Independent Bank Corporation (IBCP) - Cash Flow Conversion Efficiency
Based on the latest financial reports, Independent Bank Corporation (IBCP) has a cash flow conversion efficiency ratio of 0.037x as of September 2025. Cash flow conversion efficiency measures how effectively a company's net assets (equity) generate operating cash flow. It is calculated by dividing operating cash flow ($18.20 Million) by net assets ($490.74 Million). A higher ratio indicates that the company is more efficient at using its equity to generate cash flow from its core operations. See how many days can Independent Bank Corporation fund operations to measure how many days the company can operate on defensive assets alone.
Independent Bank Corporation - Cash Flow Conversion Efficiency Trend (1989–2024)
This chart illustrates how Independent Bank Corporation's cash flow conversion efficiency has evolved over time, based on yearly financial data.
Independent Bank Corporation Competitors by Cash Flow Conversion Efficiency
The table below lists competitors of Independent Bank Corporation ranked by their cash flow conversion efficiency.
| Company | Cash Flow Conversion Efficiency |
|---|---|
|
Norva24 Group AB
ST:NORVA
|
0.130x |
|
Vor Biopharma Inc
NASDAQ:VOR
|
0.254x |
|
Frontera Energy Corp
TO:FEC
|
0.129x |
|
Garudafood Putra Putri Jaya Tbk PT
JK:GOOD
|
0.109x |
|
Surge Energy Inc.
TO:SGY
|
0.086x |
|
Energy Absolute Public Company Limited
BK:EA
|
0.034x |
|
GR Engineering Services Ltd
AU:GNG
|
0.558x |
|
Xingye Leather Technology Co Ltd
SHE:002674
|
0.020x |
Annual Cash Flow Conversion Efficiency for Independent Bank Corporation (1989–2024)
The table below shows the annual cash flow conversion efficiency of Independent Bank Corporation from 1989 to 2024. For the full company profile with market capitalisation and key ratios, see IBCP stock market capitalisation.
| Year | Net Assets | Operating Cash Flow | Cash Flow Conversion Efficiency | Change |
|---|---|---|---|---|
| 2024-12-31 | $454.69 Million | $63.15 Million | 0.139x | -25.69% |
| 2023-12-31 | $404.45 Million | $75.59 Million | 0.187x | -31.35% |
| 2022-12-31 | $347.60 Million | $94.63 Million | 0.272x | +1035.85% |
| 2021-12-31 | $4.60 Billion | $110.15 Million | 0.024x | +67.26% |
| 2020-12-31 | $4.10 Billion | $58.68 Million | 0.014x | -85.45% |
| 2019-12-31 | $350.17 Million | $34.49 Million | 0.099x | -25.67% |
| 2018-12-31 | $338.99 Million | $44.92 Million | 0.133x | -9.07% |
| 2017-12-31 | $264.93 Million | $38.61 Million | 0.146x | +53.06% |
| 2016-12-31 | $248.98 Million | $23.70 Million | 0.095x | +4.59% |
| 2015-12-31 | $251.09 Million | $22.86 Million | 0.091x | +74.35% |
| 2014-12-31 | $250.37 Million | $13.07 Million | 0.052x | -76.78% |
| 2013-12-31 | $231.58 Million | $52.07 Million | 0.225x | +3.25% |
| 2012-12-31 | $134.97 Million | $29.39 Million | 0.218x | -36.88% |
| 2011-12-31 | $102.63 Million | $35.41 Million | 0.345x | +1743.45% |
| 2010-12-31 | $119.08 Million | $-2.50 Million | -0.021x | -152.72% |
| 2009-12-31 | $109.86 Million | $4.38 Million | 0.040x | -62.62% |
| 2008-12-31 | $194.88 Million | $20.76 Million | 0.107x | +60.91% |
| 2007-12-31 | $269.07 Million | $17.81 Million | 0.066x | -23.12% |
| 2006-12-31 | $258.17 Million | $22.23 Million | 0.086x | -55.78% |
| 2005-12-31 | $248.26 Million | $48.35 Million | 0.195x | +5.27% |
| 2004-12-31 | $230.29 Million | $42.60 Million | 0.185x | -78.75% |
| 2003-12-31 | $160.65 Million | $139.86 Million | 0.871x | +923.55% |
| 2002-12-31 | $138.05 Million | $-14.59 Million | -0.106x | +33.34% |
| 2001-12-31 | $131.90 Million | $-20.92 Million | -0.159x | -166.05% |
| 2000-12-31 | $128.34 Million | $30.81 Million | 0.240x | -40.92% |
| 1999-12-31 | $113.70 Million | $46.20 Million | 0.406x | +477.31% |
| 1998-12-31 | $117.00 Million | $-12.60 Million | -0.108x | -183.22% |
| 1997-12-31 | $59.50 Million | $7.70 Million | 0.129x | -41.71% |
| 1996-12-31 | $51.80 Million | $11.50 Million | 0.222x | +21.33% |
| 1995-12-31 | $47.00 Million | $8.60 Million | 0.183x | -26.99% |
| 1994-12-31 | $40.30 Million | $10.10 Million | 0.251x | +24.28% |
| 1993-12-31 | $36.20 Million | $7.30 Million | 0.202x | +220.64% |
| 1992-12-31 | $31.80 Million | $2.00 Million | 0.063x | -72.91% |
| 1991-12-31 | $28.00 Million | $6.50 Million | 0.232x | +73.76% |
| 1990-12-31 | $24.70 Million | $3.30 Million | 0.134x | -33.78% |
| 1989-12-31 | $22.80 Million | $4.60 Million | 0.202x | -- |
About Independent Bank Corporation
Independent Bank Corporation operates as the bank holding company for Independent Bank that provides banking services in the United States. The company offers demand deposits, interest checking, money market accounts, savings accounts, and time certificates of deposit, including free checking accounts. It also provides consumer loans that consists of real estate loans comprising residential mortg… Read more