What is Discover Financial Services Debt-to-Equity?
Discover Financial Services's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $750 Mil. Discover Financial Services's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $20,581 Mil. Discover Financial Services's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $14,828 Mil.
Discover Financial Services's debt to equity for the quarter that ended in Dec. 2023 was 1.44.
A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.
The historical rank and industry rank for Discover Financial Services's Debt-to-Equity or its related term are showing as below:
DFS'
s Debt-to-Equity Range Over the Past 10 Years
Min: 1.4 Med: 2.1 Max: 2.45
Current: 1.39
During the past 13 years, the highest Debt-to-Equity Ratio of Discover Financial Services was 2.45. The lowest was 1.40. And the median was 2.10.
Discover Financial Services Debt-to-Equity Historical Data
The historical data trend for Discover Financial Services's Debt-to-Equity 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.
Discover Financial Services Debt-to-Equity Chart
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Discover Financial Services Annual Data
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Trend |
Dec14 |
Dec15 |
Dec16 |
Dec17 |
Dec18 |
Dec19 |
Dec20 |
Dec21 |
Dec22 |
Dec23 |
| Debt-to-Equity |
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2.17 |
1.95 |
1.51 |
1.40 |
1.44 |
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Discover Financial Services Quarterly Data
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Jun19 |
Sep19 |
Dec19 |
Mar20 |
Jun20 |
Sep20 |
Dec20 |
Mar21 |
Jun21 |
Sep21 |
Dec21 |
Mar22 |
Jun22 |
Sep22 |
Dec22 |
Mar23 |
Jun23 |
Sep23 |
Dec23 |
Mar24 |
| Debt-to-Equity |
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1.27 |
1.46 |
1.37 |
1.44 |
1.39 |
Competitive Comparison of Discover Financial Services's Debt-to-Equity
For the Credit Services subindustry, Discover Financial Services's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity 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's Debt-to-Equity Distribution in the Credit Services Industry
For the Credit Services industry and Financial Services sector, Discover Financial Services's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where Discover Financial Services's Debt-to-Equity falls into.
Discover Financial Services Debt-to-Equity Calculation
Debt to Equity measures the financial leverage a company has.
Discover Financial Services's Debt to Equity Ratio for the fiscal year that ended in Dec. 2023 is calculated as
Discover Financial Services's Debt to Equity Ratio for the quarter 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.
Discover Financial Services (Discover Financial Services) Business Description
Traded in Other Exchanges
Address
2500 Lake Cook Road, Riverwoods, IL, USA, 60015
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.
Executives
| Kathy Lonowski |
director |
2500 LAKE COOK ROAD, RIVERWOODS IL 60015 |
| Michael Shepherd |
director |
567 HALE STREET, PALO ALTO CA 94301 |
| Jason Strle |
officer: EVP, Chief Information Officer |
2500 LAKE COOK ROAD, RIVERWOODS IL 60015 |
| Jason P. Hanson |
officer: EVP, Pres. - Payment Services |
2500 LAKE COOK ROAD, RIVERWOODS IL 60015 |
| Daniela O'leary-gill |
director |
2500 LAKE COOK ROAD, RIVERWOODS IL 60015 |
| Beverley A Sibblies |
director |
2700 SANDERS ROAD, PROSPECT HEIGHTS IL 60070 |
| Robert Andrew Eichfeld |
officer: EVP - Chief HR & Admin Officer |
2500 LAKE COOK ROAD, RIVERWOODS IL 60015 |
| Carlos Minetti |
officer: EVP, Pres. - Consumer Banking |
2500 LAKE COOK ROAD, RIVERWOODS IL 60015 |
| Hope Mehlman |
officer: EVP, Chief Legal Officer & GC |
2500 LAKE COOK ROAD, RIVERWOODS IL 60015 |
| Michael H Moskow |
director |
444 WEST LAKE STREET, STE. 4700, CHICAGO IL 60606 |
| John B Owen |
director |
REGIONS FINANCIAL CORPORATION, 1900 5TH AVENUE NORTH, 21ST FLOOR, BIRMINGHAM AL 35203 |
| John Greene |
officer: EVP & Chief Financial Officer |
51 LIME STREET, LONDON X0 EC3M 7DQ |
| Shifra Kolsky |
officer: SVP, Controller and CAO |
2500 LAKE COOK ROAD, RIVERWOODS IL 60015 |
| Michael E Roemer |
officer: EVP, Chief Risk Officer |
AMERICAN INTERNATIONAL GROUP, INC., 70 PINE STREET, NEW YORK NY 10270 |
| Daniel Peter Capozzi |
officer: EVP, Pres - Cr Ops & Dec Mgmt |
2500 LAKE COOK ROAD, RIVERWOODS IL 60015 |
Discover Financial Services (Discover Financial Services) Headlines
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