Discover Financial Services (LTS:0IBC) Net Charge Offs to Average Loans % : 0.00% (As of . 20)

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What is Discover Financial Services Net Charge Offs to Average Loans %?

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 Discover Financial Services's Net Charge Offs to Average Loans % or its related term are showing as below:

LTS:0IBC'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.

Discover Financial Services Net Charge Offs to Average Loans % Historical Data

The historical data trend for Discover Financial Services'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.

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Discover Financial Services Net Charge Offs to Average Loans % Chart

Discover Financial Services (LTS:0IBC) 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

Discover Financial Services (LTS:0IBC) 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.

Discover Financial Services Net Charge Offs to Average Loans % Related Terms

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Discover Financial Services (LTS:0IBC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Discover Financial Services (LTS:0IBC) » Definitions » Net Charge Offs to Average Loans %

Comparable Companies

Traded in Other Exchanges

DFS:USA DC7:Germany

Address

2500 Lake Cook Road, Riverwoods, IL, USA, 60015

Website

https://www.discover.com

Discover Financial Services is a bank operating in two distinct segments: direct banking and payment services. The company issues credit and debit cards and provides other consumer banking products including deposit accounts, students loans, and other personal loans. It also operates the Discover, Pulse, and Diners Club networks. The Discover network is the fourth-largest payment network in the United States as ranked by overall purchase volume, and Pulse is one of the largest ATM networks in the country.

Discover Financial Services (LTS:0IBC) Headlines

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