Kuwait National Cinema Co (KUW:KCIN) Debt-to-Equity : 1.31 (As of Jun. 2024)

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What is Kuwait National Cinema Co Debt-to-Equity?

Kuwait National Cinema Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was KWD25.20 Mil. Kuwait National Cinema Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was KWD87.81 Mil. Kuwait National Cinema Co's Total Stockholders Equity for the quarter that ended in Jun. 2024 was KWD86.26 Mil. Kuwait National Cinema Co's debt to equity for the quarter that ended in Jun. 2024 was 1.31.

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 Kuwait National Cinema Co's Debt-to-Equity or its related term are showing as below:

KUW:KCIN' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.21 Med: 0.52 Max: 1.37
Current: 1.31

During the past 13 years, the highest Debt-to-Equity Ratio of Kuwait National Cinema Co was 1.37. The lowest was 0.21. And the median was 0.52.

KUW:KCIN's Debt-to-Equity is ranked worse than
83.21% of 840 companies
in the Media - Diversified industry
Industry Median: 0.28 vs KUW:KCIN: 1.31

Kuwait National Cinema Co Debt-to-Equity Historical Data

The historical data trend for Kuwait National Cinema Co'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.

Kuwait National Cinema Co Debt-to-Equity Chart

Kuwait National Cinema Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.34

0.69

1.01

1.15

1.31

Kuwait National Cinema Co Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Debt-to-Equity	Get a 7-Day Free Trial															1.23	1.28	1.31	1.37	1.31

Competitive Comparison of Kuwait National Cinema Co's Debt-to-Equity

For the Entertainment subindustry, Kuwait National Cinema Co'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.

Kuwait National Cinema Co's Debt-to-Equity Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Kuwait National Cinema Co's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Kuwait National Cinema Co's Debt-to-Equity falls into.

Kuwait National Cinema Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Kuwait National Cinema Co'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
	=	(27.737	+	83.383)	/	85.007
	=	1.31

Kuwait National Cinema Co's Debt to Equity Ratio for the quarter that ended in Jun. 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
	=	(25.203	+	87.808)	/	86.264
	=	1.31

Kuwait National Cinema Co (KUW:KCIN) 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.

Kuwait National Cinema Co Debt-to-Equity Related Terms

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Kuwait National Cinema Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Kuwait National Cinema Co (KUW:KCIN) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Airport Road, Sama Khaitan Mall, Plot 9, Building 164, 2nd Floor (Office 1 & 2), P.O. Box 502, Old Khaitan Area, Safat, Kuwait, KWT, 13006

Website

https://www.cinescape.com.kw

Kuwait National Cinema Company KPSC is a Kuwait-based company operates in the entertainment industry. It focuses on the activities related to the cinema industry, entertainment, and cultural events. The segment in which the company operates includes Cinema division, Concession division, and Investments division. Cinema segment covers activities related to cinema shows; the Concession segment covers activities related to concessions supplemented to theaters, and the Investment segment represents investments in shares and funds, in addition to investment properties. It generates maximum revenue from the Cinema Division segment.

Kuwait National Cinema Co Headlines

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