Independent Bank (INDB) - Cash Flow Conversion Efficiency
Based on the latest financial reports, Independent Bank (INDB) has a cash flow conversion efficiency ratio of 0.033x as of March 2026. 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 ($118.02 Million) by net assets ($3.54 Billion). A higher ratio indicates that the company is more efficient at using its equity to generate cash flow from its core operations. See INDB defensive interval ratio to measure how many days the company can operate on defensive assets alone.
Independent Bank - Cash Flow Conversion Efficiency Trend (1991–2025)
This chart illustrates how Independent Bank's cash flow conversion efficiency has evolved over time, based on yearly financial data.
Independent Bank Competitors by Cash Flow Conversion Efficiency
The table below lists competitors of Independent Bank ranked by their cash flow conversion efficiency.
| Company | Cash Flow Conversion Efficiency |
|---|---|
|
Jiangsu Yuyue Medical Equipment & Supply Co Ltd
SHE:002223
|
0.026x |
|
HSD Engine Co Ltd
KO:082740
|
0.075x |
|
Munters Group AB
ST:MTRS
|
0.075x |
|
FOSITEK CORP
TW:6805
|
0.047x |
|
USA Compression Partners LP
NYSE:USAC
|
0.272x |
|
Beijing Roborock Technology Co Ltd
SHG:688169
|
-0.014x |
|
Plug Power Inc
NASDAQ:PLUG
|
-0.194x |
|
MANDARIN ORIENTAL DL-05
F:1C4
|
0.007x |
Annual Cash Flow Conversion Efficiency for Independent Bank (1991–2025)
The table below shows the annual cash flow conversion efficiency of Independent Bank from 1991 to 2025. For the full company profile with market capitalisation and key ratios, see Independent Bank market cap and net worth.
| Year | Net Assets | Operating Cash Flow | Cash Flow Conversion Efficiency | Change |
|---|---|---|---|---|
| 2025-12-31 | $3.57 Billion | $251.16 Million | 0.070x | -8.30% |
| 2024-12-31 | $2.99 Billion | $229.92 Million | 0.077x | -19.71% |
| 2023-12-31 | $2.90 Billion | $276.99 Million | 0.096x | -34.43% |
| 2022-12-31 | $2.89 Billion | $421.20 Million | 0.146x | +131.53% |
| 2021-12-31 | $3.02 Billion | $190.22 Million | 0.063x | +66.01% |
| 2020-12-31 | $1.70 Billion | $64.64 Million | 0.038x | +94.47% |
| 2019-12-31 | $11.09 Billion | $216.52 Million | 0.020x | -85.23% |
| 2018-12-31 | $1.07 Billion | $141.84 Million | 0.132x | -4.74% |
| 2017-12-31 | $943.81 Million | $130.91 Million | 0.139x | +28.50% |
| 2016-12-31 | $864.69 Million | $93.34 Million | 0.108x | -7.00% |
| 2015-12-31 | $771.46 Million | $89.54 Million | 0.116x | -17.67% |
| 2014-12-31 | $640.53 Million | $90.31 Million | 0.141x | -40.99% |
| 2013-12-31 | $591.54 Million | $141.34 Million | 0.239x | +187.74% |
| 2012-12-31 | $529.32 Million | $43.95 Million | 0.083x | -31.03% |
| 2011-12-31 | $469.06 Million | $56.47 Million | 0.120x | +12.63% |
| 2010-12-31 | $436.47 Million | $46.65 Million | 0.107x | +40.40% |
| 2009-12-31 | $412.65 Million | $31.42 Million | 0.076x | +5.17% |
| 2008-12-31 | $305.27 Million | $22.10 Million | 0.072x | -57.59% |
| 2007-12-31 | $220.47 Million | $37.63 Million | 0.171x | +17.61% |
| 2006-12-31 | $229.78 Million | $33.35 Million | 0.145x | -27.67% |
| 2005-12-31 | $228.15 Million | $45.78 Million | 0.201x | +118.84% |
| 2004-12-31 | $210.74 Million | $19.32 Million | 0.092x | -52.81% |
| 2003-12-31 | $219.70 Million | $42.69 Million | 0.194x | +72.60% |
| 2002-12-31 | $209.02 Million | $23.53 Million | 0.113x | -18.11% |
| 2001-12-31 | $208.59 Million | $28.67 Million | 0.137x | +29.94% |
| 2000-12-31 | $166.03 Million | $17.56 Million | 0.106x | -59.51% |
| 1999-12-31 | $126.88 Million | $33.15 Million | 0.261x | +40.30% |
| 1998-12-31 | $124.60 Million | $23.20 Million | 0.186x | +23.42% |
| 1997-12-31 | $121.30 Million | $18.30 Million | 0.151x | -18.97% |
| 1996-12-31 | $81.10 Million | $15.10 Million | 0.186x | -23.20% |
| 1995-12-31 | $72.60 Million | $17.60 Million | 0.242x | -14.95% |
| 1994-12-31 | $64.20 Million | $18.30 Million | 0.285x | +5.56% |
| 1993-12-31 | $57.40 Million | $15.50 Million | 0.270x | -6.99% |
| 1992-12-31 | $52.70 Million | $15.30 Million | 0.290x | -18.87% |
| 1991-12-31 | $31.30 Million | $11.20 Million | 0.358x | -- |
About Independent Bank
Independent Bank Corp. operates as the bank holding company for Rockland Trust Company that provides commercial banking products and services to individuals and small-to-medium sized businesses in the United States. It provides interest checking, money market, and savings accounts, as well as demand deposits and time certificates of deposit. The company also offers commercial real estate and cons… Read more