Jordan Kuwait Bank (AMM:JOKB) Debt-to-Equity : 0.02 (As of Mar. 2024)

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What is Jordan Kuwait Bank Debt-to-Equity?

Jordan Kuwait Bank's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was JOD0.0 Mil. Jordan Kuwait Bank's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was JOD12.6 Mil. Jordan Kuwait Bank's Total Stockholders Equity for the quarter that ended in Mar. 2024 was JOD645.9 Mil. Jordan Kuwait Bank's debt to equity for the quarter that ended in Mar. 2024 was 0.02.

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 Jordan Kuwait Bank's Debt-to-Equity or its related term are showing as below:

AMM:JOKB' s Debt-to-Equity Range Over the Past 10 Years
Min: 0 Med: 0.05 Max: 0.58
Current: 0.02

During the past 13 years, the highest Debt-to-Equity Ratio of Jordan Kuwait Bank was 0.58. The lowest was 0.00. And the median was 0.05.

AMM:JOKB's Debt-to-Equity is ranked better than
97.87% of 1408 companies
in the Banks industry
Industry Median: 0.66 vs AMM:JOKB: 0.02

Jordan Kuwait Bank Debt-to-Equity Historical Data

The historical data trend for Jordan Kuwait Bank'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.

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Jordan Kuwait Bank Debt-to-Equity Chart

Jordan Kuwait Bank Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.19

0.21

0.03

0.02

Jordan Kuwait Bank Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial															0.03	0.02	-	0.02	0.02

Competitive Comparison of Jordan Kuwait Bank's Debt-to-Equity

For the Banks - Regional subindustry, Jordan Kuwait Bank'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.

Jordan Kuwait Bank's Debt-to-Equity Distribution in the Banks Industry

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

* The bar in red indicates where Jordan Kuwait Bank's Debt-to-Equity falls into.

Jordan Kuwait Bank Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Jordan Kuwait Bank'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
	=	(0	+	12.792)	/	614.743
	=	0.02

Jordan Kuwait Bank's Debt to Equity Ratio for the quarter that ended in Mar. 2024 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
	=	(0	+	12.639)	/	645.931
	=	0.02

Jordan Kuwait Bank (AMM:JOKB) 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.

Jordan Kuwait Bank Debt-to-Equity Related Terms

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Jordan Kuwait Bank (AMM:JOKB) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Jordan Kuwait Bank (AMM:JOKB) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

62 Ummaya Bin Abed Shams Street, P.O. Box 9776, Amman, JOR, 11191

Website

https://www.jkb.com

Jordan Kuwait Bank provides banking and financial services. It offers Retail banking, Business Banking, Private Banking, and Treasury and Investment. The Bank conducts international operations through its branches in Cyprus and Palestine. The Bank offers individuals (retail) loans, real estate loans, and loans to large companies, small and medium enterprises (SMEs), and government and public sector companies. Also, offers current accounts, savings accounts, and fixed deposits. It offers automobile, housing, and student loans. It offers American Express, MasterCard, and Visa cards. The Bank performs its operations mainly in the Hashemite Kingdom of Jordan which represent local operations, and hence it generates most of its revenue from Jordan itself.

Jordan Kuwait Bank (AMM:JOKB) Headlines

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