Independent Bank CorporationIBCPNASDAQ
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Interest Coverage Over Time
Below historical average, structural decline.
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Interest coverage ratio
Latest
0.83
↓ 78% below average
Average (9y)
3.83
Historical baseline
Range
High:9.30
Low:0.83
CAGR
-18.2%
Structural decline
| Period | Value | Change |
|---|---|---|
| 2024 | 0.83 | -6.5% |
| 2023 | 0.88 | -77.9% |
| 2022 | 4.00 | -57.0% |
| 2021 | 9.30 | +117.0% |
| 2020 | 4.28 | +95.4% |
| 2019 | 2.19 | -22.0% |
| 2018 | 2.81 | -33.3% |
| 2017 | 4.21 | -11.9% |
| 2016 | 4.78 | -4.7% |
| 2015 | 5.02 | - |