Discover Other Current Liab vs Cash And Short Term Investments Analysis

0IBC Stock

176.05 2.16 1.21%

Discover Financial financial indicator trend analysis is much more than just examining Discover Financial latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Discover Financial is a good investment. Please check the relationship between Discover Financial Other Current Liab and its Cash And Short Term Investments accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Discover Financial Services. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

Other Current Liab vs Cash And Short Term Investments

Other Current Liab vs Cash And Short Term Investments Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Discover Financial Other Current Liab account and Cash And Short Term Investments. At this time, the significance of the direction appears to have fragmental relationship.

The correlation between Discover Financial's Other Current Liab and Cash And Short Term Investments is 0.57. Overlapping area represents the amount of variation of Other Current Liab that can explain the historical movement of Cash And Short Term Investments in the same time period over historical financial statements of Discover Financial Services, assuming nothing else is changed. The correlation between historical values of Discover Financial's Other Current Liab and Cash And Short Term Investments is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Other Current Liab of Discover Financial Services are associated (or correlated) with its Cash And Short Term Investments. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash And Short Term Investments has no effect on the direction of Other Current Liab i.e., Discover Financial's Other Current Liab and Cash And Short Term Investments go up and down completely randomly.

Correlation Coefficient

0.57

Relationship Direction	Positive
Relationship Strength	Weak

View All Relationships

Other Current Liab

Cash And Short Term Investments

Short Term Investments is an account in the current assets section of Discover Financial balance sheet. This account contains Discover Financial investments that will expire within one year. These investments include stocks and bonds that can be liquidated by Discover Financial Services fairly quickly. The sum of a company's cash on hand, including bank deposits and short-term, highly liquid investments that are easily convertible to known amounts of cash.

Most indicators from Discover Financial's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Discover Financial current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Discover Financial Services. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

Selling General Administrative is likely to drop to about 1.4 B in 2024. Tax Provision is likely to drop to about 251.4 M in 2024

