As of May 27, 2025, Independent Bank Corp (Massachusetts) (INDB) reports a Current Ratio of 1.86.
Current Ratio assesses a company's ability to pay short-term debts by comparing liquid assets to liabilities, with higher ratios signaling better financial health.
Comparing Independent Bank Corp (Massachusetts)'s Current Ratio to Peers
To better understand Independent Bank Corp (Massachusetts)'s position, it's useful to compare its Current Ratio against industry peers. Below are selected comparisons:
| Company | Current Ratio |
|---|---|
| Independent Bank Corp (Massachusetts) (INDB) | 1.86 |
| Atlantic Union Bankshares Corp (AUB) | 1.86 |
| First Merchants Corp (FRME) | 1.86 |
| Hilltop Holdings Inc (HTH) | 1.86 |
| FB Financial Corp (FBK) | 1.86 |
| NBT Bancorp Inc (NBTB) | 1.86 |
Compared to its competitors, Independent Bank Corp (Massachusetts)'s Current Ratio is higher than all peers, indicating strong short-term financial flexibility but potentially excess cash that could be invested.