KSPI (Kaspi.kz JSC) Total Liabilities: $17,351 Mil (As of Mar. 2026)

What is Kaspi.kz JSC Total Liabilities?

Kaspi.kz JSC KSPI +1.96% 81 Total Liabilities is $17,351 Mil as of Mar. 2026. GuruFocus rates KSPI with a GF Score™ of 81/100 and a GF Value™ of $197.03 (Significantly Undervalued). The stock has 3 warning signs investors should review.

Kaspi.kz JSC's Total Liabilities for the quarter that ended in Mar. 2026 was $17,351 Mil.

Kaspi.kz JSC's quarterly Total Liabilities increased from Sep. 2025 ($14,655.11 Mil) to Dec. 2025 ($16,973.62 Mil) and increased from Dec. 2025 ($16,973.62 Mil) to Mar. 2026 ($17,351.47 Mil).

Kaspi.kz JSC's annual Total Liabilities increased from Dec. 2023 ($12,403.15 Mil) to Dec. 2024 ($13,203.66 Mil) and increased from Dec. 2024 ($13,203.66 Mil) to Dec. 2025 ($16,973.62 Mil).

Kaspi.kz JSC Total Liabilities Related Terms

Kaspi.kz JSC Total Liabilities Historical Data

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The historical data trend for Kaspi.kz JSC's Total Liabilities 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.

Kaspi.kz JSC Total Liabilities Chart

Kaspi.kz JSC Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Dec25

Total Liabilities

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7,116.19

9,185.29

12,403.15

13,203.66

16,973.62

Kaspi.kz JSC Quarterly Data
	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25	Jun25	Sep25	Dec25	Mar26
Total Liabilities	Get a 7-Day Free Trial															15,147.52	15,500.54	14,655.11	16,973.62	17,351.47

81GF Score

Kaspi.kz JSC KSPI

Total Liabilities is just one metric. See GF Score™, valuation, warning signs, and more.

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Kaspi.kz JSC Total Liabilities Calculation

Total Liabilities are the liabilities that the company has to pay others. It is a part of the balance sheet of a company that shareholders do not own, and would be obligated to pay back if the company liquidated.

Kaspi.kz JSC's Total Liabilities for the fiscal year that ended in Dec. 2025 is calculated as

Total Liabilities	=	Total Current Liabilities	+	Total Noncurrent Liabilities
	=	Total Current Liabilities	+	(Long-Term Debt & Capital Lease Obligation	+	Other Long-Term Liabilities
	=	16001.086	+	(740.099	+	34.008000000002
	+	NonCurrent Deferred Liabilities	+	PensionAndRetirementBenefit	+	NonCurrent Deferred Income Tax)
	+	142.93	+	55.493	+	0)
	=	16,974

Total Liabilities	=	Total Assets (A: Dec. 2025 )	-	Total Equity (A: Dec. 2025 )
	=	22180.842	-	5207.226
	=	16,974

Kaspi.kz JSC's Total Liabilities for the quarter that ended in Mar. 2026 is calculated as

Total Liabilities	=	Total Current Liabilities	+	Total Noncurrent Liabilities
	=	Total Current Liabilities	+	(Long-Term Debt & Capital Lease Obligation	+	Other Long-Term Liabilities
	=	16065.74	+	(697.996	+	438.436
	+	NonCurrent Deferred Liabilities	+	PensionAndRetirementBenefit	+	NonCurrent Deferred Income Tax)
	+	149.298	+	0	+	0)
	=	17,351

Total Liabilities	=	Total Assets (Q: Mar. 2026 )	-	Total Equity (Q: Mar. 2026 )
	=	23137.073	-	5785.603
	=	17,351

Frequently Asked Questions Learn more about Total Liabilities →

What does a Total Liabilities of $17,351 Mil mean?

Kaspi.kz JSC (KSPI) has a Total Liabilities of $17,351 Mil as of Mar. 2026. The total amount of liabilities as recorded on a company's balance sheet. View historical data for Kaspi.kz JSC and its competitors.

Is Kaspi.kz JSC's Total Liabilities too high?

Kaspi.kz JSC's current Total Liabilities is $17,351 Mil. Overall, Kaspi.kz JSC has a GF Score™ of 81/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.

How does Kaspi.kz JSC's Total Liabilities compare to MSFT and ORCL?

Kaspi.kz JSC's Total Liabilities of $17,351 Mil can be compared against companies in the Software industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.

What is a good Total Liabilities for a Software company?

A good Total Liabilities depends on the Software industry context. However, Total Liabilities should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.

What does a high Total Liabilities mean?

A high Total Liabilities can signal that a stock is expensive relative to its fundamentals. The total amount of liabilities as recorded on a company's balance sheet. View historical data for Kaspi.kz JSC and its competitors. Kaspi.kz JSC's current Total Liabilities is $17,351 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Kaspi.kz JSC stock overvalued right now?

Based on GuruFocus' analysis, Kaspi.kz JSC (KSPI) is currently considered Significantly Undervalued. The stock's GF Value™ is $197.03, compared to a current price of $88.34 — trading 55.2% below its estimated fair value. The current Total Liabilities is $17,351 Mil. Kaspi.kz JSC's overall GF Score™ is 81/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.

How is Total Liabilities calculated?

Total Liabilities is calculated from a company's financial statements. For Kaspi.kz JSC (KSPI), the current Total Liabilities is $17,351 Mil as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Kaspi.kz JSC (KSPI) Overvalued in 2026?

Based on GuruFocus' analysis, Kaspi.kz JSC stock appears to be undervalued. The current stock price of $88.34 is trading 55.2% below its estimated GF Value™ of $197.03. GuruFocus considers Kaspi.kz JSC to be Significantly Undervalued.

Key valuation signals for KSPI:

Total Liabilities: $17,351 Mil
GF Value™: $197.03 vs. price of $88.34 (55.2% below fair value)
GF Score™: 81/100 with 3 warning signs

No single metric tells the full story. See the KSPI stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Kaspi.kz JSC Business Description

Industry Technology Software

Comparable Companies MSFT ORCL PLTR PANW CRWD HKSE:02513 FTNT SNPS NET CRWV XYZ XAMS:ADYEN NTAP TWLO MDB VRSN FFIV CPAY OKTA ZS

Other Exchanges KSPID:Kazakhstan KSPI:Kazakhstan

Address 154A Nauryzbai Batyr Street, Almaty, KAZ, 050013

Website https://www.kaspi.kz

Kaspi.kz JSC is the payment, marketplace, and Fintech ecosystem in Kazakhstan. The firm provides interconnected technologically seamless products and services that help people to pay, shop and manage their finances. Its operating segment includes the Payments Platform that connects its customers, which consist of both consumers and merchants, to facilitate cashless, digital transactions, the Marketplace Platform, which derives maximum revenue, connects merchants and consumers enabling merchants to increase their sales and consumers to buy a broad selection of products and services offered by a variety of merchants, and Fintech Platform that enables customers to manage their personal finances online and access consumer finance and deposit products through the Kaspi.kz Super App.

81GF Score

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$88.34

Price

$197.03

GF Value

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