Harbor Bankshares (Harbor Bankshares) LT-Debt-to-Total-Asset : 0.03 (As of Sep. 2006)

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What is Harbor Bankshares LT-Debt-to-Total-Asset?

LT Debt to Total Assets is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. It is calculated as a company's Long-Term Debt & Capital Lease Obligationdivide by its Total Assets. Harbor Bankshares's long-term debt to total assests ratio for the quarter that ended in Sep. 2006 was 0.03.

Harbor Bankshares's long-term debt to total assets ratio declined from Sep. 2005 (0.03) to Sep. 2006 (0.03). It may suggest that Harbor Bankshares is progressively becoming less dependent on debt to grow their business.

Harbor Bankshares LT-Debt-to-Total-Asset Historical Data

The historical data trend for Harbor Bankshares's LT-Debt-to-Total-Asset 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.

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Harbor Bankshares LT-Debt-to-Total-Asset Chart

Harbor Bankshares Annual Data

Trend

Dec96

Dec97

Dec98

Dec99

Dec00

Dec01

Dec02

Dec03

Dec04

Dec05

LT-Debt-to-Total-Asset

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0.01

0.03

Harbor Bankshares Quarterly Data
	Dec01	Mar02	Jun02	Sep02	Dec02	Mar03	Jun03	Sep03	Dec03	Mar04	Jun04	Sep04	Dec04	Mar05	Jun05	Sep05	Dec05	Mar06	Jun06	Sep06
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.03	0.03	0.03	0.03	0.03

Harbor Bankshares LT-Debt-to-Total-Asset Calculation

Harbor Bankshares's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2005 is calculated as

LT Debt to Total Assets (A: Dec. 2005 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2005 )	/	Total Assets (A: Dec. 2005 )
	=	7.217	/	256.636
	=	0.03

Harbor Bankshares's Long-Term Debt to Total Asset Ratio for the quarter that ended in Sep. 2006 is calculated as

LT Debt to Total Assets (Q: Sep. 2006 )	=	Long-Term Debt & Capital Lease Obligation (Q: Sep. 2006 )	/	Total Assets (Q: Sep. 2006 )
	=	7.217	/	256.785
	=	0.03

Harbor Bankshares (OTCPK:HRBK) LT-Debt-to-Total-Asset Explanation

LT Debt to Total Asset is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. A year-over-year decrease in this metric would suggest the company is progressively becoming less dependent on debt to grow their business.

Harbor Bankshares LT-Debt-to-Total-Asset Related Terms

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Harbor Bankshares (Harbor Bankshares) Business Description

Industry

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

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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