Discover Financial Services (DFS) — Net Asset Quality Index
Discover Financial Services (DFS) has a Net Asset Quality Index of 12.8% as of March 2025. This metric measures the proportion of total assets financed by shareholders' equity — total assets of $147.91 Billion minus total liabilities of $128.95 Billion yields net assets of $18.96 Billion. A higher index indicates a stronger, lower-leverage balance sheet. See defensive interval ratio of Discover Financial Services to measure how many days the company can operate on defensive assets alone.
Quality Index
Net Assets
Total Assets
Total Liabilities
Discover Financial Services Net Asset Quality Index Over Time (2003–2024)
This chart shows how Discover Financial Services's Net Asset Quality Index has evolved across 21 annual periods from 2003 to 2024. As of March 2025, the index stands at 12.8%, representing net assets of $18.96 Billion against total assets of $147.91 Billion USD. Explore Discover Financial Services (DFS) cash conversion ratio to assess how effectively this company generates cash.
Annual Net Asset Quality Index for Discover Financial Services (2003–2024)
The table below presents the year-by-year Net Asset Quality Index for Discover Financial Services from 2003 to 2024, covering 21 annual filings. Each row shows total assets, total liabilities, net assets, the quality index percentage, and the change in percentage points compared to the prior year. For market capitalisation and the full company profile, see market value of Discover Financial Services.
| Year | Quality Index | Net Assets (USD) | Total Assets | Total Liabilities | Change (pp) |
|---|---|---|---|---|---|
| 2024 | 12.1% | $17.93 Billion | $147.64 Billion | $129.71 Billion | ▲ +2.4 pp |
| 2023 | 9.8% | $14.83 Billion | $151.52 Billion | $136.69 Billion | ▼ -1.3 pp |
| 2022 | 11.1% | $14.59 Billion | $131.63 Billion | $117.04 Billion | ▼ -1.1 pp |
| 2021 | 12.2% | $13.41 Billion | $110.24 Billion | $96.83 Billion | ▼ -69.0 pp |
| 2020 | 81.2% | $91.65 Billion | $112.89 Billion | $21.24 Billion | ▲ +3.7 pp |
| 2019 | 77.5% | $88.30 Billion | $114.00 Billion | $25.70 Billion | ▲ +67.3 pp |
| 2018 | 10.2% | $11.13 Billion | $109.55 Billion | $98.42 Billion | ▼ -0.7 pp |
| 2017 | 10.9% | $10.89 Billion | $100.09 Billion | $89.19 Billion | ▼ -1.4 pp |
| 2016 | 12.3% | $11.32 Billion | $92.31 Billion | $80.98 Billion | ▼ -0.7 pp |
| 2015 | 13.0% | $11.28 Billion | $86.94 Billion | $75.66 Billion | ▼ -0.4 pp |
| 2014 | 13.4% | $11.13 Billion | $83.13 Billion | $71.99 Billion | ▼ -0.2 pp |
| 2013 | 13.6% | $10.81 Billion | $79.34 Billion | $68.53 Billion | ▲ +0.2 pp |
| 2012 | 13.4% | $9.87 Billion | $73.49 Billion | $63.62 Billion | ▲ +1.5 pp |
| 2011 | 11.9% | $8.24 Billion | $69.12 Billion | $60.88 Billion | ▲ +1.3 pp |
| 2010 | 10.6% | $6.46 Billion | $60.78 Billion | $54.33 Billion | ▼ -7.7 pp |
| 2009 | 18.3% | $8.44 Billion | $46.02 Billion | $37.59 Billion | ▲ +3.5 pp |
| 2008 | 14.8% | $5.92 Billion | $39.89 Billion | $33.98 Billion | ▼ -0.2 pp |
| 2007 | 15.0% | $5.60 Billion | $37.38 Billion | $31.78 Billion | ▼ -4.9 pp |
| 2006 | 19.9% | $5.77 Billion | $29.07 Billion | $23.29 Billion | ▲ +2.8 pp |
| 2005 | 17.1% | $4.60 Billion | $26.94 Billion | $22.34 Billion | ▲ +1.2 pp |
| 2003 | 15.9% | $3.81 Billion | $24.03 Billion | $20.22 Billion | — |