	2023	2024 (projected)
Total Revenue	9.8B	9.0B
Interest Expense	4.7B	5.0B

Total Revenue Interest Expense

Discover Financial fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Total Stockholder Equity	Net Debt	Common Stock Shares Outstanding	Non Current Liabilities Total	Other Stockholder Equity	Total Liab	Other Current Liab	Total Current Liabilities	Property Plant And Equipment Net	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Good Will	Short Term Investments	Other Current Assets	Total Current Assets	Short Term Debt	Intangible Assets	Common Stock	Current Deferred Revenue
Total Assets		0.64	0.92	0.55	-0.84	0.54	-0.82	0.55	0.31	0.19	0.81	0.81	0.8	0.51	0.29	0.16	0.63	0.45	-0.4	0.16	-0.39	-0.15	0.16	0.38	0.88	0.44
Short Long Term Debt Total	0.64		0.69	0.58	-0.3	0.02	-0.32	0.37	0.59	0.58	0.32	0.35	0.51	0.73	0.3	0.3	0.46	0.44	-0.01	0.15	-0.25	-0.17	0.28	0.02	0.84	-0.04
Total Stockholder Equity	0.92	0.69		0.57	-0.66	0.51	-0.71	0.66	0.13	0.06	0.61	0.74	0.81	0.47	0.26	0.19	0.48	0.47	-0.25	0.18	-0.29	-0.14	-0.04	0.39	0.9	0.34
Net Debt	0.55	0.58	0.57		-0.45	0.09	-0.43	0.16	0.43	0.48	0.59	0.44	0.36	0.49	0.19	0.15	0.51	0.3	-0.27	0.04	-0.61	0.01	0.36	-0.07	0.52	-0.02
Common Stock Shares Outstanding	-0.84	-0.3	-0.66	-0.45		-0.58	0.95	-0.43	-0.31	-0.09	-0.96	-0.9	-0.68	-0.32	-0.23	-0.02	-0.72	-0.26	0.69	0.06	0.51	0.1	-0.33	-0.39	-0.59	-0.45
Non Current Liabilities Total	0.54	0.02	0.51	0.09	-0.58		-0.74	0.76	-0.27	-0.38	0.43	0.8	0.8	0.07	0.56	0.44	0.03	0.69	-0.68	0.02	-0.21	-0.16	-0.25	0.87	0.39	0.79
Other Stockholder Equity	-0.82	-0.32	-0.71	-0.43	0.95	-0.74		-0.62	-0.17	0.02	-0.87	-0.99	-0.84	-0.33	-0.39	-0.19	-0.63	-0.42	0.75	-0.01	0.48	0.13	-0.16	-0.6	-0.65	-0.56
Total Liab	0.55	0.37	0.66	0.16	-0.43	0.76	-0.62		-0.19	-0.25	0.26	0.7	0.75	0.42	0.69	0.65	-0.01	0.69	-0.49	0.15	-0.21	-0.23	-0.23	0.76	0.58	0.6
Other Current Liab	0.31	0.59	0.13	0.43	-0.31	-0.27	-0.17	-0.19		0.86	0.39	0.11	0.02	0.61	0.06	-0.01	0.57	0.04	-0.1	-0.02	-0.43	-0.1	0.88	-0.43	0.31	-0.32
Total Current Liabilities	0.19	0.58	0.06	0.48	-0.09	-0.38	0.02	-0.25	0.86		0.21	-0.07	-0.06	0.62	0.14	0.04	0.42	0.03	0.03	0.23	-0.57	-0.28	0.68	-0.51	0.27	-0.4
Property Plant And Equipment Net	0.81	0.32	0.61	0.59	-0.96	0.43	-0.87	0.26	0.39	0.21		0.8	0.57	0.38	0.15	-0.01	0.78	0.17	-0.61	-0.04	-0.54	0.03	0.4	0.22	0.55	0.35
Retained Earnings	0.81	0.35	0.74	0.44	-0.9	0.8	-0.99	0.7	0.11	-0.07	0.8		0.89	0.34	0.45	0.27	0.57	0.5	-0.75	0.02	-0.46	-0.14	0.07	0.67	0.67	0.59
Accounts Payable	0.8	0.51	0.81	0.36	-0.68	0.8	-0.84	0.75	0.02	-0.06	0.57	0.89		0.4	0.5	0.39	0.45	0.63	-0.52	0.24	-0.27	-0.14	-0.19	0.74	0.83	0.61
Cash	0.51	0.73	0.47	0.49	-0.32	0.07	-0.33	0.42	0.61	0.62	0.38	0.34	0.4		0.53	0.58	0.47	0.29	-0.23	0.29	-0.44	0.05	0.37	0.01	0.62	0.07
Non Current Assets Total	0.29	0.3	0.26	0.19	-0.23	0.56	-0.39	0.69	0.06	0.14	0.15	0.45	0.5	0.53		0.92	-0.05	0.66	-0.64	0.22	-0.48	-0.36	-0.03	0.67	0.34	0.68
Non Currrent Assets Other	0.16	0.3	0.19	0.15	-0.02	0.44	-0.19	0.65	-0.01	0.04	-0.01	0.27	0.39	0.58	0.92		-0.17	0.64	-0.44	0.16	-0.2	-0.03	-0.14	0.59	0.27	0.61
Cash And Short Term Investments	0.63	0.46	0.48	0.51	-0.72	0.03	-0.63	-0.01	0.57	0.42	0.78	0.57	0.45	0.47	-0.05	-0.17		-0.19	-0.33	0.06	-0.43	0.13	0.4	-0.05	0.58	0.0
Net Receivables	0.45	0.44	0.47	0.3	-0.26	0.69	-0.42	0.69	0.04	0.03	0.17	0.5	0.63	0.29	0.66	0.64	-0.19		-0.39	0.01	-0.15	-0.26	-0.04	0.62	0.47	0.53
Good Will	-0.4	-0.01	-0.25	-0.27	0.69	-0.68	0.75	-0.49	-0.1	0.03	-0.61	-0.75	-0.52	-0.23	-0.64	-0.44	-0.33	-0.39		0.25	0.58	0.21	-0.19	-0.63	-0.18	-0.67
Short Term Investments	0.16	0.15	0.18	0.04	0.06	0.02	-0.01	0.15	-0.02	0.23	-0.04	0.02	0.24	0.29	0.22	0.16	0.06	0.01	0.25		-0.26	-0.21	-0.18	0.05	0.31	0.03
Other Current Assets	-0.39	-0.25	-0.29	-0.61	0.51	-0.21	0.48	-0.21	-0.43	-0.57	-0.54	-0.46	-0.27	-0.44	-0.48	-0.2	-0.43	-0.15	0.58	-0.26		0.52	-0.47	-0.04	-0.27	-0.13
Total Current Assets	-0.15	-0.17	-0.14	0.01	0.1	-0.16	0.13	-0.23	-0.1	-0.28	0.03	-0.14	-0.14	0.05	-0.36	-0.03	0.13	-0.26	0.21	-0.21	0.52		-0.13	-0.16	-0.14	-0.11
Short Term Debt	0.16	0.28	-0.04	0.36	-0.33	-0.25	-0.16	-0.23	0.88	0.68	0.4	0.07	-0.19	0.37	-0.03	-0.14	0.4	-0.04	-0.19	-0.18	-0.47	-0.13		-0.47	0.01	-0.35
Intangible Assets	0.38	0.02	0.39	-0.07	-0.39	0.87	-0.6	0.76	-0.43	-0.51	0.22	0.67	0.74	0.01	0.67	0.59	-0.05	0.62	-0.63	0.05	-0.04	-0.16	-0.47		0.36	0.9
Common Stock	0.88	0.84	0.9	0.52	-0.59	0.39	-0.65	0.58	0.31	0.27	0.55	0.67	0.83	0.62	0.34	0.27	0.58	0.47	-0.18	0.31	-0.27	-0.14	0.01	0.36		0.29
Current Deferred Revenue	0.44	-0.04	0.34	-0.02	-0.45	0.79	-0.56	0.6	-0.32	-0.4	0.35	0.59	0.61	0.07	0.68	0.61	0.0	0.53	-0.67	0.03	-0.13	-0.11	-0.35	0.9	0.29

