Synchrony Financial (Synchrony Financial) LT-Debt-to-Total-Asset : 0.13 (As of Mar. 2024)

View and export this data going back to 2019. Start your Free Trial

What is Synchrony Financial LT-Debt-to-Total-Asset?

LT Debt to Total Assets is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. It is calculated as a company's Long-Term Debt & Capital Lease Obligationdivide by its Total Assets. Synchrony Financial's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.13.

Synchrony Financial's long-term debt to total assets ratio declined from Mar. 2023 (0.14) to Mar. 2024 (0.13). It may suggest that Synchrony Financial is progressively becoming less dependent on debt to grow their business.

Synchrony Financial LT-Debt-to-Total-Asset Historical Data

The historical data trend for Synchrony Financial's LT-Debt-to-Total-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.

* Premium members only.

Synchrony Financial LT-Debt-to-Total-Asset Chart

Synchrony Financial Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

Get a 7-Day Free Trial

0.19

0.16

0.15

0.14

Synchrony Financial Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.14	0.13	0.14	0.14	0.13

Synchrony Financial LT-Debt-to-Total-Asset Calculation

Synchrony Financial's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (A: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2023 )	/	Total Assets (A: Dec. 2023 )
	=	15982	/	117479
	=	0.14

Synchrony Financial's Long-Term Debt to Total Asset Ratio for the quarter that ended in Mar. 2024 is calculated as

LT Debt to Total Assets (Q: Mar. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Mar. 2024 )	/	Total Assets (Q: Mar. 2024 )
	=	16133	/	121173
	=	0.13

Synchrony Financial (NYSE:SYFpA.PFD) LT-Debt-to-Total-Asset Explanation

LT Debt to Total Asset is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. A year-over-year decrease in this metric would suggest the company is progressively becoming less dependent on debt to grow their business.

Synchrony Financial LT-Debt-to-Total-Asset Related Terms

Thank you for viewing the detailed overview of Synchrony Financial's LT-Debt-to-Total-Asset 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:SYFpA.PFD) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

SYF: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).