Independent Bank
Balance Sheet
Last updated:
The balance sheet is a financial statement presenting the value of assets, liabilities and equity of a company. How has Independent Bank's balance sheet done over the years? Its assets were worth $5,263,726,000 last year, which is more than in the previous period. 92% of Independent Bank’s total assets is currently financed by debt. Its liabilities reached the amount of $4,859,277,000, which means an increase by 4% compared compared to last year.
Debt to Assets
| 2014 | 2248730000 | 1.99B | 88.87% |
|---|---|---|---|
| 2015 | 2409066000 | 2.15B | 89.58% |
| 2016 | 2548950000 | 2.29B | 90.23% |
| 2017 | 2789355000 | 2.52B | 90.5% |
| 2018 | 3353281000 | 3.01B | 89.89% |
| 2019 | 3564694000 | 3.21B | 90.18% |
| 2020 | 4204013000 | 108.81M | 2.59% |
| 2021 | 4704740000 | 108.95M | 2.32% |
| 2022 | 4999787000 | 4.65B | 93.05% |
| 2023 | 5263726000 | 4.85B | 92.32% |
IBCP Balance Sheet (2014 – 2023)
| 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|
Assets | ||||||||||
Current assets: | ||||||||||
Cash and cash equivalents | 169.78M | 74.37M | 109.47M | 118.70M | 65.65M | 70.83M | 57.47M | 88.78M | 97.64M | 87.57M |
Short term investments | -300K | 779.34M | 1.41B | 1.07B | 518.4M | 427.92M | 522.92M | 610.61M | 585.48M | 533.17M |
Net receivables | 0 | 128.90M | 66.14M | 62.45M | 42.75M | 34.87M | 29.55M | 35.63M | 7.22M | 7.23M |
Inventory | 0 | -91.33M | -122.58M | -131.78M | -77.62M | 0 | 0 | 26.37M | 23.73M | 23.59M |
Other current assets | 0 | 91.33M | 122.58M | 131.78M | 77.62M | 2.29B | 1.59B | 1.12B | -634.01M | -595.66M |
Total current assets | 169.48M | 982.62M | 1.58B | 1.25B | 626.80M | 2.83B | 2.20B | 1.88B | 1.76B | 1.65B |
Non-current assets: | ||||||||||
Property, Plant and Equipment | 40.43M | 35.89M | 36.40M | 36.12M | 38.41M | 38.77M | 39.14M | 40.17M | 43.10M | 45.94M |
Goodwill | 28.3M | 28.3M | 28.3M | 28.3M | 28.3M | 28.3M | 0 | 0 | 0 | 0 |
Intangible assets | 44.24M | 45.04M | 29.56M | 21.21M | 24.49M | 27.81M | 17.28M | 15.60M | 14.71M | 14.73M |
Long term investments | 169.14M | 1.15B | 1.41B | 1.07B | 518.4M | 428.31M | 523.38M | 611.02M | 585.63M | 533.38M |
Other non-current assets | 4.81B | -42.73M | -15.63M | -12.09M | -11.04M | -12.00M | -19.81M | -38.13M | 2.27B | 2.13B |
Total non-current assets | 5.09B | 1.26B | 1.50B | 1.15B | 609.60M | 523.21M | 579.81M | 666.80M | 643.45M | 594.06M |
Total assets | 5.26B | 4.99B | 4.70B | 4.20B | 3.56B | 3.35B | 2.78B | 2.54B | 2.40B | 2.24B |
Liabilities | ||||||||||
| Current liabilities: | ||||||||||
Accounts payable | ||||||||||
Deferred revenue | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Short term debt | 0 | 61M | 1.61M | 1.66M | 28.64M | 10M | 36.79M | 1.58M | 0 | 0 |
Total current liabilities | 2.69B | 61M | 1.59B | 1.15B | 28.64M | 10M | 19.91M | 720.70M | 23.36M | 22.97M |
| Non-current liabilities: | ||||||||||
Long term debt | 129.26M | 165.09M | 108.95M | 108.81M | 128.10M | 65.08M | 53.37M | 45.00M | 47.52M | 48.03M |
Deferred tax | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Other non-current liabilities | 2.04B | -104.09M | -108.95M | -108.81M | -128.10M | -10M | 10.13M | -5.32M | -47.52M | -48.03M |
Total non-current liabilities | 2.17B | 61M | 108.95M | 108.81M | 128.10M | 55.08M | 63.50M | 45.00M | 47.52M | 48.03M |
Total liabilities | 4.85B | 4.65B | 108.95M | 108.81M | 3.21B | 3.01B | 2.52B | 2.29B | 2.15B | 1.99B |
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