Basis: Latest reported fiscal quarter. Source: stored company filings and market data; unavailable inputs remain N/A.
Is the debt to assets ratio high or low?
The debt to assets ratio of 2.95% is 25% above its 5-year average of 2.36%, around the middle of its 5-year range (0.76%–4.52%).
As of the fiscal period ended Tuesday, June 30, 2026. 40.14% above its 12-month average of 2.10%.
Reported quarterly debt to assets ratio; no daily interpolation. Q2 FY2026 (2026-06-30): 2.95%.
DEBT TO ASSETS RATIO
2.95%
DEBT TO ASSETS RATIO AVG TTM
2.10%
DEBT TO ASSETS RATIO AVG 3Y
2.45%
DEBT TO ASSETS RATIO AVG 5Y
2.36%
DEBT TO ASSETS RATIO AVG 10Y
2.60%
DEBT TO ASSETS RATIO AVG 15Y
2.67%
DEBT TO ASSETS RATIO AVG 20Y
2.82%
CURRENT VS TTM AVG
+40.14%
CURRENT VS 3Y AVG
+20.30%
CURRENT VS 5Y AVG
+24.66%
CURRENT VS 10Y AVG
+13.21%
CURRENT VS 15Y AVG
+10.25%
CURRENT VS 20Y AVG
+4.55%
SECTOR MEDIAN · FINANCIAL SERVICES
0.05%
median of 511 covered companies
CURRENT VS SECTOR MEDIAN
+5793.63%
vs the sector median at left
Independent Bank Corporation
Market Cap
$745.99M
Debt to Assets Ratio
2.95%
TTM Avg
2.10%
3Y Avg
2.45%
5Y Avg
2.36%
Market Cap
$735.28M
Debt to Assets Ratio
0.53%
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
Market Cap
$731.74M
Debt to Assets Ratio
0.08%
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
Market Cap
$728.32M
Debt to Assets Ratio
N/A
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
Market Cap
$727.37M
Debt to Assets Ratio
0.56%
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
Market Cap
$726.83M
Debt to Assets Ratio
0.19%
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
Market Cap
$784.57M
Debt to Assets Ratio
0.05%
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
Market Cap
$701.68M
Debt to Assets Ratio
0.01%
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
Market Cap
$699.35M
Debt to Assets Ratio
0.05%
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
| NAME | MARKET CAP | DEBT TO ASSETS RATIO | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Independent Bank Corporation (IBCP) | $745.99M | 2.95% | 2.10% | 2.45% | 2.36% |
| Carlyle Secured Lending, Inc. (CGBD)vs › | $735.28M | 0.53% | N/A | N/A | N/A |
| Washington Trust Bancorp, Inc. (WASH)vs › | $731.74M | 0.08% | N/A | N/A | N/A |
| WisdomTree Artificial Intelligence and Innovation Fund (WTAI)vs › | $728.32M | N/A | N/A | N/A | N/A |
| New Mountain Finance Corporation 8.250% Notes due 2028 (NMFCZ)vs › | $727.37M | 0.56% | N/A | N/A | N/A |
| Fidus Investment Corporation (FDUS)vs › | $726.83M | 0.19% | N/A | N/A | N/A |
| Financial Institutions, Inc. (FISI)vs › | $784.57M | 0.05% | N/A | N/A | N/A |
| California BanCorp (BCAL)vs › | $701.68M | 0.01% | N/A | N/A | N/A |
| Midland States Bancorp, Inc. (MSBIP)vs › | $699.35M | 0.05% | N/A | N/A | N/A |
| MidCap Financial Investment Corporation (MFIC)vs › | $698.93M | 0.61% | N/A | N/A | N/A |
Debt/Assets
2.9%
Debt/Equity
0.32
Current ratio and interest coverage is unavailable for Independent Bank Corporation: applicability has not been verified for this financial-services business. The current sector-based policy withholds this model until its treatment of debt, cash and cash flows is confirmed for the company.
Formula: Debt/Assets = Total Debt / Total Assets × 100
Debt/Assets vs Debt/Equity:
Industry context matters: Capital-intensive industries (utilities, real estate) typically have higher Debt/Assets ratios than tech companies.
