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Discover Financial Services (NYSE:DFS)
Total Equity
\$11,323 Mil (As of Dec. 2016)

Discover Financial Services's total equity for the quarter that ended in Dec. 2016 was \$11,323 Mil.

Total equity is used to calculate book value per share. Discover Financial Services's book value per share for the quarter that ended in Dec. 2016 was \$27.83. The ratio of a companys debt over equity can be used to measure how leveraged this company is. Discover Financial Services's debt to equity ratio for the quarter that ended in Dec. 2016 was 2.25.

Definition

Total Equity refers to the net assets owned by shareholders.

Total Equity and Total Liabilities are the two components for Total Assets.

Discover Financial Services's Total Equity for the fiscal year that ended in Dec. 2016 is calculated as

 Total Equity = Total Assets(Q: Dec. 2016 ) - Total Liabilities(Q: Dec. 2016 ) = 92308 - 80985 = 11,323

Discover Financial Services's Total Equity for the quarter that ended in Dec. 2016 is calculated as

 Total Equity = Total Assets(Q: Dec. 2016 ) - Total Liabilities(Q: Dec. 2016 ) = 92308 - 80985 = 11,323

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

Explanation

1. Total equity is used to calculate book value per share.

Discover Financial Services's Book Value Per Share for the quarter that ended in Dec. 2016 is

 Book Value per Share = (Total Shareholders Equity - Preferred Stock) / Total Shares Outstanding = (11323 - 560) / 386.70 = 27.83

2. The ratio of a companys debt over equity can be used to measure how leveraged this company is.

Discover Financial Services's Debt to Equity Ratio for the quarter that ended in Dec. 2016 is

 Debt to Equity = Total Debt / Total Equity = (Current Portion of Long-Term Debt + Long-Term Debt) / Total Equity = (0 + 25443) / 11323 = 2.25

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

Related Terms

Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

Discover Financial Services Annual Data

 Nov07 Nov08 Nov09 Nov10 Nov11 Nov12 Dec13 Dec14 Dec15 Dec16 Total Equity 5,599 5,916 8,436 6,457 8,242 9,778 10,809 11,134 11,275 11,323

Discover Financial Services Quarterly Data

 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Total Equity 11,301 11,134 11,211 11,263 11,303 11,275 11,316 11,397 11,347 11,323
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