Kaspi.kz Balance Sheet Health
Financial Health criteria checks 6/6
Kaspi.kz has a total shareholder equity of KZT1,572.9B and total debt of KZT137.6B, which brings its debt-to-equity ratio to 8.7%. Its total assets and total liabilities are KZT8,377.1B and KZT6,804.2B respectively. Kaspi.kz's EBIT is KZT1,910.4B making its interest coverage ratio 3.1. It has cash and short-term investments of KZT619.5B.
Key information
8.7%
Debt to equity ratio
₸137.62b
Debt
| Interest coverage ratio | 3.1x |
| Cash | ₸619.47b |
| Equity | ₸1.57t |
| Total liabilities | ₸6.80t |
| Total assets | ₸8.38t |
Recent financial health updates
Recent updates
Kaspi: A High-Quality Technology Business Trading On A Dirt Cheap Multiple
Jan 15Kaspi.kz Has Flourished With Growth, But Long-Term Future May Depend On Overseas Expansion
Jan 09
Kaspi's Expansion In Turkey Promises Long-Term Growth Despite Economic Headwinds
Nov 07 Strategic acquisition in Turkey and advanced service integration are expected to drive long-term revenue and earnings growth through technology leverage and operational efficiencies.Hepsiburada Changes Everything For Kaspi
Oct 27Kaspi.kz: Look Beyond The Short Seller Report, But Hold For Now (Downgrade)
Sep 24Kaspi.kz: The Super App Remains Super
Jul 10Kaspi.kz: Kazakh Super App Offers Hypergrowth At Value Prices
May 17Kaspi.kz: Dominant Business With More Room To Grow
Feb 23Financial Position Analysis
Short Term Liabilities: KSPI's short term assets (KZT6,521.4B) exceed its short term liabilities (KZT1,290.4B).
Long Term Liabilities: KSPI's short term assets (KZT6,521.4B) exceed its long term liabilities (KZT5,513.9B).
Debt to Equity History and Analysis
Debt Level: KSPI has more cash than its total debt.
Reducing Debt: KSPI's debt to equity ratio has reduced from 74.2% to 8.7% over the past 5 years.
Debt Coverage: KSPI's debt is well covered by operating cash flow (422.8%).
Interest Coverage: KSPI's interest payments on its debt are well covered by EBIT (3.1x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/04/19 09:03 |
| End of Day Share Price | 2025/04/17 00:00 |
| Earnings | 2024/12/31 |
| Annual Earnings | 2024/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
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Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Joint Stock Company Kaspi.kz is covered by 11 analysts. 7 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Ygal Arounian | Citigroup Inc |
| Ronak Gadhia | EFG-Hermes Research |
| Mikhail Butkov | Goldman Sachs |