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Independent Bank (INDB)
NASDAQ:INDB
US Market

Independent Bank (INDB) Ratios

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Independent Bank Ratios

INDB's free cash flow for Q4 2025 was $0.75. For the 2025 fiscal year, INDB's free cash flow was decreased by $ and operating cash flow was $0.29. See a summary of the company’s cash flow.
Ratios
TTM
Dec 25Dec 24Dec 23Dec 22
Liquidity Ratios
Current Ratio
0.02 0.55 0.02 0.10 0.11
Quick Ratio
0.02 0.55 0.02 0.10 0.11
Cash Ratio
0.02 0.55 0.01 0.02 0.02
Solvency Ratio
0.01 0.01 0.01 0.02 0.02
Operating Cash Flow Ratio
0.02 0.60 0.02 0.02 0.03
Short-Term Operating Cash Flow Coverage
0.00 0.60 0.00 0.00 0.00
Net Current Asset Value
$ -21.12B$ -21.12B$ -16.01B$ -14.89B$ -14.66B
Leverage Ratios
Debt-to-Assets Ratio
0.03 0.04 0.04 0.06 <0.01
Debt-to-Equity Ratio
0.23 0.25 0.23 0.42 0.04
Debt-to-Capital Ratio
0.19 0.20 0.19 0.30 0.04
Long-Term Debt-to-Capital Ratio
0.19 0.11 0.19 0.30 0.04
Financial Leverage Ratio
6.99 6.99 6.47 6.68 6.68
Debt Service Coverage Ratio
0.79 0.34 0.80 1.46 10.23
Interest Coverage Ratio
0.85 0.85 0.85 1.67 11.75
Debt to Market Cap
0.22 0.23 0.26 0.42 0.03
Interest Debt Per Share
23.04 24.57 23.35 31.86 3.08
Net Debt to EBITDA
1.95 2.19 1.67 2.83 -0.62
Profitability Margins
Gross Profit Margin
67.93%67.93%66.40%76.69%95.19%
EBIT Margin
22.87%22.87%25.37%34.58%46.38%
EBITDA Margin
26.24%26.24%29.57%38.54%51.55%
Operating Profit Margin
22.87%22.87%25.37%34.58%46.38%
Pretax Profit Margin
22.46%22.46%25.37%34.58%46.38%
Net Profit Margin
17.57%17.57%19.72%26.28%35.18%
Continuous Operations Profit Margin
17.57%17.57%19.72%26.28%35.18%
Net Income Per EBT
78.24%78.24%77.73%76.00%75.86%
EBT Per EBIT
98.22%98.22%100.00%100.00%100.00%
Return on Assets (ROA)
0.82%0.82%0.99%1.24%1.37%
Return on Equity (ROE)
6.21%5.75%6.42%8.27%9.14%
Return on Capital Employed (ROCE)
1.84%1.09%6.08%7.03%10.18%
Return on Invested Capital (ROIC)
-2.40%0.84%4.72%5.34%7.72%
Return on Tangible Assets
0.87%0.87%1.05%1.31%1.44%
Earnings Yield
5.55%5.68%7.04%8.24%6.74%
Efficiency Ratios
Receivables Turnover
129.69 129.69 0.00 0.00 0.00
Payables Turnover
0.00 0.00 0.00 0.00 0.00
Inventory Turnover
0.00 0.00 0.00 0.00 0.00
Fixed Asset Turnover
5.35 5.35 5.04 4.72 3.82
Asset Turnover
0.05 0.05 0.05 0.05 0.04
Working Capital Turnover Ratio
-0.08 -0.15 -0.07 -0.07 -0.06
Cash Conversion Cycle
2.81 2.81 0.00 0.00 0.00
Days of Sales Outstanding
2.81 2.81 0.00 0.00 0.00
Days of Inventory Outstanding
0.00 0.00 0.00 0.00 0.00
Days of Payables Outstanding
0.00 0.00 0.00 0.00 0.00
Operating Cycle
2.81 2.81 0.00 0.00 0.00
Cash Flow Ratios
Operating Cash Flow Per Share
5.08 5.08 5.41 6.27 9.08
Free Cash Flow Per Share
5.01 4.84 4.93 5.91 8.61
CapEx Per Share
0.07 0.25 0.48 0.36 0.48
Free Cash Flow to Operating Cash Flow
0.99 0.95 0.91 0.94 0.95
Dividend Paid and CapEx Coverage Ratio
2.34 2.16 1.97 2.43 3.64
Capital Expenditure Coverage Ratio
73.76 20.70 11.25 17.48 19.08
Operating Cash Flow Coverage Ratio
0.30 0.28 0.33 0.23 3.72
Operating Cash Flow to Sales Ratio
0.22 0.22 0.24 0.30 0.56
Free Cash Flow Yield
6.69%6.63%7.68%8.98%10.19%
Valuation Ratios
Price-to-Earnings (P/E) Ratio
18.02 17.62 14.20 12.14 14.84
Price-to-Sales (P/S) Ratio
3.17 3.10 2.80 3.19 5.22
Price-to-Book (P/B) Ratio
1.04 1.01 0.91 1.00 1.36
Price-to-Free Cash Flow (P/FCF) Ratio
14.96 15.09 13.02 11.13 9.81
Price-to-Operating Cash Flow Ratio
14.72 14.39 11.86 10.50 9.30
Price-to-Earnings Growth (PEG) Ratio
2.18 -11.38 -0.86 -2.56 0.23
Price-to-Fair Value
1.04 1.01 0.91 1.00 1.36
Enterprise Value Multiple
14.05 13.99 11.14 11.11 9.51
Enterprise Value
4.30B 4.29B 3.21B 3.90B 3.68B
EV to EBITDA
14.05 13.99 11.14 11.11 9.51
EV to Sales
3.69 3.67 3.29 4.28 4.90
EV to Free Cash Flow
17.36 17.89 15.32 14.94 9.21
EV to Operating Cash Flow
17.13 17.06 13.96 14.09 8.73
Tangible Book Value Per Share
47.35 47.35 46.96 42.82 40.47
Shareholders’ Equity Per Share
72.10 72.10 70.43 65.53 62.25
Tax and Other Ratios
Effective Tax Rate
0.22 0.22 0.22 0.24 0.24
Revenue Per Share
23.60 23.60 22.92 20.63 16.17
Net Income Per Share
4.15 4.15 4.52 5.42 5.69
Tax Burden
0.78 0.78 0.78 0.76 0.76
Interest Burden
0.98 0.98 1.00 1.00 1.00
Research & Development to Revenue
0.00 0.00 0.00 0.00 0.00
SG&A to Revenue
0.25 0.25 0.25 0.26 0.28
Stock-Based Compensation to Revenue
<0.01 <0.01 <0.01 <0.01 <0.01
Income Quality
1.22 1.22 1.20 1.16 1.60
Currency in USD