Harbor Bankshares (Harbor Bankshares) Debt-to-Equity : 0.40 (As of Sep. 2006)

View and export this data going back to . Start your Free Trial

What is Harbor Bankshares Debt-to-Equity?

Harbor Bankshares's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2006 was $0.00 Mil. Harbor Bankshares's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2006 was $7.22 Mil. Harbor Bankshares's Total Stockholders Equity for the quarter that ended in Sep. 2006 was $17.85 Mil. Harbor Bankshares's debt to equity for the quarter that ended in Sep. 2006 was 0.40.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

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

HRBK's Debt-to-Equity is not ranked ^*
in the Banks industry.
Industry Median: 0.65
* Ranked among companies with meaningful Debt-to-Equity only.

Harbor Bankshares Debt-to-Equity Historical Data

The historical data trend for Harbor Bankshares's Debt-to-Equity 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.

* Premium members only.

Harbor Bankshares Debt-to-Equity Chart

Harbor Bankshares Annual Data

Trend

Dec96

Dec97

Dec98

Dec99

Dec00

Dec01

Dec02

Dec03

Dec04

Dec05

Debt-to-Equity

Get a 7-Day Free Trial

0.16

0.14

0.47

0.44

0.43

Harbor Bankshares Quarterly Data
	Dec01	Mar02	Jun02	Sep02	Dec02	Mar03	Jun03	Sep03	Dec03	Mar04	Jun04	Sep04	Dec04	Mar05	Jun05	Sep05	Dec05	Mar06	Jun06	Sep06
Debt-to-Equity	Get a 7-Day Free Trial															0.62	0.43	0.61	0.59	0.40

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

For the Banks - Regional subindustry, Harbor Bankshares's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity 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 Debt-to-Equity Distribution in the Banks Industry

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

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

Harbor Bankshares Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

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

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(0	+	7.217)	/	16.954
	=	0.43

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

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(0	+	7.217)	/	17.849
	=	0.40

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

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.

Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.

Harbor Bankshares Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of Harbor Bankshares's Debt-to-Equity 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 » Debt-to-Equity

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

Harbor Bankshares (Harbor Bankshares) Headlines

No Headlines