American Express Co (NEOE:AXP) Debt-to-Equity : 1.85 (As of Sep. 2024)

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What is American Express Co Debt-to-Equity?

American Express Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was C$1,974 Mil. American Express Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was C$72,533 Mil. American Express Co's Total Stockholders Equity for the quarter that ended in Sep. 2024 was C$40,241 Mil. American Express Co's debt to equity for the quarter that ended in Sep. 2024 was 1.85.

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 American Express Co's Debt-to-Equity or its related term are showing as below:

NEOE:AXP' s Debt-to-Equity Range Over the Past 10 Years
Min: 1.5 Med: 2.42 Max: 3.24
Current: 1.85

During the past 13 years, the highest Debt-to-Equity Ratio of American Express Co was 3.24. The lowest was 1.50. And the median was 2.42.

NEOE:AXP's Debt-to-Equity is ranked worse than
62.81% of 441 companies
in the Credit Services industry
Industry Median: 1.1 vs NEOE:AXP: 1.85

American Express Co Debt-to-Equity Historical Data

The historical data trend for American Express Co'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.

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American Express Co Debt-to-Equity Chart

American Express Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

Get a 7-Day Free Trial

2.79

1.95

1.85

1.78

1.75

American Express Co Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Debt-to-Equity	Get a 7-Day Free Trial															1.76	1.75	1.76	1.80	1.85

Competitive Comparison of American Express Co's Debt-to-Equity

For the Credit Services subindustry, American Express Co'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.

American Express Co's Debt-to-Equity Distribution in the Credit Services Industry

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

* The bar in red indicates where American Express Co's Debt-to-Equity falls into.

American Express Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

American Express Co'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
	=	(1734.689	+	64217.026)	/	37641.271
	=	1.75

American Express Co's Debt to Equity Ratio for the quarter that ended in Sep. 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
	=	(1973.652	+	72533.412)	/	40241.102
	=	1.85

American Express Co (NEOE:AXP) 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.

American Express Co Debt-to-Equity Related Terms

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American Express Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » American Express Co (NEOE:AXP) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

AXP:USA AXP:Peru AXP:Mexico 1AXP:Italy AEC1d:UK 0R3C:UK AEC1:Germany AEC1:Germany AEC1:Germany AEC1:Germany AXPB34:Brazil AXP:Austria AXP:Argentina

Address

200 Vesey Street, New York, NY, USA, 10285

Website

https://www.americanexpress.com

American Express is a global financial institution, operating in about 130 countries, that provides consumers and businesses charge and credit card payment products. The company also operates a highly profitable merchant payment network. Since 2018, it has operated in three segments: global consumer services, global commercial services, and global merchant and network services. In addition to payment products, the company's commercial business offers expense management tools, consulting services, and business loans.