Shore Bancshares (Shore Bancshares) Debt-to-Asset : 0.01 (As of Dec. 2023)

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What is Shore Bancshares Debt-to-Asset?

Shore Bancshares's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0.0 Mil. Shore Bancshares's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $85.2 Mil. Shore Bancshares's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Dec. 2023 was $6,010.9 Mil. Shore Bancshares's debt to asset for the quarter that ended in Dec. 2023 was 0.01.

Shore Bancshares Debt-to-Asset Historical Data

The historical data trend for Shore Bancshares's Debt-to-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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Shore Bancshares Debt-to-Asset Chart

Shore Bancshares Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Asset

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0.01

0.02

0.03

0.01

Shore Bancshares Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Asset	Get a 7-Day Free Trial															0.03	0.05	0.09	0.02	0.01

Competitive Comparison of Shore Bancshares's Debt-to-Asset

For the Banks - Regional subindustry, Shore Bancshares's Debt-to-Asset, along with its competitors' market caps and Debt-to-Asset 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.

Shore Bancshares's Debt-to-Asset Distribution in the Banks Industry

For the Banks industry and Financial Services sector, Shore Bancshares's Debt-to-Asset distribution charts can be found below:

* The bar in red indicates where Shore Bancshares's Debt-to-Asset falls into.

Shore Bancshares Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

Shore Bancshares's Debt-to-Asset for the fiscal year that ended in Dec. 2023 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(0	+	85.154)	/	6010.918
	=	0.01

Shore Bancshares's Debt-to-Asset for the quarter that ended in Dec. 2023 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(0	+	85.154)	/	6010.918
	=	0.01

Shore Bancshares (NAS:SHBI) Debt-to-Asset Explanation

In the calculation of Debt-to-Asset, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Assets.

Shore Bancshares Debt-to-Asset Related Terms

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

Shore Bancshares (Shore Bancshares) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Shore Bancshares Inc (NAS:SHBI) » Definitions » Debt-to-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

18 East Dover Street, Easton, MD, USA, 21601

Website

https://www.shorebancshares.com

Shore Bancshares Inc is a financial holding company. It offers personalized banking, insurance, and investment services to families and businesses in the Mid-Atlantic region. It operates in two business segments - community banking and mortgage banking. Community banking is conducted through the Bank and involves delivering a broad range of financial services, including lending and deposit-taking, to individuals and commercial enterprises, it also includes treasury and administrative functions. Mortgage banking is conducted through the Bank's secondary marketing department and involves originating first and second-lien residential mortgages for sale in the secondary market.

Executives

John Lamon	director	62 EAST LAKE DRIVE, ANNAPOLIS MD 21403
Dawn M. Willey	director	18 E. DOVER STREET, EASTON MD 21601
Kelly Clyde V. Iii	director	28969 INFORMATION LANE, EASTON MD 21601
Konrad Wayson	director	5378 SUDLEY ROAD, WEST RIVER MD 20778
Christy Lombardi	officer: Chief Human Resources Officer	3035 LEONARDTOWN ROAD, WALDORF MD 20601
Slater A Joseph Jr	director	3035 LEONARDTOWN ROAD, WALDORF MD 20601
Jenkins Louis P Jr	director	3035 LEONARDTOWN ROAD, WALDORF MD 20601
Stone Joseph V Jr	director	C/O TRI-COUNTY FINANCIAL CORPORATION, 3035 LEONARDTOWN ROAD, WALDORF MD 20601
James M Burke	director, officer: President & CEO	3035 LEONARDTOWN ROAD, WALDORF MD 20601
Mary Todd Peterson	director	3035 LEONARDTOWN ROAD, WALDORF MD 20601
Todd L Capitani	officer: EVP & CFO	3035 LEONARDTOWN ROAD, WALDORF MD 20601
Sanders Edward Lawrence Iii	director	C/O THE COMMUNITY FINANCIAL CORPORATION, 3035 LEONARDTOWN ROAD, WALDORF MD 20601
Brian Scot Ebron	officer: Chief Banking Officer	C/O THE COMMUNITY FINANCIAL CORPORATION, 3035 LEONARDTOWN ROAD, WALDORF MD 20601
Tala Tay	officer: Chief Risk Officer	C/O THE COMMUNITY FINANCIAL CORPORATION, 3035 LEONARDTOWN ROAD, WALDORF MD 20601
Rebecca Middleton Mcdonald	director	C/O THE COMMUNITY FINANCIAL CORPORATION, 3035 LEONARDTOWN ROAD, WALDORF MD 20601