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Discover Financial Account Relationship Matchups

Discover Financial fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	114.0B	112.9B	110.2B	131.6B	151.5B	86.5B
Short Long Term Debt Total	25.7B	21.2B	20.2B	20.1B	21.3B	18.1B
Total Stockholder Equity	11.9B	10.9B	13.4B	14.6B	14.8B	10.5B
Net Debt	18.8B	7.7B	11.5B	11.3B	9.6B	7.6B
Common Stock Shares Outstanding	320M	307M	300M	278M	254M	343.8M
Liabilities And Stockholders Equity	114.0B	112.9B	110.2B	131.6B	151.5B	86.8B
Non Current Liabilities Total	25.7B	21.2B	19.0B	117.0B	136.7B	143.5B
Other Stockholder Equity	(9.9B)	(10.2B)	(12.3B)	(14.6B)	(16.5B)	(15.6B)
Total Liab	25.7B	21.2B	96.8B	117.0B	136.7B	143.5B
Other Current Liab	57.6B	66.7B	(1.8B)	19.8B	(750M)	(712.5M)
Total Current Liabilities	62.9B	70.9B	1.3B	23.6B	4.8B	4.5B
Property Plant And Equipment Net	1.1B	1.0B	983M	1.0B	1.1B	801.6M
Retained Earnings	21.3B	20.0B	24.8B	28.5B	30.4B	32.0B
Accounts Payable	72.7B	76.9B	72.4B	91.6B	105.4B	110.7B
Cash	6.9B	13.6B	8.8B	8.9B	11.7B	10.2B
Non Current Assets Total	12.1B	13.5B	8.1B	13.5B	139.8B	146.8B
Non Currrent Assets Other	(933M)	(2.2B)	(1.9B)	(2.1B)	122.1B	128.2B
Cash And Short Term Investments	18.4B	28.4B	20.3B	10.6B	11.7B	10.7B
Net Receivables	92.5B	944M	914M	104.7B	120.5B	126.5B
Short Term Investments	875M	2.7B	2.0B	1.7B	2.1B	1.7B
Other Current Assets	2.0B	2.1B	4.7B	2.8B	3.5B	4.5B
Total Current Assets	18.4B	29.3B	21.2B	10.6B	11.7B	16.3B
Accumulated Other Comprehensive Income	(119M)	45M	(94M)	(339M)	(225M)	(213.8M)
Short Term Debt	5.2B	4.2B	1.8B	3.8B	750M	712.5M
Intangible Assets	161M	155M	95M	255M	703M	738.2M
Other Assets	83.5B	70.1B	80.9B	107.6B	(2.1B)	(2.0B)
Inventory	(94.6B)	(2.1B)	(4.7B)	(107.5B)	(96.7B)	(91.9B)
Long Term Debt	21.1B	20.7B	20.5B	17.0B	15.3B	15.9B
Capital Surpluse	4.0B	4.1B	4.2B	4.3B	4.9B	4.5B
Treasury Stock	(10.3B)	(12.3B)	(14.1B)	(14.4B)	(13.0B)	(13.6B)
Property Plant Equipment	541M	487M	425M	396M	356.4M	408M
Earning Assets	1.6B	3.4B	10.6B	12.1B	13.9B	14.6B
Other Liab	199M	227M	198M	212M	243.8M	212.5M
Net Tangible Assets	10.4B	8.9B	11.5B	12.7B	14.6B	11.5B

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Discover Other Current Liab vs Cash And Short Term Investments Analysis

Other Current Liab vs Cash And Short Term Investments

Other Current Liab vs Cash And Short Term Investments Correlation Analysis

Correlation Coefficient

Other Current Liab

Cash And Short Term Investments

Discover Financial fundamental ratios Correlations

Discover Financial Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Discover Financial fundamental ratios Accounts

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Additional Tools for Discover Stock Analysis

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Other Stockholder Equity	+ 0.95	Common Stock Shares Outstanding
Total Stockholder Equity	+ 0.92	Total Assets
Non Currrent Assets Other	+ 0.92	Non Current Assets Total
Common Stock	+ 0.9	Total Stockholder Equity
Current Deferred Revenue	+ 0.9	Intangible Assets
Accounts Payable	+ 0.89	Retained Earnings

Retained Earnings	- 0.99	Other Stockholder Equity
Property Plant And Equipment Net	- 0.96	Common Stock Shares Outstanding
Retained Earnings	- 0.9	Common Stock Shares Outstanding
Property Plant And Equipment Net	- 0.87	Other Stockholder Equity
Accounts Payable	- 0.84	Other Stockholder Equity
Common Stock Shares Outstanding	- 0.84	Total Assets