Independent Bank Corp. company logo
Independent Bank Corp. logo

Independent Bank Corp. (INDB) Interest Coverage Ratio

Annual Interest Coverage Ratio

1.850.82-30.71%

Summary

Current Value
As of today, INDB annual interest coverage ratio is 1.85, down -30.71% on
Historical Performance
INDB annual interest coverage ratio is down -85.10% over the past 3 years, and down -63.37% over the past 5 years
All-Time High Comparison
INDB annual interest coverage ratio is currently -85.49% below its historical high of 12.75 set on
3-Year Low Comparison
INDB annual interest coverage ratio is at its 3-year low
Sector Comparison
INDB annual interest coverage ratio is higher than 65.13% of companies in Financial Services sector

Interest Coverage Ratio Chart

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Series
SUGGESTED SERIES

Performance

INDB Performance
MetricDateValue1Y3Y5Y15Y
Annual Interest Coverage Ratio1.85-30.7%-85.1%-63.4%+17.8%
Quarterly Interest Coverage Ratio1.49-14.4%-89.3%-80.3%-42.3%
Price$74.81+17.7%-8.4%-6.4%+169.8%
Annual EBIT$538.15M+6.7%+215.8%+97.9%+558.4%
Annual Interest Expense$291.02M+53.8%+2021.6%+440.1%+459.7%
Annual Debt To Equity0.25-43.2%+257.1%+19.1%-84.1%
Annual Current Ratio0.020.0%-90.9%-33.3%-60.0%
-
Piotroski F-Score5-28.6%0.0%-16.7%+25.0%
Altman Z-Score-0.28+12.5%0.0%-40.0%-47.4%

Interest Coverage Ratio Highs

INDB Annual Interest Coverage Ratio Highs Comparison
PeriodHighDateCurrent
3Y12.75N/A-85.5%
5Y12.75-85.5%
All12.75-85.5%

Interest Coverage Ratio Lows

INDB Annual Interest Coverage Ratio Lows Comparison
PeriodLowDateCurrent
3Y1.85at low
5Y1.85at low
All0.54+242.6%

Interest Coverage Ratio History

YearValueChange
1.85-30.7%
2.67-79.1%
12.75+2.7%
12.42+127.9%
5.45+7.9%
5.05-29.0%
7.11-14.7%
8.34+19.8%
6.96+27.2%
5.47+7.3%
5.10+32.1%
3.86+11.9%
3.45+8.5%
3.18+35.3%
2.35+49.7%
1.57+3.3%
1.52-3.8%
1.58-8.7%
1.73-12.2%
1.97-12.1%
2.24-7.4%
2.42+18.6%
2.04+20.0%
YearValueChange
1.70+14.1%
1.49-3.2%
1.540.0%
1.54-1.3%
1.56+0.6%
1.55+2.0%
1.52+11.8%
1.36+14.3%
1.19+17.8%
1.01+48.5%
0.68+25.9%
0.54-52.6%
1.14-11.6%
1.29-3.0%
1.33-0.7%
1.340.0%
1.34+9.8%
1.22+1.7%
1.20+1.7%
1.18+1.7%
1.16-7.2%
1.25-

FAQ

  • What is the current annual interest coverage ratio of INDB?

    As of today, INDB annual interest coverage ratio is 1.85

  • What is 1-year change in INDB annual interest coverage ratio?

    INDB annual interest coverage ratio is down -30.71% year-over-year

  • What is 3-year change in INDB annual interest coverage ratio?

    INDB annual interest coverage ratio is down -85.10% over the past 3 years

  • How far is INDB annual interest coverage ratio from its all-time high?

    INDB annual interest coverage ratio is currently -85.49% below its historical high of 12.75 set on December 31, 2022

  • How does INDB annual interest coverage ratio rank versus sector peers?

    INDB annual interest coverage ratio is higher than 65.13% of companies in Financial Services sector

  • When is INDB next annual earnings release?

    The next annual earnings release for INDB is on

Interest Coverage Ratio Formula

Interest Coverage Ratio =  

Data Sources & References

  1. INDB Official Website www.rocklandtrust.com
  2. Most Recent Quarterly Report (10-Q) www.sec.gov/Archives/edgar/data/776901/000077690125000302/0000776901-25-000302-index.htm
  3. Most Recent Annual Report (10-K) www.sec.gov/Archives/edgar/data/776901/000077690125000093/0000776901-25-000093-index.htm
  4. INDB Profile on Yahoo Finance finance.yahoo.com/quote/INDB
  5. INDB Profile on NASDAQ.com www.nasdaq.com/market-activity/stocks/indb