INDB
Price:
$66.26
Market Cap:
$2.81B
Independent Bank Corp. operates as the bank holding company for Rockland Trust Company that provides commercial banking products and services to individuals and small-to-medium sized businesses primarily in Massachusetts. The company accepts interest checking, money market, and savings accounts, as well as demand deposits and time certificates of deposit. It also offers commercial and industrial, commercial real estate and construction, small business, consumer real estate, and personal loans. In addition, the company provides investment management and trust services to individuals, institutions, small businesses, and charitable institutions; Internet and mobile banking services, as well as ...[Read more]
Industry
Banks - Regional
IPO Date
1986-05-14
Stock Exchange
NASDAQ
Ticker
INDB
According to Independent Bank Corp.’s latest financial reports and current stock price. The company's current Current Ratio is 0.03. This represents a change of -15.83% compared to the average of 0.03 of the last 4 quarters.
The mean historical Current Ratio of Independent Bank Corp. over the last ten years is 17.18. The current 0.03 Current Ratio has changed -84.53% with respect to the historical average. Over the past ten years (40 quarters), INDB's Current Ratio was at its highest in in the March 2019 quarter at 150.92. The Current Ratio was at its lowest in in the March 2017 quarter at 0.
Average
17.18
Median
1.12
Minimum
0.02
Maximum
50.12
Discovering the peaks and valleys of Independent Bank Corp. Current Ratio, unveiling quarterly and yearly fluctuations to gain insights into the company’s financial performance and market dynamics, offering valuable data for investors and analysts alike.
Maximum Annual Increase = 2.59%
Maximum Annual Current Ratio = 50.12
Minimum Annual Increase = -99.80%
Minimum Annual Current Ratio = 0.02
Year | Current Ratio | Change |
---|---|---|
2023 | 0.02 | -88.18% |
2022 | 0.18 | -51.48% |
2021 | 0.37 | 48.07% |
2020 | 0.25 | 148.33% |
2019 | 0.10 | -99.80% |
2018 | 50.12 | 2.59% |
2017 | 1.86 | -94.96% |
2016 | 37.01 | -18.40% |
2015 | 45.36 | 24.31% |
2014 | 36.49 | 9.44% |
The current Current Ratio of Independent Bank Corp. (INDB) is less than than its 3-year, less than than its 5-year, and less than than its 10-year historical averages
3-year avg
0.19
5-year avg
0.18
10-year avg
17.18
Independent Bank Corp.’s Current Ratio is greater than Capitol Federal Financial, Inc. (0), greater than BankFinancial Corporation (0), less than Business First Bancshares, Inc. (3.05), less than First Bancorp (0.27), less than Community West Bancshares (0.33), less than Heritage Financial Corporation (0.22), less than HMN Financial, Inc. (4.41), less than First Financial Northwest, Inc. (1.75), greater than Sierra Bancorp (0), less than Finward Bancorp (63.86), greater than First Community Corporation (0), less than First Capital, Inc. (173.51), greater than National Bank Holdings Corporation (0), less than HarborOne Bancorp, Inc. (0.34), less than Richmond Mutual Bancorporation, Inc. (1.29), less than Cambridge Bancorp (46.78), less than Berkshire Hills Bancorp, Inc. (0.32), greater than Eastern Bankshares, Inc. (0), less than Western New England Bancorp, Inc. (9.98), greater than Northeast Community Bancorp, Inc. (0), less than The First Bancshares, Inc. (88.99),
Company | Current Ratio | Market cap |
---|---|---|
0 | $787.35M | |
0 | $155.76M | |
3.05 | $762.76M | |
0.27 | $1.84B | |
0.33 | $368.49M | |
0.22 | $827.20M | |
4.41 | $124.97M | |
1.75 | $195.77M | |
0 | $420.15M | |
63.86 | $126.70M | |
0 | $183.91M | |
173.51 | $105.68M | |
0 | $1.65B | |
0.34 | $534.79M | |
1.29 | $147.27M | |
46.78 | $0 | |
0.32 | $1.23B | |
0 | $3.70B | |
9.98 | $191.06M | |
0 | $344.21M | |
88.99 | $1.08B |
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What is the Current Ratio?
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What is Independent Bank Corp.'s Current Ratio?
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What is the 5-year average Current Ratio for Independent Bank Corp. (INDB)?
How does the current Current Ratio for Independent Bank Corp. (INDB) compare to its historical average?