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Independent Bank Corporation (IBCP)
:IBCP
US Market

Independent Bank (IBCP) Ratios

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Independent Bank Ratios

IBCP's free cash flow for Q4 2024 was $1.00. For the 2024 fiscal year, IBCP's free cash flow was decreased by $ and operating cash flow was $-0.04. See a summary of the company’s cash flow.
Ratios
TTM
Dec 24Dec 23Dec 22Dec 21
Liquidity Ratios
Current Ratio
0.14 0.06 16.11 1.00 1.08
Quick Ratio
0.14 0.06 17.61 1.07 1.20
Cash Ratio
0.12 0.06 1.22 0.07 0.10
Solvency Ratio
0.02 0.01 0.01 0.64 0.57
Operating Cash Flow Ratio
0.06 0.03 1.55 0.07 0.05
Short-Term Operating Cash Flow Coverage
0.00 0.00 1.55 0.00 0.00
Net Current Asset Value
$ -4.74B$ -4.69B$ -3.67B$ 1.48B$ 1.14B
Leverage Ratios
Debt-to-Assets Ratio
0.02 0.02 0.05 0.02 0.03
Debt-to-Equity Ratio
0.27 0.32 0.65 0.27 0.28
Debt-to-Capital Ratio
0.21 0.24 0.39 0.21 0.22
Long-Term Debt-to-Capital Ratio
0.21 0.24 0.32 0.21 0.22
Financial Leverage Ratio
11.74 13.01 14.38 11.81 10.79
Debt Service Coverage Ratio
-0.16 0.78 0.86 8.33 4.03
Interest Coverage Ratio
0.83 1.10 5.00 9.30 4.28
Debt to Market Cap
0.17 0.24 0.45 0.21 0.27
Interest Debt Per Share
10.76 10.14 11.64 5.43 5.69
Net Debt to EBITDA
0.00 -0.51 1.81 >-0.01 -0.13
Profitability Margins
Gross Profit Margin
100.00%146.91%100.00%100.00%100.00%
EBIT Margin
-4.64%36.75%38.02%38.84%35.18%
EBITDA Margin
0.00%39.61%41.00%42.04%39.81%
Operating Profit Margin
38.48%45.65%47.53%38.84%35.18%
Pretax Profit Margin
38.48%36.75%38.02%38.84%35.18%
Net Profit Margin
30.95%29.46%30.97%31.60%28.43%
Continuous Operations Profit Margin
30.95%29.46%30.97%31.60%28.43%
Net Income Per EBT
80.43%80.17%81.44%81.35%80.82%
EBT Per EBIT
100.00%80.50%80.00%100.00%100.00%
Return on Assets (ROA)
1.25%1.12%1.27%1.34%1.34%
Return on Equity (ROE)
14.69%14.60%18.23%15.78%14.42%
Return on Capital Employed (ROCE)
1.92%3.56%1.97%2.48%2.28%
Return on Invested Capital (ROIC)
1.55%2.86%3.53%4.19%4.47%
Return on Tangible Assets
1.27%1.14%1.29%1.35%1.35%
Earnings Yield
9.18%10.82%12.55%12.21%13.83%
Efficiency Ratios
Receivables Turnover
0.00 0.00 1.59 3.01 3.16
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
5.76 4.96 5.70 5.47 5.47
Asset Turnover
0.04 0.04 0.04 0.04 0.05
Working Capital Turnover Ratio
-0.13 -0.25 0.45 4.27 0.57
Cash Conversion Cycle
0.00 0.00 229.99 121.29 115.41
Days of Sales Outstanding
0.00 0.00 229.99 121.29 115.41
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 0.00 229.99 121.29 115.41
Cash Flow Ratios
Operating Cash Flow Per Share
3.02 3.60 4.49 5.10 2.65
Free Cash Flow Per Share
2.64 3.32 4.22 4.83 2.45
CapEx Per Share
0.38 0.29 0.27 0.27 0.20
Free Cash Flow to Operating Cash Flow
0.87 0.92 0.94 0.95 0.92
Dividend Paid and CapEx Coverage Ratio
2.26 2.98 3.90 4.59 2.64
Capital Expenditure Coverage Ratio
7.94 12.55 16.66 18.87 13.27
Operating Cash Flow Coverage Ratio
0.51 0.58 0.42 1.01 0.53
Operating Cash Flow to Sales Ratio
0.29 0.38 0.46 0.55 0.29
Free Cash Flow Yield
7.58%12.75%17.63%20.25%13.25%
Valuation Ratios
Price-to-Earnings (P/E) Ratio
10.90 9.24 7.97 8.19 7.23
Price-to-Sales (P/S) Ratio
3.37 2.72 2.47 2.59 2.06
Price-to-Book (P/B) Ratio
1.60 1.35 1.45 1.29 1.04
Price-to-Free Cash Flow (P/FCF) Ratio
13.18 7.85 5.67 4.94 7.55
Price-to-Operating Cash Flow Ratio
11.52 7.22 5.33 4.68 6.98
Price-to-Earnings Growth (PEG) Ratio
0.81 -1.54 2.58 0.60 0.28
Price-to-Fair Value
1.60 1.35 1.45 1.29 1.04
Enterprise Value Multiple
0.00 6.36 7.83 6.15 5.04
Enterprise Value
732.32M 505.28M 656.34M 514.72M 396.03M
EV to EBITDA
0.00 6.36 7.83 6.15 5.04
EV to Sales
3.39 2.52 3.21 2.59 2.01
EV to Free Cash Flow
13.27 7.26 7.38 4.93 7.36
EV to Operating Cash Flow
11.60 6.68 6.94 4.67 6.81
Tangible Book Value Per Share
18.09 15.82 13.00 210.23 184.09
Shareholders’ Equity Per Share
21.76 19.28 16.48 18.46 17.72
Tax and Other Ratios
Effective Tax Rate
0.20 0.20 0.19 0.19 0.19
Revenue Per Share
10.33 9.56 9.70 9.22 8.99
Net Income Per Share
3.20 2.82 3.00 2.91 2.56
Tax Burden
0.80 0.80 0.81 0.81 0.81
Interest Burden
-8.30 1.00 1.00 1.00 1.00
Research & Development to Revenue
0.00 0.00 0.00 0.00 0.00
SG&A to Revenue
0.41 0.41 0.41 0.48 0.45
Stock-Based Compensation to Revenue
0.01 0.01 0.01 <0.01 0.01
Income Quality
0.95 1.28 1.49 1.75 1.04
Currency in USD
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