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Kuwait Reinsurance Co KSC (KUW:KUWAITRE) Liabilities-to-Assets : 0.60 (As of Dec. 2023)


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What is Kuwait Reinsurance Co KSC Liabilities-to-Assets?

Liabilities-to-Assets is a solvency ratio indicating how much of the company’s assets are made of liabilities, calculated as total liabilities divided by total asset. Kuwait Reinsurance Co KSC's Total Liabilities for the quarter that ended in Dec. 2023 was KWD119.13 Mil. Kuwait Reinsurance Co KSC's Total Assets for the quarter that ended in Dec. 2023 was KWD198.82 Mil. Therefore, Kuwait Reinsurance Co KSC's Liabilities-to-Assets Ratio for the quarter that ended in Dec. 2023 was 0.60.


Kuwait Reinsurance Co KSC Liabilities-to-Assets Historical Data

The historical data trend for Kuwait Reinsurance Co KSC's Liabilities-to-Assets 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 Reinsurance Co KSC Liabilities-to-Assets Chart

Kuwait Reinsurance Co KSC Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Liabilities-to-Assets
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.64 0.65 0.67 0.68 0.60

Kuwait Reinsurance Co KSC Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Liabilities-to-Assets Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.68 0.70 0.59 0.60 0.60

Competitive Comparison of Kuwait Reinsurance Co KSC's Liabilities-to-Assets

For the Insurance - Reinsurance subindustry, Kuwait Reinsurance Co KSC's Liabilities-to-Assets, along with its competitors' market caps and Liabilities-to-Assets 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 Reinsurance Co KSC's Liabilities-to-Assets Distribution in the Insurance Industry

For the Insurance industry and Financial Services sector, Kuwait Reinsurance Co KSC's Liabilities-to-Assets distribution charts can be found below:

* The bar in red indicates where Kuwait Reinsurance Co KSC's Liabilities-to-Assets falls into.



Kuwait Reinsurance Co KSC Liabilities-to-Assets Calculation

Liabilities-to-Assets ratio measures the portion of the total liabilities to the total asset. It indicates the leverage of the company, and the amount of debt the company uses in its operation.

Liabilities-to-Assets ratio is calculated by dividing total liabilities by total asset.

Kuwait Reinsurance Co KSC's Liabilities-to-Assets Ratio for the fiscal year that ended in Dec. 2023 is calculated as:

Liabilities-to-Assets (A: Dec. 2023 )=Total Liabilities/Total Assets
=119.134/198.821
=0.60

Kuwait Reinsurance Co KSC's Liabilities-to-Assets Ratio for the quarter that ended in Dec. 2023 is calculated as

Liabilities-to-Assets (Q: Dec. 2023 )=Total Liabilities/Total Assets
=119.134/198.821
=0.60

* 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.


Kuwait Reinsurance Co KSC  (KUW:KUWAITRE) Liabilities-to-Assets Explanation

Liabilities-to-Assets is a solvency ratio indicating how much of the company’s assets are made of liabilities. It can vary greatly across different industries, as they have different capital structure. A high Liabilities-to-Assets ratio (more leveraged) suggests that the company might have potential solvency problems, or even a signal of financial distress. Conversely, a low Liabilities-to-Assets ratio usually indicates a healthy financial situation. However, it may also suggest that the company is not expanding or not making good use of debt.


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Kuwait Reinsurance Co KSC (KUW:KUWAITRE) Business Description

Traded in Other Exchanges
N/A
Address
Al-Shuhada's Street, Kuwait Return Tower- 8, 9, 13 Floors, Al Sharq District, Kuwait, KWT
Kuwait Reinsurance Co KSC operates as a reinsurance company. It provides traditional and tailored reinsurance solutions to its customers in the energy sector in Kuwait. The company provides tailored risk solutions for a variety of industries. Their operating segments include Fire, General Accident, Marine, Energy, Aviation, and life. The majority of the revenue is derived from its fire insurance business. The company's activities are spread across Kuwait, the Middle East, and North Africa.

Kuwait Reinsurance Co KSC (KUW:KUWAITRE) Headlines

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