Glen Burnie Bancorp (Glen Burnie Bancorp) Cash-to-Debt : 0.51 (As of Dec. 2023)

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What is Glen Burnie Bancorp 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. Glen Burnie Bancorp's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.51.

If Cash to Debt ratio is less than 1, the company cannot pay off its debt using the cash in hand. Here we can see, Glen Burnie Bancorp couldn't pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

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

GLBZ' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.29 Med: 0.53 Max: No Debt
Current: 0.51

During the past 13 years, Glen Burnie Bancorp's highest Cash to Debt Ratio was No Debt. The lowest was 0.29. And the median was 0.53.

GLBZ's Cash-to-Debt is ranked worse than
72.55% of 1439 companies
in the Banks industry
Industry Median: 1.25 vs GLBZ: 0.51

Glen Burnie Bancorp Cash-to-Debt Historical Data

The historical data trend for Glen Burnie Bancorp'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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Glen Burnie Bancorp Cash-to-Debt Chart

Glen Burnie Bancorp Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

Get a 7-Day Free Trial

0.53

1.24

3.11

No Debt

0.51

Glen Burnie Bancorp Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial															No Debt	No Debt	0.78	0.58	0.51

Competitive Comparison of Glen Burnie Bancorp's Cash-to-Debt

For the Banks - Regional subindustry, Glen Burnie Bancorp'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.

Glen Burnie Bancorp's Cash-to-Debt Distribution in the Banks Industry

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

* The bar in red indicates where Glen Burnie Bancorp's Cash-to-Debt falls into.

Glen Burnie Bancorp 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.

Glen Burnie Bancorp's Cash to Debt Ratio for the fiscal year that ended in Dec. 2023 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)
	=	15.241	/	(30	+	0)
	=	0.51

Glen Burnie Bancorp's Cash to Debt Ratio for the quarter that ended in Dec. 2023 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)
	=	15.241	/	(30	+	0)
	=	0.51

Glen Burnie Bancorp (NAS:GLBZ) 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.

Glen Burnie Bancorp Cash-to-Debt Related Terms

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

Glen Burnie Bancorp (Glen Burnie Bancorp) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Glen Burnie Bancorp (NAS:GLBZ) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

101 Crain Highway, S.E., Glen Burnie, MD, USA, 21061

Website

https://www.thebankofglenburnie.com

Glen Burnie Bancorp is a bank holding company for The Bank of Glen Burnie. It offers retail and commercial banking services such as checking, savings, loans, mobile banking, online banking, wire transfer, ACH services, debit card, automated teller machines, and safe deposit boxes among others. The bank generates its revenue in the form of interest income. All of the revenues are earned within the United States.

Executives

Mary L Wilcox	director	711 MAYO RD, GLEN BURNIE MD 21061
Julie M Mussog	director	1105 MIAMI AVENUE, ANNAPOLIS MD 21403
Stanford Hess	director	43 RIVER OAKS CIRCLE, BALTIMORE MD 21208
Joan Rumenap	director	115 1ST AVENUE, SW, GLEN BURNIE MD 21061
Harrison Norman E Jr	director	1 BARNABY COURT, TIMONIUM MD 21093
John D. Long	director, officer: Executive Vice President	101 CRANE HIGHWAY, S.E., GLEN BURNIE MD 21061
Edward L Maddox	director	323 ARBOR OAKS CT., MILLERSVILLE MD 21108
John Melvin Wright	officer: CFO	1301 MERRITT BOULEVARD, DUNDALK MD 21222
Kuethe F William Jr	director, officer: President	101 CRAIN HIGHWAY SE, GLEN BURNIE MD 21061
John E Demyan	director	101 CRAIN HWY SE, GLEN BURNIE MD 21061
Andrew Cooch	director	101 CRAIN HIGHWAY SE, GLEN BURNIE MD 21061
Karen B Thowarth	director	201 THIRD AVE SW, GLEN BURNIE MD 21061
Edward B Connelly	officer: COO	207 SANFORD AVENUE, CATONSVILLE MD 21228
Scherer William N Sr	director	24 CRAIN HIGHWAY SW, GLEN BURNIE MD 21061
Joyce Ann Ohmer	officer: Senior Vice President	300 COUNCIL OAK DRIVE, SEVERN MD 21144