Al Ahli Bank Of Kuwait (KUW:ABK) Cash-to-Debt : 1.69 (As of Mar. 2024)

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What is Al Ahli Bank Of Kuwait Cash-to-Debt?

Cash to Debt Ratio measures the financial strength of a company. It is calculated as a company's cash, cash equivalents, and marketable securities divide by its debt. Al Ahli Bank Of Kuwait's cash to debt ratio for the quarter that ended in Mar. 2024 was 1.69.

If Cash to Debt ratio is greater than 1, the company can pay off its debt using the cash in hand. Here we can see, Al Ahli Bank Of Kuwait could pay off its debt using the cash in hand for the quarter that ended in Mar. 2024.

The historical rank and industry rank for Al Ahli Bank Of Kuwait's Cash-to-Debt or its related term are showing as below:

KUW:ABK' s Cash-to-Debt Range Over the Past 10 Years
Min: 1.29 Med: 5.71 Max: No Debt
Current: 1.69

During the past 13 years, Al Ahli Bank Of Kuwait's highest Cash to Debt Ratio was No Debt. The lowest was 1.29. And the median was 5.71.

KUW:ABK's Cash-to-Debt is ranked better than
57.26% of 1432 companies
in the Banks industry
Industry Median: 1.3 vs KUW:ABK: 1.69

Al Ahli Bank Of Kuwait Cash-to-Debt Historical Data

The historical data trend for Al Ahli Bank Of Kuwait's Cash-to-Debt 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.

Note: An indication of "No Debt" does not necessarily mean that the company has no debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.

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Al Ahli Bank Of Kuwait Cash-to-Debt Chart

Al Ahli Bank Of Kuwait Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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5.84

6.02

5.72

3.77

1.29

Al Ahli Bank Of Kuwait Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Cash-to-Debt	Get a 7-Day Free Trial															2.55	1.63	1.41	1.29	1.69

Competitive Comparison of Al Ahli Bank Of Kuwait's Cash-to-Debt

For the Banks - Regional subindustry, Al Ahli Bank Of Kuwait's Cash-to-Debt, along with its competitors' market caps and Cash-to-Debt data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Al Ahli Bank Of Kuwait's Cash-to-Debt Distribution in the Banks Industry

For the Banks industry and Financial Services sector, Al Ahli Bank Of Kuwait's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Al Ahli Bank Of Kuwait's Cash-to-Debt falls into.

Al Ahli Bank Of Kuwait Cash-to-Debt Calculation

This is the ratio of a company's Balance Sheet Cash And Cash Equivalents to its debt. The debt includes the Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation. This ratio measures the financial strength of a company. This ratio is updated quarterly.

Al Ahli Bank Of Kuwait's Cash to Debt Ratio for the fiscal year that ended in Dec. 2023 is calculated as:

Cash to Debt Ratio	=	Balance Sheet Cash And Cash Equivalents	/	Total Debt
	=	Balance Sheet Cash And Cash Equivalents	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	691.432	/	(0	+	536.401)
	=	1.29

Al Ahli Bank Of Kuwait's Cash to Debt Ratio for the quarter that ended in Mar. 2024 is calculated as:

Cash to Debt Ratio	=	Balance Sheet Cash And Cash Equivalents	/	Total Debt
	=	Balance Sheet Cash And Cash Equivalents	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	908.551	/	(0	+	537.364)
	=	1.69

Al Ahli Bank Of Kuwait (KUW:ABK) Cash-to-Debt Explanation

If Cash to Debt ratio is greater than 1, the company can pay off its debt using the cash in hand. If it is smaller than 1, it means the company has more debt than the cash in hands. In this case, it is important to look the the company's Interest Coverage. Ben Graham requires that a company must have an Interest Coverage of at least 5.

Al Ahli Bank Of Kuwait Cash-to-Debt Related Terms

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Al Ahli Bank Of Kuwait (KUW:ABK) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Al Ahli Bank Of Kuwait (KUW:ABK) » Definitions » Cash-to-Debt

Traded in Other Exchanges

N/A

Address

Al Safat Square, Ahmed Al Jaber Street, P.O. Box 1387, Safat, Kuwait City, KWT, 13014

Website

https://www.eahli.com

Al Ahli Bank Of Kuwait is a company engaged in the banking sector, primarily in Kuwait, United Arab Emirates, and Egypt. The group is organized into three business segments. The commercial Banking segment comprises a full range of credit, deposit, and related banking services provided to its corporate and institutional customers. Treasury and Investments segment comprises treasury services provided to customers and balance sheet management activities including money market, derivatives, propriety investment activities, assets management and the residual impact of inter-segment fund transfer pricing, and the Retail and private banking segment comprising products and services to customers which includes loans, credit cards, and wealth management.

Al Ahli Bank Of Kuwait (KUW:ABK) Headlines

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