American Express Co (American Express Co) Debt-to-Equity

: 1.75 (As of Dec. 2023)

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American Express Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $1,293 Mil. American Express Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $47,866 Mil. American Express Co's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $28,057 Mil. American Express Co's debt to equity for the quarter that ended in Dec. 2023 was 1.75.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

The historical rank and industry rank for American Express Co's Debt-to-Equity or its related term are showing as below:

AXP' s Debt-to-Equity Range Over the Past 10 Years
Min: 1.75 Med: 2.56 Max: 3.24
Current: 1.75

During the past 13 years, the highest Debt-to-Equity Ratio of American Express Co was 3.24. The lowest was 1.75. And the median was 2.56.

AXP's Debt-to-Equity is ranked worse than
59.4% of 431 companies
in the Credit Services industry
Industry Median: 1.18 vs AXP: 1.75

American Express Co Debt-to-Equity Historical Data

The historical data trend for American Express Co's Debt-to-Equity can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

American Express Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

2.79

1.95

1.85

1.78

1.75

American Express Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity																1.78	1.65	1.81	1.76	1.75

Competitive Comparison

For the Credit Services subindustry, American Express Co's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

American Express Co Debt-to-Equity Distribution

For the Credit Services industry and Financial Services sector, American Express Co's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where American Express Co's Debt-to-Equity falls into.

American Express Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

American Express Co's Debt to Equity Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(1293	+	47866)	/	28057
	=	1.75

American Express Co's Debt to Equity Ratio for the quarter that ended in Dec. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(1293	+	47866)	/	28057
	=	1.75

American Express Co (NYSE:AXP) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.

Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.

American Express Co Debt-to-Equity Related Terms

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American Express Co (American Express Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » American Express Co (NYSE:AXP) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

AXP:Mexico 1AXP:Italy AEC1d:UK 0R3C:UK AEC1:Germany AEC1:Germany AEC1:Germany AXPB34:Brazil AXP:Austria AXP:Argentina

Address

200 Vesey Street, New York, NY, USA, 10285

Website

https://www.americanexpress.com

American Express is a global financial institution, operating in about 130 countries, that provides consumers and businesses charge and credit card payment products. The company also operates a highly profitable merchant payment network. Since 2018, it has operated in three segments: global consumer services, global commercial services, and global merchant and network services. In addition to payment products, the company's commercial business offers expense management tools, consulting services, and business loans.

Executives

Jeffrey C Campbell	officer: EVP, Chief Financial Officer	4333 AMON CARTER BLVD, FORT WORTH TX 76155
Douglas E. Buckminster	officer: Pres, Int'l Consumer & SBS	200 VESEY STREET, M/S 01-50-01, NEW YORK NY 10285
Clayton Walter Joseph Iii	director	C/O APOLLO GLOBAL MANAGEMENT, INC., 9 WEST 57TH STREET, 43RD FLOOR, NEW YORK NY 10019
Caillec Christophe Le	officer: Chief Financial Officer	200 VESEY STREET, NEW YORK NY 10285
Monique Herena	officer: Chief Human Resources Officer	225 LIBERTY STREET, NEW YORK NY 10286
Howard Grosfield	officer: President, U.S. Consumer Serv	200 VESEY STREET, NEW YORK NY 10285
Quinn Jessica Lieberman	officer: Controller	200 VESEY STREET, NEW YORK NY 10285
Raymond Joabar	officer: CRO and Pres., GRBC	200 VESEY STREET, NEW YORK NY 10285
Denise Pickett	officer: CRO and President, GRBC Group	200 VESEY STREET, NEW YORK NY 10285
Anna Marrs	officer: Pres., Global Comm. Services	200 VESEY STREET, NEW YORK NY 10285
Deborah P Majoras	director	ONE PROCTER & GAMBLE PLAZA, CINCINNATI OH 45202
Rafael Marquez	officer: President, International Card	200 VESEY STREET, NEW YORK NY 10285
Theodore Leonsis	director	WASHINGTON CAPITALS, 627 N GLEBE RD SUITE 850, ARLINGTON VA 22203
Stephen J Squeri	officer: EVP, Chief Information Officer	200 VESEY STREET, NEW YORK NY 10285
Anre D Williams	officer: Pres. Global Merchant Services	200 VESEY STREET, NEW YORK NY 10285