Glen Burnie Bancorp (Glen Burnie Bancorp) Debt-to-Equity

: 1.55 (As of Dec. 2023)

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Glen Burnie Bancorp's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $30.00 Mil. Glen Burnie Bancorp's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0.00 Mil. Glen Burnie Bancorp's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $19.33 Mil. Glen Burnie Bancorp's debt to equity for the quarter that ended in Dec. 2023 was 1.55.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

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

GLBZ' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.56 Med: 0.59 Max: 1.62
Current: 1.55

During the past 13 years, the highest Debt-to-Equity Ratio of Glen Burnie Bancorp was 1.62. The lowest was 0.56. And the median was 0.59.

GLBZ's Debt-to-Equity is ranked worse than
77.35% of 1395 companies
in the Banks industry
Industry Median: 0.7 vs GLBZ: 1.55

Glen Burnie Bancorp Debt-to-Equity Historical Data

The historical data trend for Glen Burnie Bancorp's Debt-to-Equity 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.

* Premium members only.

Glen Burnie Bancorp Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.70

0.81

0.56

1.55

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
Debt-to-Equity	Get a 7-Day Free Trial															-	-	0.87	1.90	1.55

Competitive Comparison

For the Banks - Regional subindustry, Glen Burnie Bancorp's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity 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 Debt-to-Equity Distribution

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

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

Glen Burnie Bancorp Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Glen Burnie Bancorp's Debt to Equity Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(30	+	0)	/	19.325
	=	1.55

Glen Burnie Bancorp's Debt to Equity Ratio for the quarter that ended in Dec. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(30	+	0)	/	19.325
	=	1.55

Glen Burnie Bancorp (NAS:GLBZ) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.

Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.

Glen Burnie Bancorp Debt-to-Equity Related Terms

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Glen Burnie Bancorp (Glen Burnie Bancorp) Business Description

Industry

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

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