Independent Bank Corp.INDBNASDAQ
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Debt to Equity Over Time
Trending lower, slight contraction.
Left:
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Debt-to-equity ratio
Latest
0.23
Near historical average
Average (9y)
0.26
Historical baseline
Range
High:0.45
Low:0.04
CAGR
-6.9%
Structural decline
| Period | Value | Change |
|---|---|---|
| 2024 | 0.23 | -44.3% |
| 2023 | 0.42 | +971.5% |
| 2022 | 0.04 | -22.2% |
| 2021 | 0.05 | -52.5% |
| 2020 | 0.11 | -40.1% |
| 2019 | 0.18 | -53.1% |
| 2018 | 0.38 | +10.4% |
| 2017 | 0.34 | -11.6% |
| 2016 | 0.39 | -13.0% |
| 2015 | 0.45 | - |