Discover Financial Services Financial Flexibility Index
Discover Financial Services financial flexibility index. Discover Financial Services (DFS) has a Financial Flexibility Index of 0.02x as of March 2025. Free cash flow of $2.20 Billion (operating CF $2.13 Billion minus capex $64.00 Million) represents 0% of total liabilities ($128.95 Billion). See cash generation quality of Discover Financial Services to measure how efficiently the company converts operating cash flow to free cash.
Financial Flexibility Index
Free Cash Flow
Total Liabilities
Capital Expenditures
Financial Flexibility Index of Discover Financial Services (2005–2024)
Financial flexibility index of Discover Financial Services from 2005 to 2024. Historical Financial Flexibility Index trend for Discover Financial Services across 20 annual periods. Check Discover Financial Services earnings quality ratio to evaluate the quality of earnings relative to operating cash generation.
Discover Financial Services Financial Flexibility Index by Year (2005–2024)
Discover Financial Services financial flexibility index by year from 2005 to 2024. Year-by-year free cash flow to debt coverage for Discover Financial Services. For the full cash flow conversion analysis, see DFS cash flow conversion.
| Year | Flexibility Index | Free Cash Flow (USD) | Operating CF | Total Liabilities | YoY Change |
|---|---|---|---|---|---|
| 2024 | 0.07x | $8.69 Billion | $8.43 Billion | $129.71 Billion | ▲ +3.3% |
| 2023 | 0.06x | $8.87 Billion | $8.56 Billion | $136.69 Billion | ▲ +2.9% |
| 2022 | 0.06x | $7.38 Billion | $7.14 Billion | $117.04 Billion | ▼ -1.8% |
| 2021 | 0.06x | $6.21 Billion | $6.02 Billion | $96.83 Billion | ▼ -78.9% |
| 2020 | 0.30x | $6.46 Billion | $6.20 Billion | $21.24 Billion | ▲ +20.6% |
| 2019 | 0.25x | $6.48 Billion | $6.20 Billion | $25.70 Billion | ▲ +355.7% |
| 2018 | 0.06x | $5.45 Billion | $5.19 Billion | $98.42 Billion | ▼ -9.1% |
| 2017 | 0.06x | $5.43 Billion | $5.21 Billion | $89.19 Billion | ▲ +7.0% |
| 2016 | 0.06x | $4.60 Billion | $4.42 Billion | $80.98 Billion | ▲ +6.9% |
| 2015 | 0.05x | $4.02 Billion | $3.85 Billion | $75.66 Billion | ▼ -3.6% |
| 2014 | 0.06x | $3.97 Billion | $3.83 Billion | $71.99 Billion | ▲ +0.9% |
| 2013 | 0.05x | $3.75 Billion | $3.52 Billion | $68.53 Billion | ▲ +9.2% |
| 2012 | 0.05x | $3.19 Billion | $3.04 Billion | $63.62 Billion | ▼ -18.1% |
| 2011 | 0.06x | $3.72 Billion | $3.61 Billion | $60.88 Billion | ▼ -15.4% |
| 2010 | 0.07x | $3.93 Billion | $3.87 Billion | $54.33 Billion | ▼ -25.6% |
| 2009 | 0.10x | $3.65 Billion | $3.60 Billion | $37.59 Billion | ▼ -28.2% |
| 2008 | 0.14x | $4.60 Billion | $4.50 Billion | $33.98 Billion | ▲ +99.4% |
| 2007 | 0.07x | $2.16 Billion | $2.04 Billion | $31.78 Billion | ▼ -15.2% |
| 2006 | 0.08x | $1.86 Billion | $1.72 Billion | $23.29 Billion | ▲ +3.2% |
| 2005 | 0.08x | $1.73 Billion | $1.64 Billion | $22.34 Billion | — |