SELECT id, `name`, primary_key, `key`, treemapgroup, name_cn, zacks_table_name, compare_key, compare_display_name from gurufocu_main.financial_definition where termpagedisplay=1 and `key` = 'net_charge_offs_average_loans_pct' AXP (American Express Co) Net Charge Offs to Average Loans
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American Express Co (American Express Co) Net Charge Offs to Average Loans %

: 0.00% (As of Dec. 2023)
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Net Charge Offs to Average Loans % is the net charge-offs divided by the average total loans during a specific period. This ratio measures the proportion of debt owed to a company that is unlikely to be recovered. A higher ratio means there’s more bad debt that is unlikely to be collected, which leads investors to believe it has a very risky portfolio.

The historical rank and industry rank for American Express Co's Net Charge Offs to Average Loans % or its related term are showing as below:

AXP's Net Charge Offs to Average Loans % is not ranked *
in the Credit Services industry.
Industry Median:
* Ranked among companies with meaningful Net Charge Offs to Average Loans % only.

American Express Co Net Charge Offs to Average Loans % Historical Data

The historical data trend for American Express Co's Net Charge Offs to Average Loans % 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.

American Express Co Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23
Net Charge Offs to Average Loans %
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only

American Express CoQuarterly Data
Trend Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Net Charge Offs to Average Loans %
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only

Competitive Comparison

For the Credit Services subindustry, American Express Co's Net Charge Offs to Average Loans %, along with its competitors' market caps and Net Charge Offs to Average Loans % 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  (NYSE:AXP) Net Charge Offs to Average Loans % Calculation

Net Charge Offs to Average Loans % is calculated as

Net Charge Offs to Average Loans %=Net Charge-offs / Average Total Loans

* 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.


American Express Co  (NYSE:AXP) Net Charge Offs to Average Loans % Explanation

A Net Charge-off (NCO) is the dollar amount representing the difference between gross charge-offs and any subsequent recoveries of delinquent debt. The bad debt often needs to be written off and classified as gross charge-off. If any money is recovered from that debt, the recovered amount needs to be subtracted from gross charge-off, which is how we get the net charge-off.

Net Charge Offs to Average Loans % represents the amount of debt that a company believes it will never collect and is an indicator of a financial institution's loan portfolio performance. A higher ratio, especially when compared to the previous period or to other banks, would suggest that there’s more bad debt that is unlikely to be collected and the loan portfolio may be too risky.


American Express Co Net Charge Offs to Average Loans % Related Terms

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American Express Co (American Express Co) Business Description

Address
200 Vesey Street, New York, NY, USA, 10285
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.
Executives
Jeffrey C Campbell officer: EVP, Chief Financial Officer 4333 AMON CARTER BLVD, FORT WORTH TX 76155
Douglas E. Buckminster officer: Pres, Int'l Consumer & SBS 200 VESEY STREET, M/S 01-50-01, NEW YORK NY 10285
Clayton Walter Joseph Iii director C/O APOLLO GLOBAL MANAGEMENT, INC., 9 WEST 57TH STREET, 43RD FLOOR, NEW YORK NY 10019
Caillec Christophe Le officer: Chief Financial Officer 200 VESEY STREET, NEW YORK NY 10285
Monique Herena officer: Chief Human Resources Officer 225 LIBERTY STREET, NEW YORK NY 10286
Howard Grosfield officer: President, U.S. Consumer Serv 200 VESEY STREET, NEW YORK NY 10285
Quinn Jessica Lieberman officer: Controller 200 VESEY STREET, NEW YORK NY 10285
Raymond Joabar officer: CRO and Pres., GRBC 200 VESEY STREET, NEW YORK NY 10285
Denise Pickett officer: CRO and President, GRBC Group 200 VESEY STREET, NEW YORK NY 10285
Anna Marrs officer: Pres., Global Comm. Services 200 VESEY STREET, NEW YORK NY 10285
Deborah P Majoras director ONE PROCTER & GAMBLE PLAZA, CINCINNATI OH 45202
Rafael Marquez officer: President, International Card 200 VESEY STREET, NEW YORK NY 10285
Theodore Leonsis director WASHINGTON CAPITALS, 627 N GLEBE RD SUITE 850, ARLINGTON VA 22203
Stephen J Squeri officer: EVP, Chief Information Officer 200 VESEY STREET, NEW YORK NY 10285
Anre D Williams officer: Pres. Global Merchant Services 200 VESEY STREET, NEW YORK NY 10285