Harbor Bankshares (Harbor Bankshares) Cash-to-Debt : 1.60 (As of Sep. 2006)

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What is Harbor Bankshares Cash-to-Debt?

Cash to Debt Ratio measures the financial strength of a company. It is calculated as a company's cash, cash equivalents, and marketable securities divide by its debt. Harbor Bankshares's cash to debt ratio for the quarter that ended in Sep. 2006 was 1.60.

If Cash to Debt ratio is greater than 1, the company can pay off its debt using the cash in hand. Here we can see, Harbor Bankshares could pay off its debt using the cash in hand for the quarter that ended in Sep. 2006.

The historical rank and industry rank for Harbor Bankshares's Cash-to-Debt or its related term are showing as below:

HRBK's Cash-to-Debt is not ranked ^*
in the Banks industry.
Industry Median: 1.29
* Ranked among companies with meaningful Cash-to-Debt only.

Harbor Bankshares Cash-to-Debt Historical Data

The historical data trend for Harbor Bankshares's Cash-to-Debt can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Note: An indication of "No Debt" does not necessarily mean that the company has no debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.

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Harbor Bankshares Cash-to-Debt Chart

Harbor Bankshares Annual Data

Trend

Dec96

Dec97

Dec98

Dec99

Dec00

Dec01

Dec02

Dec03

Dec04

Dec05

Cash-to-Debt

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9.35

11.44

2.36

2.50

3.18

Harbor Bankshares Quarterly Data
	Dec01	Mar02	Jun02	Sep02	Dec02	Mar03	Jun03	Sep03	Dec03	Mar04	Jun04	Sep04	Dec04	Mar05	Jun05	Sep05	Dec05	Mar06	Jun06	Sep06
Cash-to-Debt	Get a 7-Day Free Trial															1.01	3.18	0.52	0.87	1.60

Competitive Comparison of Harbor Bankshares's Cash-to-Debt

For the Banks - Regional subindustry, Harbor Bankshares's Cash-to-Debt, along with its competitors' market caps and Cash-to-Debt data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Harbor Bankshares's Cash-to-Debt Distribution in the Banks Industry

For the Banks industry and Financial Services sector, Harbor Bankshares's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Harbor Bankshares's Cash-to-Debt falls into.

Harbor Bankshares Cash-to-Debt Calculation

This is the ratio of a company's Balance Sheet Cash And Cash Equivalents to its debt. The debt includes the Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation. This ratio measures the financial strength of a company. This ratio is updated quarterly.

Harbor Bankshares's Cash to Debt Ratio for the fiscal year that ended in Dec. 2005 is calculated as:

Cash to Debt Ratio	=	Balance Sheet Cash And Cash Equivalents	/	Total Debt
	=	Balance Sheet Cash And Cash Equivalents	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	22.959	/	(0	+	7.217)
	=	3.18

Harbor Bankshares's Cash to Debt Ratio for the quarter that ended in Sep. 2006 is calculated as:

Cash to Debt Ratio	=	Balance Sheet Cash And Cash Equivalents	/	Total Debt
	=	Balance Sheet Cash And Cash Equivalents	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	11.556	/	(0	+	7.217)
	=	1.60

Harbor Bankshares (OTCPK:HRBK) Cash-to-Debt Explanation

If Cash to Debt ratio is greater than 1, the company can pay off its debt using the cash in hand. If it is smaller than 1, it means the company has more debt than the cash in hands. In this case, it is important to look the the company's Interest Coverage. Ben Graham requires that a company must have an Interest Coverage of at least 5.

Harbor Bankshares Cash-to-Debt Related Terms

Thank you for viewing the detailed overview of Harbor Bankshares's Cash-to-Debt provided by GuruFocus.com. Please click on the following links to see related term pages.

Harbor Bankshares (Harbor Bankshares) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Harbor Bankshares Corp (OTCPK:HRBK) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

25 West Fayette Street, Baltimore, MD, USA, 21201

Website

https://www.theharborbank.com

Harbor Bankshares Corp is the holding company for The Harbor Bank of Maryland. The Bank conducts general banking business in locations and primarily serves the Baltimore, Maryland, metropolitan area. It offers checking, savings, and time deposits, commercial real estate, personal, home improvement, automobile, and other installment and term loans. The company also provides various loans including commercial and residential mortgage loans, construction loans, working capital loans, and lines of credit. Its portfolio consists of investments in the U.S. government and corporate debt obligations.

Executives

Louis J Grasmick

director

GRASMICK LUMBER, 6715 QUAD AVENUE, BALTIMORE MD 21237

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