Discover Financial Services (DFS) — Cash Flow-to-Debt Ratio
Discover Financial Services (DFS) has a Cash Flow-to-Debt Ratio of 0.02x as of March 2025, meaning its operating cash flow of $2.13 Billion could theoretically repay 0% of its total liabilities ($128.95 Billion) in one year. See Discover Financial Services free cash flow to debt ratio to measure the company's free cash flow as a share of total liabilities.
CF-to-Debt Ratio
Operating Cash Flow
Total Liabilities
Data as of
Discover Financial Services Cash Flow-to-Debt Ratio (2005–2024)
Historical debt coverage capacity for Discover Financial Services across 20 annual periods. For the full cash flow conversion analysis, see Discover Financial Services (DFS) cash conversion ratio.
Annual Cash Flow-to-Debt Ratio for Discover Financial Services (2005–2024)
Year-by-year debt coverage analysis for Discover Financial Services. Check Discover Financial Services earnings quality ratio to evaluate the quality of earnings relative to operating cash generation.
| Year | CF-to-Debt Ratio | Operating CF (USD) | Total Liabilities | YoY Change |
|---|---|---|---|---|
| 2024 | 0.06x | $8.43 Billion | $129.71 Billion | ▲ +3.7% |
| 2023 | 0.06x | $8.56 Billion | $136.69 Billion | ▲ +2.7% |
| 2022 | 0.06x | $7.14 Billion | $117.04 Billion | ▼ -1.9% |
| 2021 | 0.06x | $6.02 Billion | $96.83 Billion | ▼ -78.7% |
| 2020 | 0.29x | $6.20 Billion | $21.24 Billion | ▲ +21.0% |
| 2019 | 0.24x | $6.20 Billion | $25.70 Billion | ▲ +357.1% |
| 2018 | 0.05x | $5.19 Billion | $98.42 Billion | ▼ -9.7% |
| 2017 | 0.06x | $5.21 Billion | $89.19 Billion | ▲ +6.9% |
| 2016 | 0.05x | $4.42 Billion | $80.98 Billion | ▲ +7.3% |
| 2015 | 0.05x | $3.85 Billion | $75.66 Billion | ▼ -4.2% |
| 2014 | 0.05x | $3.83 Billion | $71.99 Billion | ▲ +3.6% |
| 2013 | 0.05x | $3.52 Billion | $68.53 Billion | ▲ +7.4% |
| 2012 | 0.05x | $3.04 Billion | $63.62 Billion | ▼ -19.4% |
| 2011 | 0.06x | $3.61 Billion | $60.88 Billion | ▼ -16.8% |
| 2010 | 0.07x | $3.87 Billion | $54.33 Billion | ▼ -25.5% |
| 2009 | 0.10x | $3.60 Billion | $37.59 Billion | ▼ -27.8% |
| 2008 | 0.13x | $4.50 Billion | $33.98 Billion | ▲ +106.7% |
| 2007 | 0.06x | $2.04 Billion | $31.78 Billion | ▼ -13.2% |
| 2006 | 0.07x | $1.72 Billion | $23.29 Billion | ▲ +0.9% |
| 2005 | 0.07x | $1.64 Billion | $22.34 Billion | — |