Bar Harbor Bankshares has the Financial Strength Rank of 3. It displays poor financial strength and is likely in financial distress. Usually this is caused by too much debt for the company.
Warning Sign:
Bar Harbor Bankshares Inc displays poor financial strength. Usually, this is caused by too much debt for the company.
GuruFocus Financial Strength Rank measures how strong a company's financial situation is. It is based on these factors:
1. The debt burden that the company has as measured by its
Interest Coverage (current year). The higher, the better.
2. Debt to revenue ratio. The lower, the better.
3.
Altman Z-Score.
GuruFocus does not calculate Bar Harbor Bankshares's interest coverage with the available data.
Bar Harbor Bankshares's debt to revenue ratio for the quarter that ended in Dec. 2023 was 2.20.
Altman Z-Score does not apply to banks and insurance companies.
Bar Harbor Bankshares Financial Strength Calculation
GuruFocus Financial Strength Rank measures how strong a company's financial situation is. It is based on these factors
A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.
1. The debt burden that the company has as measured by its Interest Coverage (current year). The higher, the better.
Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.
Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income (EBIT) by its Interest Expense:
Bar Harbor Bankshares's Interest Expense for the
months ended in Dec. 2023 was $-17.0 Mil. Its Operating Income for the
months ended in Dec. 2023 was $0.0 Mil. And its Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $60.7 Mil.
Bar Harbor Bankshares's Interest Coverage for the quarter that ended in Dec. 2023 is
The higher the ratio, the stronger the company's financial strength is.
2. Debt to revenue ratio. The lower, the better.
Bar Harbor Bankshares's Debt to Revenue Ratio for the quarter that ended in Dec. 2023 is
3. Altman Z-Score.
Z-Score model is an accurate forecaster of failure up to two years prior to distress. It can be considered the assessment of the distress of industrial corporations.
The zones of discrimination were as such:
When Z-Score is less than 1.81, it is in Distress Zones.
When Z-Score is greater than 2.99, it is in Safe Zones.
When Z-Score is between 1.81 and 2.99, it is in Grey Zones.
Altman Z-Score does not apply to banks and insurance companies.
* 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.
Bar Harbor Bankshares (Bar Harbor Bankshares) Business Description
Traded in Other Exchanges
N/A
Address
82 Main Street, P.O. Box 400, Bar Harbor, ME, USA, 04609-0400
Bar Harbor Bankshares Inc is a bank holding company along with its subsidiaries that offers a full range of financial services products, brokerage services through third-party brokerage arrangements and also trust and investment management services to individuals, businesses, non-profit organizations, and municipalities. Its products and services consist of checking, deposits, cards, mobile banking, online services, loans, merchant services, trust, and fiduciary services, investment planning, education funding, individual retirement planning, insurance, and risk management services.
Executives
| Brian D Shaw |
director |
11 CLEFTSTONE ROAD, BAR HARBOR ME 04609 |
| Debra Becton Miller |
director |
PO BOX 231, LONDONDERRY NH 03053 |
| Brendan Ohalloran |
director |
82 MAIN STREET, P.O. BOX 400, BAR HARBOR ME 04609 |
| Daina H Hill |
director |
PO BOX 400, 82 MAIN STREET, BAR HARBOR ME 04609 |
| Jason Paul Edgar |
officer: President of BHTS & CTC |
27 MEDITATION LANE, ATKINSON NH 03811 |
| Curtis C Simard |
director, officer: CEO - BHBT |
P O BOX 400, 82 MAIN STREET, BAR HARBOR ME 04609 |
| David B Woodside |
director |
|
| Matthew L Caras |
director |
82 MAIN STREET, PO BOX 400, BAR HARBOR ME 04609 |
| Kenneth Eugene Smith |
director |
C/O BAR HARBOR BANKING & TRUST COMPANY, PO BOX 400, BAR HARBOR ME 04609 |
| Scott G Toothaker |
director |
302 SURRY RD, ELLSWORTH ME 04605 |
| Stephen R Theroux |
director |
C/O NEW HAMPSHIRE THRIFT BANCHARES INC, 9 MAIN STREET, P.O. BOX 9, NEWPORT NH 03773 |
| Stephen W Ensign |
director |
C/O NEW HAMPSHIRE THRIFT BANCHARES INC, 9 MAIN STREET, P.O. BOX 9, NEWPORT NH 03773 |
| David M Colter |
director |
PO BOX 400, 82 MAIN STREET, BAR HARBOR ME 04608 |
| Steven H. Dimick |
director |
C/O NEW HAMPSHIRE THRIFT BANCSHARES, INC, PO BOX 9, NEWPORT NH 03773 |
| Lauri E Fernald |
director |
1140 MAIN STREET, MOUNT DESERT ME 04660 |
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