Jordan Kuwait Bank (AMM:JOKB) LT-Debt-to-Total-Asset : 0.06 (As of Dec. 2024)

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What is Jordan Kuwait Bank LT-Debt-to-Total-Asset?

LT Debt to Total Assets is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. It is calculated as a company's Long-Term Debt & Capital Lease Obligationdivide by its Total Assets. Jordan Kuwait Bank's long-term debt to total assests ratio for the quarter that ended in Dec. 2024 was 0.06.

Jordan Kuwait Bank's long-term debt to total assets ratio declined from Dec. 2023 (0.07) to Dec. 2024 (0.06). It may suggest that Jordan Kuwait Bank is progressively becoming less dependent on debt to grow their business.

Jordan Kuwait Bank LT-Debt-to-Total-Asset Historical Data

The historical data trend for Jordan Kuwait Bank's LT-Debt-to-Total-Asset 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 LT-Debt-to-Total-Asset Chart

Jordan Kuwait Bank Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

LT-Debt-to-Total-Asset

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0.03

0.07

0.06

Jordan Kuwait Bank Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.07	-	-	-	0.06

Jordan Kuwait Bank LT-Debt-to-Total-Asset Calculation

Jordan Kuwait Bank's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2024 is calculated as

LT Debt to Total Assets (A: Dec. 2024 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2024 )	/	Total Assets (A: Dec. 2024 )
	=	335.484	/	5630.326
	=	0.06

Jordan Kuwait Bank's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2024 is calculated as

LT Debt to Total Assets (Q: Dec. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2024 )	/	Total Assets (Q: Dec. 2024 )
	=	335.484	/	5630.326
	=	0.06

Jordan Kuwait Bank (AMM:JOKB) LT-Debt-to-Total-Asset Explanation

LT Debt to Total Asset is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. A year-over-year decrease in this metric would suggest the company is progressively becoming less dependent on debt to grow their business.

Jordan Kuwait Bank LT-Debt-to-Total-Asset Related Terms

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Jordan Kuwait Bank Business Description

Industry

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

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Traded in Other Exchanges

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Address

62 Omaya Bin Abdshams Street, P.O. Box 9776, Amman, JOR, 11191

Website

https://www.jkb.com

Jordan Kuwait Bank provides all banking and financial activities related to its activities through its head office and 64 branches inside the Kingdom and 2 foreign branches and a group of its subsidiaries, which provide banking services, finance leasing, and brokerage services. Its segments include Retail accounts, Corporate accounts, Treasury, Financial brokerage services, Financial leasing services, and Others.

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