Synchrony Financial (Synchrony Financial) Debt-to-Equity : 1.06 (As of Mar. 2024)

View and export this data going back to 2014. Start your Free Trial

What is Synchrony Financial Debt-to-Equity?

Synchrony Financial's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $0 Mil. Synchrony Financial's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $16,133 Mil. Synchrony Financial's Total Stockholders Equity for the quarter that ended in Mar. 2024 was $15,282 Mil. Synchrony Financial's debt to equity for the quarter that ended in Mar. 2024 was 1.06.

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 Synchrony Financial's Debt-to-Equity or its related term are showing as below:

SYF' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.91 Med: 1.41 Max: 3.59
Current: 1.06

During the past 13 years, the highest Debt-to-Equity Ratio of Synchrony Financial was 3.59. The lowest was 0.91. And the median was 1.41.

SYF's Debt-to-Equity is ranked better than
50.35% of 431 companies
in the Credit Services industry
Industry Median: 1.18 vs SYF: 1.06

Synchrony Financial Debt-to-Equity Historical Data

The historical data trend for Synchrony Financial'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.

* Premium members only.

Synchrony Financial Debt-to-Equity Chart

Synchrony Financial Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

Get a 7-Day Free Trial

1.32

1.24

1.06

1.10

1.15

Synchrony Financial Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial															1.13	1.06	1.11	1.15	1.06

Competitive Comparison of Synchrony Financial's Debt-to-Equity

For the Credit Services subindustry, Synchrony Financial'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.

Synchrony Financial's Debt-to-Equity Distribution in the Credit Services Industry

For the Credit Services industry and Financial Services sector, Synchrony Financial's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Synchrony Financial's Debt-to-Equity falls into.

Synchrony Financial Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Synchrony Financial's Debt to Equity Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(0	+	15982)	/	13903
	=	1.15

Synchrony Financial's Debt to Equity Ratio for the quarter that ended in Mar. 2024 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(0	+	16133)	/	15282
	=	1.06

Synchrony Financial (NYSE:SYF) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.

Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.

Synchrony Financial Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of Synchrony Financial's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.

Synchrony Financial (Synchrony Financial) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Synchrony Financial (NYSE:SYF) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

SYFpA.PFD:USA SYF:Mexico SFE:Germany SFE:Germany SFE:Germany S1YF34:Brazil

Address

777 Long Ridge Road, Stamford, CT, USA, 06902

Website

https://www.synchronyfinancial.com

Synchrony Financial, originally a spinoff of GE Capital's retail financing business, is the largest provider of private-label credit cards in the United States by both outstanding receivables and purchasing volume. Synchrony partners with other firms to market its credit products in their physical stores as well as on their websites and mobile applications. Synchrony operates through three segments: retail card (private-label and co-branded general-purpose credit cards), payment solutions (promotional financing for large ticket purchases), and CareCredit (financing for elective healthcare procedures).

Executives

Carol Juel	officer: See remarks	777 LONG RIDGE ROAD, C/O CORPORATE SECRETARY, STAMFORD CT 06902
Bart Schaller	officer: See remarks	777 LONG RIDGE ROAD, C/O CORPORATE SECRETARY, STAMFORD CT 06902
David P Melito	officer: See Remarks	777 LONG RIDGE ROAD, SYNCHRONY FINANCIAL C/O CORP. SECRETARY, STAMFORD CT 06902
Brian D Doubles	officer: See Remarks	777 LONG RIDGE ROAD, SYNCHRONY FINANCIAL C/O CORP. SECRETARY, STAMFORD CT 06902
Jonathan S Mothner	officer: See Remarks	777 LONG RIDGE ROAD, SYNCHRONY FINANCIAL C/O CORP. SECRETARY, STAMFORD CT 06902
Maran Nalluswami	officer: See remarks	777 LONG RIDGE ROAD, C/O CORPORATE SECRETARY, STAMFORD CT 06902
Wenzel Brian J. Sr.	officer: See remarks	777 LONG RIDGE ROAD, C/O CORPORATE SECRETARY, STAMFORD CT 06902
Alberto Casellas	officer: See remarks	777 LONG RIDGE ROAD, C/O CORPORATE SECRETARY, STAMFORD CT 06902
Margaret M Keane	director, officer: President and CEO	777 LONG RIDGE ROAD, SYNCHRONY FINANCIAL C/O CORP. SECRETARY, STAMFORD CT 06902
Kamila K Chytil	director	2828 N. HARWOOD STREET, 15TH FLOOR, DALLAS TX 75201
Curtis Howse	officer: See remarks	777 LONG RIDGE ROAD, C/O CORPORATE SECRETARY, STAMFORD CT 06902
Paul Whynott	officer: See remarks	777 LONG RIDGE ROAD, SYNCHRONY FINANCIAL C/O CORP. SECRETARY, STAMFORD CT 06902
Thomas M Quindlen	officer: See Remarks	777 LONG RIDGE ROAD, SYNCHRONY FINANCIAL C/O CORP. SECRETARY, STAMFORD CT 06902
Henry F Greig	officer: See Remarks	777 LONG RIDGE ROAD, SYNCHRONY FINANCIAL C/O CORP. SECRETARY, STAMFORD CT 06902
P.w. Parker	director	U.S. BANCORP, 800 NICOLLET MALL, MINNEAPOLIS MN 55402