National Bank of Kuwait - Egypt (CAI:NBKE) LT-Debt-to-Total-Asset : 0.02 (As of Dec. 2022)

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What is National Bank of Kuwait - Egypt 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 Kuwait - Egypt's long-term debt to total assests ratio for the quarter that ended in Dec. 2022 was 0.02.

National Bank of Kuwait - Egypt's long-term debt to total assets ratio increased from Dec. 2021 (0.01) to Dec. 2022 (0.02). It may suggest that National Bank of Kuwait - Egypt is progressively becoming more dependent on debt to grow their business.

National Bank of Kuwait - Egypt LT-Debt-to-Total-Asset Historical Data

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

National Bank of Kuwait - Egypt Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

LT-Debt-to-Total-Asset

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0.04

0.02

0.01

0.02

National Bank of Kuwait - Egypt Quarterly Data
	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.01	0.02	0.01	0.03	0.02

National Bank of Kuwait - Egypt LT-Debt-to-Total-Asset Calculation

National Bank of Kuwait - Egypt's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2022 is calculated as

LT Debt to Total Assets (A: Dec. 2022 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2022 )	/	Total Assets (A: Dec. 2022 )
	=	1608.321	/	105136.75
	=	0.02

National Bank of Kuwait - Egypt's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2022 is calculated as

LT Debt to Total Assets (Q: Dec. 2022 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2022 )	/	Total Assets (Q: Dec. 2022 )
	=	1608.321	/	105136.75
	=	0.02

National Bank of Kuwait - Egypt (CAI:NBKE) 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 Kuwait - Egypt LT-Debt-to-Total-Asset Related Terms

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National Bank of Kuwait - Egypt (CAI:NBKE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » National Bank of Kuwait - Egypt (CAI:NBKE) » Definitions » LT-Debt-to-Total-Asset

Traded in Other Exchanges

N/A

Address

Plot No:155, City Centre, First Sector, 5th Settlement, New Cairo, EGY

Website

https://www.nbk.com

National Bank of Kuwait - Egypt is an Egypt-based public shareholding company. It provides corporate, retail, and investment banking products and services to individuals, corporate, and institutional clients in the Arab Republic of Egypt and the Middle East. The bank's services are structured into retail banking, Islamic banking, corporate banking, and the financial Market divisions. The bank offers its products and services to individuals, corporate and institutional clients, through a network of branches located in Egypt, in cities such as Cairo, Giza, Alexandria, Sohaj, and others.

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