HFBK (Harford Bank) Cash-to-Debt : No Debt ⁽¹⁾ (As of Dec. 2024)

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What is Harford Bank 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. Harford Bank's cash to debt ratio for the quarter that ended in Dec. 2024 was No Debt ⁽¹⁾.

If Cash to Debt ratio is greater than 1, the company can pay off its debt using the cash in hand. Here we can see, Harford Bank could pay off its debt using the cash in hand for the quarter that ended in Dec. 2024.

(1) 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.

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

HFBK' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.35 Med: 1.4 Max: No Debt
Current: 5.74

During the past 13 years, Harford Bank's highest Cash to Debt Ratio was No Debt. The lowest was 0.35. And the median was 1.40.

HFBK's Cash-to-Debt is ranked better than
79.87% of 1505 companies
in the Banks industry
Industry Median: 1.35 vs HFBK: 5.74

Harford Bank Cash-to-Debt Historical Data

The historical data trend for Harford Bank'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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Harford Bank Cash-to-Debt Chart

Harford Bank Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Cash-to-Debt

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No Debt

0.71

No Debt

Harford Bank Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Cash-to-Debt	Get a 7-Day Free Trial															0.71	1.23	2.06	5.82	No Debt

Competitive Comparison of Harford Bank's Cash-to-Debt

For the Banks - Regional subindustry, Harford Bank'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.

Harford Bank's Cash-to-Debt Distribution in the Banks Industry

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

* The bar in red indicates where Harford Bank's Cash-to-Debt falls into.

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Harford Bank 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.

Harford Bank's Cash to Debt Ratio for the fiscal year that ended in Dec. 2024 is calculated as:

Harford Bank had no debt ⁽¹⁾.

Harford Bank's Cash to Debt Ratio for the quarter that ended in Dec. 2024 is calculated as:

Harford Bank had no debt ⁽¹⁾.

Harford Bank (OTCPK:HFBK) 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.

Harford Bank Cash-to-Debt Related Terms

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

Harford Bank Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Harford Bank (OTCPK:HFBK) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

8 West Bel Air Avenue, Aberdeen, MD, USA, 21001

Website

https://www.harfordbank.com

Harford Bank is a banking services company. The company provides a full range of banking services to customers located in Harford and Cecil Counties and surrounding areas of northeastern Maryland. The company conducts general commercial banking in its primary service areas, emphasizing the banking needs of individuals and small to medium-sized businesses and professional concerns. The primary source of income for the Bank is the net interest income it earns. The bank has only one operating segment, which is commercial banking.

Harford Bank Headlines

From GuruFocus

Harford Bank Announces Change In Location And Format Of 2020 Annual Meeting To Be Held On May 20, 2020

By PRNewswire PRNewswire • 05-12-2020

HFBK (Harford Bank) Cash-to-Debt : No Debt (1) (As of Dec. 2024)