Commercial Bank Of Kuwait (KUW:CBK) Interest Expense : KWD-108.1 Mil (TTM As of Mar. 2024)

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What is Commercial Bank Of Kuwait Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Commercial Bank Of Kuwait's interest expense for the three months ended in Mar. 2024 was KWD -28.2 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was KWD-108.1 Mil.

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income(EBIT) by its Interest Expense. Commercial Bank Of Kuwait's Operating Income for the three months ended in Mar. 2024 was KWD Mil. Commercial Bank Of Kuwait's Interest Expense for the three months ended in Mar. 2024 was KWD Mil. The higher the ratio, the stronger the company's financial strength is. Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Commercial Bank Of Kuwait Interest Expense Historical Data

The historical data trend for Commercial Bank Of Kuwait's Interest Expense 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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Commercial Bank Of Kuwait Interest Expense Chart

Commercial Bank Of Kuwait Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-69.53

-45.97

-23.93

-45.34

-104.46

Commercial Bank Of Kuwait Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Interest Expense	Get a 7-Day Free Trial															-24.54	-25.74	-25.79	-28.39	-28.21

Commercial Bank Of Kuwait Interest Expense Calculation

Interest Expense is the amount reported by a company or individual as an expense for borrowed money.

Interest Expense for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was KWD-108.1 Mil.

Commercial Bank Of Kuwait (KUW:CBK) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Commercial Bank Of Kuwait (KUW:CBK) » Definitions » Interest Expense

Traded in Other Exchanges

N/A

Address

Mubarak Al Kabeer Street, P.O. Box 2861, Safat, Kuwait, KWT, 13029

Website

https://www.cbk.com

Commercial Bank Of Kuwait is the financial institution in Kuwait. It operates corporate and retail banking franchise that provides innovative financial and investment solutions to its growing customer base. The company operates in two segments: Corporate and Retail banking, which provides a full range of lending, deposit, and related banking services to domestic and international corporate and individual customers; and Treasury and Investment banking segment comprises of money market, foreign exchange, treasury bonds, and brokerage services. Most of the bank's revenue is derived from traditional banking net interest income, with the remainder coming from fees and commissions.

Commercial Bank Of Kuwait (KUW:CBK) Headlines

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