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STOCKS

Independent Bank (INDB)

NASDAQ:INDB

INDB

Independent Bank

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Independent Bank (INDB) Ratios

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Independent Bank Ratios

INDB's free cash flow for Q1 2025 was $0.66. For the 2025 fiscal year, INDB's free cash flow was decreased by $ and operating cash flow was $0.24. See a summary of the company’s cash flow.

Ratios	TTM	Dec 24	Dec 23	Dec 22	Dec 21
Liquidity Ratios
Current Ratio	0.13	0.10	0.18	0.37	0.25
Quick Ratio	0.13	0.10	0.18	0.37	0.25
Cash Ratio	0.05	0.02	0.04	0.22	0.19
Solvency Ratio	0.01	0.02	0.02	0.91	0.77
Operating Cash Flow Ratio	0.01	0.02	0.04	0.02	<0.01
Short-Term Operating Cash Flow Coverage	0.00	0.00	30.72	0.00	0.00
Net Current Asset Value	$ -14.85B	$ -14.89B	$ -14.66B	$ 3.66B	$ 1.53B
Leverage Ratios
Debt-to-Assets Ratio	0.04	0.06	<0.01	<0.01	0.01
Debt-to-Equity Ratio	0.28	0.42	0.04	0.05	0.11
Debt-to-Capital Ratio	0.22	0.30	0.04	0.05	0.10
Long-Term Debt-to-Capital Ratio	0.22	0.30	0.04	0.05	0.10
Financial Leverage Ratio	6.56	6.68	6.68	6.77	7.75
Debt Service Coverage Ratio	0.80	1.46	6.99	11.21	4.16
Interest Coverage Ratio	0.84	1.67	11.44	11.42	4.45
Debt to Market Cap	0.26	0.42	0.03	0.05	0.07
Interest Debt Per Share	26.95	31.86	3.08	4.76	6.48
Net Debt to EBITDA	0.51	2.83	-0.62	-11.02	-6.40
Profitability Margins
Gross Profit Margin	66.05%	76.69%	100.00%	100.00%	100.00%
EBIT Margin	24.64%	34.58%	47.77%	30.88%	30.82%
EBITDA Margin	28.81%	38.54%	53.10%	37.35%	36.53%
Operating Profit Margin	24.64%	34.58%	46.51%	30.88%	32.01%
Pretax Profit Margin	24.64%	34.58%	47.77%	30.88%	32.01%
Net Profit Margin	19.24%	26.28%	36.24%	23.85%	25.38%
Continuous Operations Profit Margin	19.24%	26.28%	36.24%	23.85%	25.38%
Net Income Per EBT	78.05%	76.00%	75.86%	77.22%	79.28%
EBT Per EBIT	100.00%	100.00%	102.72%	100.00%	100.00%
Return on Assets (ROA)	0.95%	1.24%	1.37%	0.59%	0.92%
Return on Equity (ROE)	6.33%	8.27%	9.14%	4.01%	7.12%
Return on Capital Employed (ROCE)	5.74%	7.03%	3.55%	1.55%	2.40%
Return on Invested Capital (ROIC)	4.48%	5.34%	-7.04%	-4.65%	-3.65%
Return on Tangible Assets	1.00%	1.31%	1.44%	0.62%	0.96%
Earnings Yield	6.92%	8.24%	6.74%	4.26%	4.99%
Efficiency Ratios
Receivables Turnover	0.00	0.00	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	5.16	4.72	3.70	2.59	4.10
Asset Turnover	0.05	0.05	0.04	0.02	0.04
Working Capital Turnover Ratio	-0.07	-0.07	-0.10	-0.09	-0.09
Cash Conversion Cycle	0.00	0.00	0.00	0.00	0.00
Days of Sales Outstanding	0.00	0.00	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	0.00	0.00	0.00	0.00	0.00
Cash Flow Ratios
Operating Cash Flow Per Share	4.52	6.27	9.08	5.45	1.94
Free Cash Flow Per Share	4.09	5.91	8.61	4.73	1.56
CapEx Per Share	0.42	0.36	0.48	0.72	0.38
Free Cash Flow to Operating Cash Flow	0.91	0.94	0.95	0.87	0.81
Dividend Paid and CapEx Coverage Ratio	1.67	2.43	3.64	2.16	0.88
Capital Expenditure Coverage Ratio	10.67	17.48	19.08	7.55	5.14
Operating Cash Flow Coverage Ratio	0.22	0.23	3.72	1.25	0.36
Operating Cash Flow to Sales Ratio	0.20	0.30	0.58	0.37	0.14
Free Cash Flow Yield	5.43%	8.98%	10.19%	5.80%	2.14%
Valuation Ratios
Price-to-Earnings (P/E) Ratio	14.66	12.14	14.84	23.50	20.05
Price-to-Sales (P/S) Ratio	3.32	3.19	5.38	5.60	5.09
Price-to-Book (P/B) Ratio	0.91	1.00	1.36	0.94	1.43
Price-to-Free Cash Flow (P/FCF) Ratio	18.69	11.13	9.81	17.23	46.67
Price-to-Operating Cash Flow Ratio	14.40	10.50	9.30	14.95	37.58
Price-to-Earnings Growth (PEG) Ratio	-8.28	-2.56	0.23	-5.03	-0.73
Price-to-Fair Value	0.91	1.00	1.36	0.94	1.43
Enterprise Value Multiple	12.02	11.11	9.51	3.98	7.53
Enterprise Value	3.35B	3.90B	3.68B	754.81M	1.31B
EV to EBITDA	11.86	11.11	9.51	3.98	7.53
EV to Sales	3.42	4.28	5.05	1.49	2.75
EV to Free Cash Flow	19.25	14.94	9.21	4.57	25.24
EV to Operating Cash Flow	17.45	14.09	8.73	3.97	20.32
Tangible Book Value Per Share	47.88	42.82	40.47	552.11	375.65
Shareholders’ Equity Per Share	71.29	65.53	62.25	86.56	51.19
Tax and Other Ratios
Effective Tax Rate	0.22	0.24	0.24	0.23	0.21
Revenue Per Share	23.06	20.63	15.70	14.55	14.36
Net Income Per Share	4.44	5.42	5.69	3.47	3.64
Tax Burden	0.78	0.76	0.76	0.77	0.79
Interest Burden	1.00	1.00	1.00	1.00	1.04
Research & Development to Revenue	0.00	0.00	0.00	0.00	0.00
SG&A to Revenue	0.25	0.26	0.29	0.36	0.34
Stock-Based Compensation to Revenue	<0.01	<0.01	<0.01	<0.01	<0.01
Income Quality	1.02	1.16	1.60	1.57	0.53

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