Kuwait International Bank KSC (KUW:KIB) LT-Debt-to-Total-Asset : 0.03 (As of Sep. 2024)

View and export this data going back to 1984. Start your Free Trial

What is Kuwait International Bank KSC 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 International Bank KSC's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.03.

Kuwait International Bank KSC's long-term debt to total assets ratio declined from Sep. 2023 (0.26) to Sep. 2024 (0.03). It may suggest that Kuwait International Bank KSC is progressively becoming less dependent on debt to grow their business.

Kuwait International Bank KSC LT-Debt-to-Total-Asset Historical Data

The historical data trend for Kuwait International Bank KSC'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.

* Premium members only.

Kuwait International Bank KSC LT-Debt-to-Total-Asset Chart

Kuwait International Bank KSC Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

Get a 7-Day Free Trial

0.29

0.27

0.20

0.22

0.26

Kuwait International Bank KSC Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.26	0.26	0.24	0.03	0.03

Kuwait International Bank KSC LT-Debt-to-Total-Asset Calculation

Kuwait International Bank KSC'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 )
	=	954.452	/	3615.079
	=	0.26

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

LT Debt to Total Assets (Q: Sep. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Sep. 2024 )	/	Total Assets (Q: Sep. 2024 )
	=	94.07	/	3595.991
	=	0.03

Kuwait International Bank KSC (KUW:KIB) 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 International Bank KSC LT-Debt-to-Total-Asset Related Terms

Thank you for viewing the detailed overview of Kuwait International Bank KSC's LT-Debt-to-Total-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.

Kuwait International Bank KSC Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Kuwait International Bank KSC (KUW:KIB) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

West Tower - Joint Banking Center, P.O. Box 22822, Al Abdul Razzak Square, Safat, Kuwait, KWT, 13089

Website

https://www.kib.com.kw

Kuwait International Bank KSC is an Islamic banking corporation based in Kuwait. The company's segments include Commercial and International Banking; Retail Banking; Treasury, Fund Management and Institutional Banking; Investment Management and others. It generates maximum revenue from the Commercial and International Banking segment. Commercial and International Banking segment comprising of range of banking services and investment products to corporate customers providing commodity and real estate Murabaha finance, Ijara and Wakala facilities.

Kuwait International Bank KSC Headlines

No Headlines