Discover Net Tangible Assets vs Earning Assets Analysis

DFS Stock  USD 174.91  2.84  1.65%   
Discover Financial financial indicator trend analysis is much more than just examining Discover Financial latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Discover Financial is a good investment. Please check the relationship between Discover Financial Net Tangible Assets and its Earning Assets accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Discover Financial Services. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in census.

Net Tangible Assets vs Earning Assets

Net Tangible Assets vs Earning Assets Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Discover Financial Net Tangible Assets account and Earning Assets. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between Discover Financial's Net Tangible Assets and Earning Assets is 0.44. Overlapping area represents the amount of variation of Net Tangible Assets that can explain the historical movement of Earning Assets in the same time period over historical financial statements of Discover Financial Services, assuming nothing else is changed. The correlation between historical values of Discover Financial's Net Tangible Assets and Earning Assets is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Tangible Assets of Discover Financial Services are associated (or correlated) with its Earning Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Earning Assets has no effect on the direction of Net Tangible Assets i.e., Discover Financial's Net Tangible Assets and Earning Assets go up and down completely randomly.

Correlation Coefficient

0.44
Relationship DirectionPositive 
Relationship StrengthWeak

Net Tangible Assets

The total assets of a company minus any intangible assets such as patents, copyrights, and goodwill; it represents the physical assets of a company.

Earning Assets

Most indicators from Discover Financial's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Discover Financial current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Discover Financial Services. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in census.
Sales General And Administrative To Revenue is likely to gain to 0.26 in 2024, whereas Selling General Administrative is likely to drop slightly above 1.5 B in 2024.
 2023 2024 (projected)
Total Revenue9.8B9.1B
Interest Expense4.7B5.0B

Discover Financial fundamental ratios Correlations

0.430.930.010.28-0.830.54-0.830.560.050.13-0.570.830.810.060.670.250.140.70.630.46-0.340.86-0.18-0.49-0.32
0.430.490.39-0.13-0.21-0.03-0.210.240.60.6-0.440.220.23-0.180.540.250.210.860.370.36-0.030.550.13-0.46-0.34
0.930.490.20.31-0.70.52-0.740.650.00.02-0.430.670.760.150.560.220.160.690.520.47-0.210.85-0.11-0.52-0.23
0.010.390.2-0.470.24-0.190.180.330.130.070.12-0.25-0.110.22-0.370.40.490.37-0.230.280.070.24-0.03-0.32-0.07
0.28-0.130.31-0.47-0.360.02-0.28-0.21-0.12-0.24-0.120.440.240.210.36-0.77-0.7-0.020.44-0.250.280.130.130.160.38
-0.83-0.21-0.70.24-0.36-0.570.95-0.430.210.030.81-0.97-0.91-0.08-0.55-0.140.03-0.47-0.73-0.270.57-0.520.370.230.31
0.54-0.030.52-0.190.02-0.57-0.740.76-0.52-0.43-0.360.450.79-0.090.210.550.460.080.040.7-0.680.37-0.62-0.56-0.14
-0.83-0.21-0.740.18-0.280.95-0.74-0.620.290.120.75-0.89-0.99-0.14-0.53-0.32-0.16-0.46-0.64-0.430.67-0.610.450.360.32
0.560.240.650.33-0.21-0.430.76-0.62-0.33-0.28-0.310.280.690.160.130.70.670.370.00.69-0.50.56-0.39-0.61-0.18
0.050.60.00.13-0.120.21-0.520.29-0.330.90.08-0.1-0.32-0.410.55-0.07-0.030.590.240.020.430.280.53-0.18-0.13
0.130.60.020.07-0.240.03-0.430.12-0.280.9-0.150.05-0.17-0.340.570.05-0.080.630.320.030.170.280.48-0.17-0.53
-0.57-0.44-0.430.12-0.120.81-0.360.75-0.310.08-0.15-0.76-0.71-0.05-0.46-0.19-0.01-0.53-0.63-0.220.61-0.320.370.190.4
0.830.220.67-0.250.44-0.970.45-0.890.28-0.10.05-0.760.830.040.60.03-0.120.490.780.21-0.460.53-0.3-0.2-0.24
0.810.230.76-0.110.24-0.910.79-0.990.69-0.32-0.17-0.710.830.130.490.380.240.470.580.51-0.680.63-0.48-0.43-0.3
0.06-0.180.150.220.21-0.08-0.09-0.140.16-0.41-0.34-0.050.040.13-0.23-0.18-0.24-0.080.18-0.38-0.080.20.050.39-0.11
0.670.540.56-0.370.36-0.550.21-0.530.130.550.57-0.460.60.49-0.23-0.02-0.110.710.710.24-0.090.670.16-0.33-0.27
0.250.250.220.4-0.77-0.140.55-0.320.7-0.070.05-0.190.030.38-0.18-0.020.920.3-0.140.68-0.620.33-0.46-0.54-0.38
0.140.210.160.49-0.70.030.46-0.160.67-0.03-0.08-0.01-0.120.24-0.24-0.110.920.23-0.260.67-0.420.27-0.46-0.54-0.02
0.70.860.690.37-0.02-0.470.08-0.460.370.590.63-0.530.490.47-0.080.710.30.230.580.45-0.140.790.07-0.55-0.4
0.630.370.52-0.230.44-0.730.04-0.640.00.240.32-0.630.780.580.180.71-0.14-0.260.58-0.16-0.210.560.020.14-0.24
0.460.360.470.28-0.25-0.270.7-0.430.690.020.03-0.220.210.51-0.380.240.680.670.45-0.16-0.420.46-0.43-0.97-0.16
-0.34-0.03-0.210.070.280.57-0.680.67-0.50.430.170.61-0.46-0.68-0.08-0.09-0.62-0.42-0.14-0.21-0.42-0.180.80.250.43
0.860.550.850.240.13-0.520.37-0.610.560.280.28-0.320.530.630.20.670.330.270.790.560.46-0.180.02-0.51-0.32
-0.180.13-0.11-0.030.130.37-0.620.45-0.390.530.480.37-0.3-0.480.050.16-0.46-0.460.070.02-0.430.80.020.25-0.09
-0.49-0.46-0.52-0.320.160.23-0.560.36-0.61-0.18-0.170.19-0.2-0.430.39-0.33-0.54-0.54-0.550.14-0.970.25-0.510.250.17
-0.32-0.34-0.23-0.070.380.31-0.140.32-0.18-0.13-0.530.4-0.24-0.3-0.11-0.27-0.38-0.02-0.4-0.24-0.160.43-0.32-0.090.17
Click cells to compare fundamentals

