Independent Bank (INDB) — Working Capital to Net Assets Ratio
Independent Bank (INDB) has a Working Capital to Net Assets ratio of -284.5% as of December 2025. Working capital of $-10.15 Billion (current assets of $229.77 Million minus current liabilities of $10.38 Billion) is measured against net assets of $3.57 Billion. A higher ratio indicates strong short-term liquidity financed by the equity base. See financial flexibility index of Independent Bank to measure the company's free cash flow as a share of total liabilities.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Independent Bank Working Capital to Net Assets (1991–2025)
This chart shows how Independent Bank's Working Capital to Net Assets ratio has evolved across 35 annual periods from 1991 to 2025. As of December 2025, the ratio stands at -284.5%, reflecting working capital of $-10.15 Billion against net assets of $3.57 Billion USD. See how many days can Independent Bank fund operations to measure how many days the company can operate on defensive assets alone.
Annual Working Capital to Net Assets for Independent Bank (1991–2025)
The table below presents the year-by-year Working Capital to Net Assets ratio for Independent Bank from 1991 to 2025, covering 35 annual filings. Each row shows current assets, current liabilities, working capital, net assets, the ratio, and the change in percentage points compared to the prior year. For live market cap and the full company profile, see market cap of Independent Bank.
| Year | WC/NA Ratio | Working Capital (USD) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2025 | -5.2% | $-185.85 Million | $3.57 Billion | $229.77 Million | $415.62 Million | ▲ +493.9 pp |
| 2024 | -499.1% | $-14.94 Billion | $2.99 Billion | $367.16 Million | $15.31 Billion | ▼ -39.5 pp |
| 2023 | -459.6% | $-13.31 Billion | $2.90 Billion | $1.56 Billion | $14.87 Billion | ▲ +29.8 pp |
| 2022 | -489.4% | $-14.13 Billion | $2.89 Billion | $1.75 Billion | $15.88 Billion | ▼ -55.2 pp |
| 2021 | -434.2% | $-13.11 Billion | $3.02 Billion | $3.81 Billion | $16.92 Billion | ▲ +111.1 pp |
| 2020 | -545.2% | $-9.28 Billion | $1.70 Billion | $1.71 Billion | $10.99 Billion | ▼ -498.8 pp |
| 2019 | -46.5% | $-5.16 Billion | $11.09 Billion | $577.40 Million | $5.73 Billion | ▲ +594.6 pp |
| 2018 | -641.1% | $-6.88 Billion | $1.07 Billion | $693.21 Million | $7.57 Billion | ▼ -975.0 pp |
| 2017 | 334.0% | $3.15 Billion | $943.81 Million | $6.80 Billion | $3.65 Billion | ▼ -402.8 pp |
| 2016 | 736.8% | $6.37 Billion | $864.69 Million | $6.55 Billion | $176.91 Million | ▼ -33.5 pp |
| 2015 | 770.3% | $5.94 Billion | $771.46 Million | $6.08 Billion | $133.96 Million | ▲ +1532.4 pp |
| 2014 | -762.1% | $-4.88 Billion | $640.53 Million | $526.81 Million | $5.41 Billion | ▲ +18.5 pp |
| 2013 | -780.6% | $-4.62 Billion | $591.54 Million | $573.19 Million | $5.19 Billion | ▲ +16.1 pp |
| 2012 | -796.7% | $-4.22 Billion | $529.32 Million | $544.76 Million | $4.76 Billion | ▼ -39.9 pp |
| 2011 | -756.9% | $-3.55 Billion | $469.06 Million | $542.84 Million | $4.09 Billion | ▲ +75.9 pp |
| 2010 | -832.7% | $-3.63 Billion | $436.47 Million | $161.28 Million | $3.80 Billion | ▲ +1.8 pp |
| 2009 | -834.6% | $-3.44 Billion | $412.65 Million | $121.91 Million | $3.57 Billion | ▲ +49.9 pp |
| 2008 | -884.4% | $-2.70 Billion | $305.27 Million | $50.01 Million | $2.75 Billion | ▲ +67.1 pp |
| 2007 | -951.5% | $-2.10 Billion | $220.47 Million | $67.42 Million | $2.17 Billion | ▼ -22.0 pp |
| 2006 | -929.5% | $-2.14 Billion | $229.78 Million | $62.77 Million | $2.20 Billion | ▲ +149.9 pp |
| 2005 | -1079.4% | $-2.46 Billion | $228.15 Million | $66.29 Million | $2.53 Billion | ▲ +54.3 pp |
| 2004 | -1133.7% | $-2.39 Billion | $210.74 Million | $62.96 Million | $2.45 Billion | ▼ -336.2 pp |
| 2003 | -797.5% | $-1.75 Billion | $219.70 Million | $75.50 Million | $1.83 Billion | ▲ +7.2 pp |
| 2002 | -804.7% | $-1.68 Billion | $209.02 Million | $71.32 Million | $1.75 Billion | ▼ -43.5 pp |
| 2001 | -761.2% | $-1.59 Billion | $208.59 Million | $66.97 Million | $1.65 Billion | ▲ +190.5 pp |
| 2000 | -951.7% | $-1.58 Billion | $166.03 Million | $58.01 Million | $1.64 Billion | ▲ +89.6 pp |
| 1999 | -1041.2% | $-1.32 Billion | $126.88 Million | $48.95 Million | $1.37 Billion | ▲ +45.2 pp |
| 1998 | -1086.4% | $-1.35 Billion | $124.60 Million | $86.20 Million | $1.44 Billion | ▼ -178.0 pp |
| 1997 | -908.4% | $-1.10 Billion | $121.30 Million | $65.00 Million | $1.17 Billion | ▲ +255.5 pp |
| 1996 | -1163.9% | $-943.90 Million | $81.10 Million | $53.50 Million | $997.40 Million | ▼ -42.0 pp |
| 1995 | -1121.9% | $-814.50 Million | $72.60 Million | $80.70 Million | $895.20 Million | ▲ +107.2 pp |
| 1994 | -1229.1% | $-789.10 Million | $64.20 Million | $59.10 Million | $848.20 Million | ▼ -15.4 pp |
| 1993 | -1213.8% | $-696.70 Million | $57.40 Million | $58.60 Million | $755.30 Million | ▲ +17.5 pp |
| 1992 | -1231.3% | $-648.90 Million | $52.70 Million | $88.10 Million | $737.00 Million | ▲ +1084.0 pp |
| 1991 | -2315.3% | $-724.70 Million | $31.30 Million | $69.60 Million | $794.30 Million | — |