borrowings by total shareholder equity at the period end. Total borrowings are short-term debt plus long-term debt, including capital lease obligations. Non-debt liabilities such as accounts payable and deferred revenue are excluded. A period is omitted when equity is negative, because the ratio is not meaningful then.
How INDB compares with sector peers
| Symbol | Company | Debt/Equity (latest fiscal year) |
|---|---|---|
| HBCP | Home Bancorp Inc. | 0.13 |
| SPFI | South Plains Financial Inc. | 0.12 |
| BMRC | Bank of Marin Bancorp | 0.11 |
| UBSI | United Bankshares Inc. | 0.10 |
| AMAL | Amalgamated Financial Corp. | 0.09 |
These are five companies in the same sector as INDB with a comparable annual debt to equity ratio. Each figure above is that company's most recent completed fiscal year, read from the same annual statements as the table on its own page, so the period end dates can differ between rows.
Get Independent Bank Corp. Data in Excel
Stream real-time stock prices and financials directly into your spreadsheets with MarketXLS.
Try: =hf_Debt_to_Equity_Ratio("INDB", 2024)
| A | B | C | D | |
|---|---|---|---|---|
| 1 | Symbol | Price | Change | Volume |
| 2 | INDB | $83.73 | +0.26% | 0.33M |
| 3 | ||||
| 4 | ||||
| 5 |