Discover Financial Account Relationship Matchups

Discover Financial fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets114.0B112.9B110.2B131.6B151.6B86.8B
Short Long Term Debt Total30.9B25.5B20.2B23.9B21.3B21.3B
Total Stockholder Equity11.9B10.9B13.4B14.6B14.8B10.5B
Net Debt8.1B(4.5B)11.5B(997M)9.6B6.2B
Other Assets83.5B70.1B80.9B107.6B87M82.7M
Common Stock Shares Outstanding320M307M300M278M254M341.1M
Liabilities And Stockholders Equity114.0B112.9B110.2B131.6B151.6B86.8B
Non Current Liabilities Total25.7B21.2B19.0B117.0B130.6B137.1B
Other Stockholder Equity(9.9B)(10.2B)(12.3B)(14.6B)(16.5B)(15.6B)
Total Liab25.7B21.2B96.8B117.0B136.8B143.6B
Other Current Liab57.6B66.7B(1.8B)19.8B4.0B3.8B
Total Current Liabilities62.9B70.9B1.3B23.6B6.2B5.9B
Other Liab199M227M198M212M190.8M181.3M
Property Plant And Equipment Net1.1B1.0B983M1.0B1.1B818.5M
Retained Earnings21.3B20.0B24.8B28.5B30.4B32.0B
Accounts Payable3.7B3.9B72.4B5.3B6.1B11.2B
Cash17.6B25.7B8.8B21.1B11.7B12.6B
Non Current Assets Total12.1B13.5B8.1B13.5B148.1B155.5B
Non Currrent Assets Other(933M)(2.2B)(1.9B)(2.1B)136.1B142.9B
Long Term Debt25.7B21.2B19.0B20.1B20.6B17.4B
Cash And Short Term Investments18.4B28.4B20.3B10.6B11.7B11.1B
Net Receivables92.5B944M914M104.7B120.5B126.5B
Short Term Investments875M2.7B2.0B1.7B(3.0B)(2.8B)
Inventory(94.6B)(2.1B)(4.7B)(107.5B)(96.7B)(91.9B)
Other Current Assets2.0B2.1B4.7B2.8B3.5B4.5B
Property Plant And Equipment Gross1.1B1.0B2.8B2.9B3.1B3.3B
Total Current Assets18.4B29.3B21.2B10.6B3.5B3.3B
Accumulated Other Comprehensive Income(119M)45M(94M)(339M)(225M)(213.8M)
Short Term Debt5.2B4.2B1.8B3.8B2.2B2.1B
Intangible Assets161M155M95M255M703M738.2M
Property Plant Equipment1.1B1.0B983M1.0B1.2B734.0M
Treasury Stock(14.1B)(14.4B)(16.7B)(19.1B)(17.1B)(16.3B)
Retained Earnings Total Equity21.3B20.0B24.8B28.5B32.7B34.4B
Deferred Long Term Liab32M23M24M33M36.8M19.3M
Net Tangible Assets10.9B9.5B13.2B13.3B15.3B11.1B
Long Term Debt Total25.7B21.2B18.5B20.1B23.1B24.7B

Thematic Opportunities

Explore Investment Opportunities

Build portfolios using Macroaxis predefined set of investing ideas. Many of Macroaxis investing ideas can easily outperform a given market. Ideas can also be optimized per your risk profile before portfolio origination is invoked. Macroaxis thematic optimization helps investors identify companies most likely to benefit from changes or shifts in various micro-economic or local macro-level trends. Originating optimal thematic portfolios involves aligning investors' personal views, ideas, and beliefs with their actual investments.
Explore Investing Ideas  

Additional Tools for Discover Stock Analysis

When running Discover Financial's price analysis, check to measure Discover Financial's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Discover Financial is operating at the current time. Most of Discover Financial's value examination focuses on studying past and present price action to predict the probability of Discover Financial's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Discover Financial's price. Additionally, you may evaluate how the addition of Discover Financial to your portfolios can decrease your overall portfolio volatility.