National Bank of KuwaitK (KUW:NBK) Debt-to-Equity : 0.29 (As of Mar. 2024)

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What is National Bank of KuwaitK Debt-to-Equity?

National Bank of KuwaitK's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was KWD0 Mil. National Bank of KuwaitK's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was KWD1,237 Mil. National Bank of KuwaitK's Total Stockholders Equity for the quarter that ended in Mar. 2024 was KWD4,227 Mil. National Bank of KuwaitK's debt to equity for the quarter that ended in Mar. 2024 was 0.29.

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 National Bank of KuwaitK's Debt-to-Equity or its related term are showing as below:

KUW:NBK' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.04 Med: 0.14 Max: 0.37
Current: 0.29

During the past 13 years, the highest Debt-to-Equity Ratio of National Bank of KuwaitK was 0.37. The lowest was 0.04. And the median was 0.14.

KUW:NBK's Debt-to-Equity is ranked better than
73.14% of 1396 companies
in the Banks industry
Industry Median: 0.65 vs KUW:NBK: 0.29

National Bank of KuwaitK Debt-to-Equity Historical Data

The historical data trend for National Bank of KuwaitK'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.

National Bank of KuwaitK Debt-to-Equity Chart

National Bank of KuwaitK Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.10

0.22

0.33

0.31

0.32

National Bank of KuwaitK 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															0.35	0.30	0.32	0.32	0.29

Competitive Comparison of National Bank of KuwaitK's Debt-to-Equity

For the Banks - Regional subindustry, National Bank of KuwaitK'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.

National Bank of KuwaitK's Debt-to-Equity Distribution in the Banks Industry

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

* The bar in red indicates where National Bank of KuwaitK's Debt-to-Equity falls into.

National Bank of KuwaitK Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

National Bank of KuwaitK'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	+	1363.978)	/	4322.804
	=	0.32

National Bank of KuwaitK'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	+	1237.072)	/	4226.596
	=	0.29

National Bank of KuwaitK (KUW:NBK) 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.

National Bank of KuwaitK Debt-to-Equity Related Terms

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National Bank of KuwaitK (KUW:NBK) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » National Bank of Kuwait SAK (KUW:NBK) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Al Shuhada Street, P.O. Box 95, Safat, Kuwait, KWT, 13001

Website

https://www.nbk.com

National Bank of Kuwait SAK is a financial institution. The company's operating segment includes Consumer and Private Banking; Corporate Banking; Investment Banking and Asset Management; Islamic Banking Group centre and International.. It generates maximum revenue from the Consumer and Private Banking segment. The Consumer Banking segment provides a diversified range of products and services to individuals which include consumer loans, credit cards, deposits, foreign exchange, and other branch-related services. Geographically, it derives a majority of revenue from Kuwait and also has a presence in the Middle East and North Africa; Europe and Other Countries.

National Bank of KuwaitK (KUW:NBK) Headlines

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