Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Discover Financial Services's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $14,828 Mil. Discover Financial Services's Total Assets for the quarter that ended in Dec. 2023 was $151,522 Mil.
Therefore, Discover Financial Services's Equity to Asset Ratio for the quarter that ended in Dec. 2023 was 0.10.
The historical rank and industry rank for Discover Financial Services's Equity-to-Asset or its related term are showing as below:
DFS'
s Equity-to-Asset Range Over the Past 10 Years
Min: 0.1 Med: 0.11 Max: 0.13
Current: 0.1
During the past 13 years, the highest Equity to Asset Ratio of Discover Financial Services was 0.13. The lowest was 0.10. And the median was 0.11.
DFS's Equity-to-Asset is ranked worse than 87.06% of 541
companies
in the Credit Services industry
Industry Median: 0.36
vs DFS: 0.10
Discover Financial Services Equity-to-Asset Historical Data
The historical data trend for Discover Financial Services's Equity-to-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.
For the Credit Services subindustry, Discover Financial Services's Equity-to-Asset, along with its competitors' market caps and Equity-to-Asset 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.
Discover Financial Services Equity-to-Asset Distribution
For the Credit Services industry and Financial Services sector, Discover Financial Services's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where Discover Financial Services's Equity-to-Asset falls into.
Equity to Asset ratio measures the ratios of the portion of the asset owned by shareholders out of the total asset. It indicates the leverage of the company, and the amount of debt the company uses in its operation.
Equity to Asset ratio is calculated by dividing total stockholders equity by total asset.
Discover Financial Services's Equity to Asset Ratio for the fiscal year that ended in Dec. 2023 is calculated as
* 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.
Equity to Asset ratio can vary greatly across different industries, as they have different capital structure. A company with smaller Equity to Asset ratio (more leveraged) may have higher ROE % because of the leverage.
For banks, the required minimum Equity to Asset ratio by regulation is 5%. Some stronger banks may have Equity to Asset Ratio of more than 10%.
Discover Financial Services Equity-to-Asset Related Terms
Thank you for viewing the detailed overview of Discover Financial Services's Equity-to-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
Discover Financial Services (Discover Financial Services) Business Description
Discover Financial Services is a bank operating in two distinct segments: direct banking and payment services. The company issues credit and debit cards and provides other consumer banking products including deposit accounts, students loans, and other personal loans. It also operates the Discover, Pulse, and Diners Club networks. The Discover network is the fourth-largest payment network in the United States as ranked by overall purchase volume, and Pulse is one of the largest ATM networks in the country.
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