Discover Financial Services (DFS) — Defensive Interval Ratio
Discover Financial Services (DFS) has a Defensive Interval Ratio of 394 days as of March 2025. Defensive assets of $116.81 Billion (cash $-, short-term investments $7.51 Billion, receivables $109.30 Billion) cover 394 days of daily cash needs of $296.49 Million/day. See Discover Financial Services working capital to net assets to evaluate short-term liquidity relative to the company's equity base.
Defensive Interval Ratio
Defensive Assets
Daily Cash Need
Current Liabilities
Discover Financial Services Defensive Interval Ratio (2005–2024)
This chart shows how Discover Financial Services's Defensive Interval Ratio has evolved across 20 annual periods from 2005 to 2024. As of March 2025, the ratio stands at 394 days, meaning defensive assets of $116.81 Billion can fund 394 days of operations without new revenue. See Discover Financial Services (DFS) net asset quality to measure how much of total assets are equity-financed.
Annual Defensive Interval Ratio for Discover Financial Services (2005–2024)
The table below presents the year-by-year Defensive Interval Ratio for Discover Financial Services from 2005 to 2024, covering 20 annual filings. Each row shows defensive assets, daily cash need, the DIR in days, and the change in days compared to the prior year. For live market cap and the full company financial profile, see Discover Financial Services (DFS) total market value.
| Year | DIR (days) | Defensive Assets (USD) | Daily Cash Need | Cash | ST Investments | Change (days) |
|---|---|---|---|---|---|---|
| 2024 | 411 days | $120.50 Billion | $293.18 Million/day | $- | $7.71 Billion | ▲ +250 days |
| 2023 | 161 days | $2.09 Billion | $13.02 Million/day | $- | $2.09 Billion | ▼ -1483 days |
| 2022 | 1644 days | $106.45 Billion | $64.75 Million/day | $- | $1.71 Billion | ▲ +1631 days |
| 2021 | 14 days | $2.93 Billion | $214.68 Million/day | $- | $2.02 Billion | ▼ -5 days |
| 2020 | 19 days | $3.60 Billion | $194.34 Million/day | $- | $2.66 Billion | ▼ -524 days |
| 2019 | 542 days | $93.39 Billion | $172.25 Million/day | $- | $875.00 Million | ▲ +115 days |
| 2018 | 427 days | $90.84 Billion | $212.89 Million/day | $- | $3.37 Billion | ▼ -14 days |
| 2017 | 441 days | $82.30 Billion | $186.69 Million/day | $- | $672.00 Million | ▼ -22 days |
| 2016 | 463 days | $76.84 Billion | $166.14 Million/day | $- | $1.76 Billion | ▼ -51 days |
| 2015 | 514 days | $71.61 Billion | $139.38 Million/day | $- | $1.10 Billion | ▼ -18 days |
| 2014 | 532 days | $72.07 Billion | $135.47 Million/day | $- | $3.85 Billion | ▲ +36 days |
| 2013 | 496 days | $65.35 Billion | $131.66 Million/day | $- | $1.23 Billion | ▼ -26 days |
| 2012 | 522 days | $65.51 Billion | $125.41 Million/day | $- | $6.22 Billion | ▼ -2 days |
| 2011 | 525 days | $61.24 Billion | $116.68 Million/day | $- | $6.11 Billion | ▲ +67 days |
| 2010 | 458 days | $45.91 Billion | $100.34 Million/day | $- | $375.00 Million | ▲ +425 days |
| 2009 | 32 days | $3.04 Billion | $94.11 Million/day | $- | $1.35 Billion | ▼ -5 days |
| 2008 | 37 days | $3.28 Billion | $89.14 Million/day | $- | $1.05 Billion | ▼ -97 days |
| 2007 | 134 days | $9.86 Billion | $73.41 Million/day | $- | $6.69 Billion | ▲ +70 days |
| 2006 | 64 days | $3.82 Billion | $59.68 Million/day | $- | $527.31 Million | ▲ +10 days |
| 2005 | 54 days | $3.16 Billion | $58.85 Million/day | $- | $252.36 Million | — |