Debt/Assets ratio shows what percentage of a company's assets are financed by debt. Compare the current value with the historical chart and peer group to understand leverage over time.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
| DATE | DEBT TO ASSETS RATIO |
|---|---|
| 2026-06-30 | 2.95% |
| 2026-03-31 | 1.33% |
| 2025-12-31 | 2.12% |
| 2025-09-30 | 0.76% |
| 2025-06-30 | 3.35% |
| 2025-03-31 | 2.34% |
| 2024-12-31 | 2.33% |
| 2024-09-30 | 1.51% |
| 2024-06-30 | 2.45% |
| 2024-03-31 | 2.47% |
| 2023-12-31 | 2.46% |
| 2023-09-30 | 2.48% |
| 2023-06-30 | 3.29% |
| 2023-03-31 | 2.51% |
| 2022-12-31 | 4.52% |
| 2022-09-30 | 3.36% |
| 2022-06-30 | 2.17% |
| 2022-03-31 | 2.29% |
| 2021-12-31 | 2.32% |
| 2021-09-30 | 2.36% |
| 2021-06-30 | 2.44% |
| 2021-03-31 | 2.46% |
| 2020-12-31 | 2.59% |
| 2020-09-30 | 2.61% |
| 2020-06-30 | 3.18% |
| 2020-03-31 | 3.89% |
| 2019-12-31 | 3.59% |
| 2019-09-30 | 2.91% |
| 2019-06-30 | 2.34% |
| 2019-03-31 | 1.92% |
| 2018-12-31 | 1.94% |
| 2018-09-30 | 3.61% |
| 2018-06-30 | 2.47% |
| 2018-03-31 | 2.27% |
| 2017-12-31 | 3.23% |
| 2017-09-30 | 4.05% |
| 2017-06-30 | 4.54% |
| 2017-03-31 | 1.73% |
| 2016-12-31 | 1.77% |
| 2016-09-30 | 1.86% |
| 2016-06-30 | 1.93% |
| 2016-03-31 | 1.91% |
| 2015-12-31 | 1.97% |
| 2015-09-30 | 1.99% |
| 2015-06-30 | 2.09% |
| 2015-03-31 | 2.06% |
| 2014-12-31 | 2.14% |
| 2014-09-30 | 2.99% |
| 2014-06-30 | 2.99% |
| 2014-03-31 | 2.37% |
| 2013-12-31 | 2.62% |
| 2013-09-30 | 3.09% |
| 2013-06-30 | 3.17% |
| 2013-03-31 | 3.22% |
| 2012-12-31 | 3.35% |
| 2012-09-30 | 2.83% |
| 2012-06-30 | 2.83% |
| 2012-03-31 | 3.44% |
| 2011-12-31 | 3.62% |
| 2011-09-30 | 3.71% |
| 2011-06-30 | 3.93% |
| 2011-03-31 | 3.88% |
| 2010-12-31 | 4.78% |
| 2010-09-30 | 6.70% |
| 2010-06-30 | 6.71% |
| 2010-03-31 | 8.63% |
| 2009-12-31 | 7.56% |
| 2009-09-30 | 8.62% |
| 2009-06-30 | 11.76% |
| 2009-03-31 | 18.19% |
| 2008-12-31 | 21.48% |
| 2008-09-30 | 22.45% |
| 2008-06-30 | 25.80% |
| 2008-03-31 | 21.00% |
| 2007-12-31 | 13.73% |
| 2007-09-30 | 6.15% |
| 2007-06-30 | 4.45% |
| 2007-03-31 | 3.71% |
| 2006-12-31 | 9.10% |
| 2006-09-30 | 8.68% |
| 2006-06-30 | 10.86% |
| 2006-03-31 | 10.80% |
| 2005-12-31 | 11.07% |
| 2005-09-30 | 13.28% |
| 2005-06-30 | 17.31% |
| 2005-03-31 | 15.93% |
| 2004-12-31 | 18.98% |
| 2004-09-30 | 15.76% |
| 2004-06-30 | 19.29% |
| 2004-03-31 | 18.86% |
| 2003-12-31 | 18.57% |
| 2003-09-30 | 20.05% |
| 2003-06-30 | 18.88% |
| 2003-03-31 | 15.44% |
| 2002-12-31 | 17.08% |
| 2002-09-30 | 16.96% |
