National Bank of KuwaitK (KUW:NBK) LT-Debt-to-Total-Asset : 0.03 (As of Mar. 2024)

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What is National Bank of KuwaitK 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. National Bank of KuwaitK's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.03.

National Bank of KuwaitK's long-term debt to total assets ratio declined from Mar. 2023 (0.04) to Mar. 2024 (0.03). It may suggest that National Bank of KuwaitK is progressively becoming less dependent on debt to grow their business.

National Bank of KuwaitK LT-Debt-to-Total-Asset Historical Data

The historical data trend for National Bank of KuwaitK'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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National Bank of KuwaitK LT-Debt-to-Total-Asset Chart

National Bank of KuwaitK Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.01

0.03

0.04

National Bank of KuwaitK 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															0.04	0.04	0.04	0.04	0.03

National Bank of KuwaitK LT-Debt-to-Total-Asset Calculation

National Bank of KuwaitK'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 )
	=	1363.978	/	37664.991
	=	0.04

National Bank of KuwaitK'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 )
	=	1237.072	/	38327.855
	=	0.03

National Bank of KuwaitK (KUW:NBK) 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.

National Bank of KuwaitK LT-Debt-to-Total-Asset Related Terms

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National Bank of KuwaitK (KUW:NBK) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » National Bank of Kuwait SAK (KUW:NBK) » Definitions » LT-Debt-to-Total-Asset

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Address

Al Shuhada Street, P.O. Box 95, Safat, Kuwait, KWT, 13001

Website

https://www.nbk.com

National Bank of Kuwait SAK is a financial institution. The company's operating segment includes Consumer and Private Banking; Corporate Banking; Investment Banking and Asset Management; Islamic Banking Group centre and International.. It generates maximum revenue from the Consumer and Private Banking segment. The Consumer Banking segment provides a diversified range of products and services to individuals which include consumer loans, credit cards, deposits, foreign exchange, and other branch-related services. Geographically, it derives a majority of revenue from Kuwait and also has a presence in the Middle East and North Africa; Europe and Other Countries.

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