Warba Bank (K.S.C.) (KUW:WARBABANK) Cash-to-Debt : 1.93 (As of Mar. 2024)

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What is Warba Bank (K.S.C.) 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. Warba Bank (K.S.C.)'s cash to debt ratio for the quarter that ended in Mar. 2024 was 1.93.

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, Warba Bank (K.S.C.) 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 Warba Bank (K.S.C.)'s Cash-to-Debt or its related term are showing as below:

KUW:WARBABANK' s Cash-to-Debt Range Over the Past 10 Years
Min: 1.26 Med: No Debt Max: No Debt
Current: 1.93

During the past 13 years, Warba Bank (K.S.C.)'s highest Cash to Debt Ratio was No Debt. The lowest was 1.26. And the median was No Debt.

KUW:WARBABANK's Cash-to-Debt is ranked better than
60.77% of 1425 companies
in the Banks industry
Industry Median: 1.3 vs KUW:WARBABANK: 1.93

Warba Bank (K.S.C.) Cash-to-Debt Historical Data

The historical data trend for Warba Bank (K.S.C.)'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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Warba Bank (K.S.C.) Cash-to-Debt Chart

Warba Bank (K.S.C.) Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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2.28

1.68

1.84

1.53

2.16

Warba Bank (K.S.C.) 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															2.16	1.88	2.05	2.16	1.93

Competitive Comparison of Warba Bank (K.S.C.)'s Cash-to-Debt

For the Banks - Regional subindustry, Warba Bank (K.S.C.)'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.

Warba Bank (K.S.C.)'s Cash-to-Debt Distribution in the Banks Industry

For the Banks industry and Financial Services sector, Warba Bank (K.S.C.)'s Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Warba Bank (K.S.C.)'s Cash-to-Debt falls into.

Warba Bank (K.S.C.) 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.

Warba Bank (K.S.C.)'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)
	=	657.022	/	(0	+	304.331)
	=	2.16

Warba Bank (K.S.C.)'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)
	=	588.259	/	(0	+	305.382)
	=	1.93

Warba Bank (K.S.C.) (KUW:WARBABANK) 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.

Warba Bank (K.S.C.) Cash-to-Debt Related Terms

Thank you for viewing the detailed overview of Warba Bank (K.S.C.)'s Cash-to-Debt provided by GuruFocus.com. Please click on the following links to see related term pages.

Warba Bank (K.S.C.) (KUW:WARBABANK) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Warba Bank (K.S.C.) (KUW:WARBABANK) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

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Address

Omar Ibn Al-Khattab Street, Mezzanine Floor 1, Al-Raya Tower, Kuwait City, KWT, 13013

Website

https://www.warbabank.com

Warba Bank (K.S.C.) is a Kuwait-based banking corporation involved in corporate, retail, and investment banking activities in accordance with the principles of Islamic Sharia. It has five operating segments; Corporate offers a range of banking services and investment products to corporate customers, in addition to providing commodity and real estate Murabaha finance and Ijara facilities. Retail offers diversified products and services to individual customers, Treasury includes Bank's funding operations management, local and international Murabaha, and other Islamic financings with banks and financial institutions, Investment includes investment in direct equity, real estate investment, other investments, and asset management, and Other includes cost center assets and expenses.

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