Commercial Bank Of Kuwait (KUW:CBK) Cash-to-Debt : 1.76 (As of Mar. 2024)

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What is Commercial 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. Commercial Bank Of Kuwait's cash to debt ratio for the quarter that ended in Mar. 2024 was 1.76.

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, Commercial 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 Commercial Bank Of Kuwait's Cash-to-Debt or its related term are showing as below:

KUW:CBK' s Cash-to-Debt Range Over the Past 10 Years
Min: 1.74 Med: 17.32 Max: No Debt
Current: 1.76

During the past 13 years, Commercial Bank Of Kuwait's highest Cash to Debt Ratio was No Debt. The lowest was 1.74. And the median was 17.32.

KUW:CBK's Cash-to-Debt is ranked better than
58.77% of 1426 companies
in the Banks industry
Industry Median: 1.29 vs KUW:CBK: 1.76

Commercial Bank Of Kuwait Cash-to-Debt Historical Data

The historical data trend for Commercial 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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Commercial Bank Of Kuwait Cash-to-Debt Chart

Commercial Bank Of Kuwait Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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8.38

2.68

2.84

2.27

1.74

Commercial 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															2.62	2.21	1.83	1.74	1.76

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

For the Banks - Regional subindustry, Commercial 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.

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

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

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

Commercial 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.

Commercial 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)
	=	996.421	/	(0	+	572.519)
	=	1.74

Commercial 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)
	=	1108.764	/	(0	+	631.785)
	=	1.75

Commercial Bank Of Kuwait (KUW:CBK) 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.

Commercial Bank Of Kuwait Cash-to-Debt Related Terms

Thank you for viewing the detailed overview of Commercial Bank Of Kuwait's Cash-to-Debt provided by GuruFocus.com. Please click on the following links to see related term pages.

Commercial Bank Of Kuwait (KUW:CBK) Business Description

Industry

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

Traded in Other Exchanges

N/A

Address

Mubarak Al Kabeer Street, P.O. Box 2861, Safat, Kuwait, KWT, 13029

Website

https://www.cbk.com

Commercial Bank Of Kuwait is the financial institution in Kuwait. It operates corporate and retail banking franchise that provides innovative financial and investment solutions to its growing customer base. The company operates in two segments: Corporate and Retail banking, which provides a full range of lending, deposit, and related banking services to domestic and international corporate and individual customers; and Treasury and Investment banking segment comprises of money market, foreign exchange, treasury bonds, and brokerage services. Most of the bank's revenue is derived from traditional banking net interest income, with the remainder coming from fees and commissions.

Commercial Bank Of Kuwait (KUW:CBK) Headlines

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