Al Ahli Bank Of Kuwait (KUW:ABK) LT-Debt-to-Total-Asset : 0.08 (As of Mar. 2024)

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What is Al Ahli Bank Of Kuwait 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. Al Ahli Bank Of Kuwait's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.08.

Al Ahli Bank Of Kuwait's long-term debt to total assets ratio increased from Mar. 2023 (0.05) to Mar. 2024 (0.08). It may suggest that Al Ahli Bank Of Kuwait is progressively becoming more dependent on debt to grow their business.

Al Ahli Bank Of Kuwait LT-Debt-to-Total-Asset Historical Data

The historical data trend for Al Ahli Bank Of Kuwait'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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Al Ahli Bank Of Kuwait LT-Debt-to-Total-Asset Chart

Al Ahli Bank Of Kuwait Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.03

0.04

0.05

0.09

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
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.05	0.08	0.08	0.09	0.08

Al Ahli Bank Of Kuwait LT-Debt-to-Total-Asset Calculation

Al Ahli Bank Of Kuwait's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (A: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2023 )	/	Total Assets (A: Dec. 2023 )
	=	536.401	/	6289.245
	=	0.09

Al Ahli Bank Of Kuwait's Long-Term Debt to Total Asset Ratio for the quarter that ended in Mar. 2024 is calculated as

LT Debt to Total Assets (Q: Mar. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Mar. 2024 )	/	Total Assets (Q: Mar. 2024 )
	=	537.364	/	6511.151
	=	0.08

Al Ahli Bank Of Kuwait (KUW:ABK) 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.

Al Ahli Bank Of Kuwait LT-Debt-to-Total-Asset 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 » LT-Debt-to-Total-Asset

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.

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