Kuwait Finance House (KUW:KFH) LT-Debt-to-Total-Asset : 0.03 (As of Mar. 2024)

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What is Kuwait Finance House 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. Kuwait Finance House's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.03.

Kuwait Finance House's long-term debt to total assets ratio increased from Mar. 2023 (0.02) to Mar. 2024 (0.03). It may suggest that Kuwait Finance House is progressively becoming more dependent on debt to grow their business.

Kuwait Finance House LT-Debt-to-Total-Asset Historical Data

The historical data trend for Kuwait Finance House'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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Kuwait Finance House LT-Debt-to-Total-Asset Chart

Kuwait Finance House Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.02

0.01

0.02

Kuwait Finance House Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.02	0.02	0.02	0.02	0.03

Kuwait Finance House LT-Debt-to-Total-Asset Calculation

Kuwait Finance House's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (A: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2023 )	/	Total Assets (A: Dec. 2023 )
	=	635.532	/	38009.94
	=	0.02

Kuwait Finance House's Long-Term Debt to Total Asset Ratio for the quarter that ended in Mar. 2024 is calculated as

LT Debt to Total Assets (Q: Mar. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Mar. 2024 )	/	Total Assets (Q: Mar. 2024 )
	=	924.388	/	37022.705
	=	0.02

Kuwait Finance House (KUW:KFH) 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.

Kuwait Finance House LT-Debt-to-Total-Asset Related Terms

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Kuwait Finance House (KUW:KFH) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Kuwait Finance House (KUW:KFH) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

KFH:Bahrain

Address

Abdullah Al Mubarak Street, P.O. Box 24989, Safat, Murqab, Kuwait City, KWT, 13110

Website

https://www.kfh.com

Kuwait Finance House is an Islamic banking institution. It provides a range of banking Sharia-compliant products and services which include real estate, trade finance, investment portfolios, commercial, retail, and corporate banking. The company's segments are Treasury, Investment, Retail & Private Banking, and Corporates Banking. It operates in Kuwait, the Kingdom of Bahrain, the Kingdom of Saudi Arabia, Turkey, Malaysia, and Germany.