Synchrony Financial annual debt-to-equity ratio
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2025
Synchrony Financial Debt-to-Equity Ratio Growth & History (SYF)
Synchrony Financial's debt-to-equity ratio was 0.91 for fiscal 2025.
View full Synchrony Financial company overviewSynchrony Financial annual debt-to-equity ratio history
| Fiscal year | Period ended | Debt-to-equity ratio | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | 0.91 | −0.03 | −2.90% |
| 2024 | 2024-12-31 | 0.93 | −0.22 | −18.87% |
| 2023 | 2023-12-31 | 1.15 | 0.05 | +4.28% |
| 2022 | 2022-12-31 | 1.10 | 0.04 | +3.76% |
| 2021 | 2021-12-31 | 1.06 | −0.18 | −14.46% |
| 2020 | 2020-12-31 | 1.24 | −0.07 | −5.67% |
| 2019 | 2019-12-31 | 1.32 | −0.32 | −19.46% |
| 2018 | 2018-12-31 | 1.63 | 0.17 | +11.88% |
| 2017 | 2017-12-31 | 1.46 | 0.04 | +2.96% |
| 2016 | 2016-12-31 | 1.42 | −0.51 | −26.32% |
| 2015 | 2015-12-31 | 1.93 | — | — |
Synchrony Financial quarterly debt-to-equity ratio
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| Fiscal quarter | Period ended | Debt-to-equity ratio | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | 0.97 | 0.03 | +2.98% |
| Q1 2026 | 2026-03-31 | 1.00 | −0.03 | −2.81% |
| Q4 2025 | 2025-12-31 | 0.91 | −0.03 | −2.90% |
| Q3 2025 | 2025-09-30 | 0.85 | −0.13 | −13.55% |
| Q2 2025 | 2025-06-30 | 0.94 | −0.06 | −6.15% |
| Q1 2025 | 2025-03-31 | 1.03 | −0.03 | −2.83% |
| Q4 2024 | 2024-12-31 | 0.93 | −0.22 | −18.87% |
| Q3 2024 | 2024-09-30 | 0.98 | −0.13 | −11.58% |
| Q2 2024 | 2024-06-30 | 1.01 | −0.06 | −5.39% |
| Q1 2024 | 2024-03-31 | 1.06 | −0.08 | −6.74% |
| Q4 2023 | 2023-12-31 | 1.15 | 0.05 | +4.28% |
| Q3 2023 | 2023-09-30 | 1.11 | 0.01 | +0.52% |
| Q2 2023 | 2023-06-30 | 1.06 | 0.16 | +17.17% |
| Q1 2023 | 2023-03-31 | 1.13 | 0.14 | +13.69% |
| Q4 2022 | 2022-12-31 | 1.10 | 0.04 | +3.76% |
| Q3 2022 | 2022-09-30 | 1.10 | 0.18 | +20.20% |
| Q2 2022 | 2022-06-30 | 0.91 | −0.04 | −4.24% |
| Q1 2022 | 2022-03-31 | 1.00 | −0.13 | −11.74% |
| Q4 2021 | 2021-12-31 | 1.06 | −0.18 | −14.46% |
| Q3 2021 | 2021-09-30 | 0.92 | −0.39 | −29.76% |
| Q2 2021 | 2021-06-30 | 0.95 | −0.40 | −29.81% |
| Q1 2021 | 2021-03-31 | 1.13 | −0.31 | −21.71% |
| Q4 2020 | 2020-12-31 | 1.24 | −0.07 | −5.67% |
| Q3 2020 | 2020-09-30 | 1.30 | −0.04 | −3.21% |
| Q2 2020 | 2020-06-30 | 1.35 | −0.09 | −6.34% |
| Q1 2020 | 2020-03-31 | 1.44 | −0.05 | −3.18% |
| Q4 2019 | 2019-12-31 | 1.32 | −0.32 | −19.46% |
| Q3 2019 | 2019-09-30 | 1.35 | −0.35 | −20.60% |
| Q2 2019 | 2019-06-30 | 1.44 | −0.06 | −4.03% |
| Q1 2019 | 2019-03-31 | 1.49 | 0.02 | +1.67% |
| Q4 2018 | 2018-12-31 | 1.63 | 0.17 | +11.88% |
| Q3 2018 | 2018-09-30 | 1.70 | 0.31 | +22.77% |
| Q2 2018 | 2018-06-30 | 1.50 | 0.06 | +3.97% |
| Q1 2018 | 2018-03-31 | 1.46 | 0.06 | +4.12% |
| Q4 2017 | 2017-12-31 | 1.46 | 0.04 | +2.96% |
| Q3 2017 | 2017-09-30 | 1.38 | −0.06 | −4.21% |
| Q2 2017 | 2017-06-30 | 1.44 | — | — |
| Q1 2017 | 2017-03-31 | 1.41 | — | — |
| Q4 2016 | 2016-12-31 | 1.42 | −0.51 | −26.32% |
| Q3 2016 | 2016-09-30 | 1.44 | — | — |
| Q4 2015 | 2015-12-31 | 1.93 | — | — |
Synchrony Financial debt-to-equity ratio trends
Over the last five fiscal years, Synchrony Financial's debt-to-equity ratio decreased from 1.24 to 0.91, a change of −0.34. The latest reported quarter, Q2 2026, shows 0.97.
About the metric
What the debt-to-equity ratio means
The debt-to-equity ratio compares interest-bearing debt with shareholders’ equity. It helps show how much debt financing a company uses relative to its accounting equity, but useful comparison levels vary by industry.
Calculation and source
How debt-to-equity is calculated
TickerStat calculates debt-to-equity as total interest-bearing debt divided by SEC-reported shareholders’ equity for the same balance-sheet date. Total liabilities are not treated as debt, and periods with non-positive equity are omitted. Fiscal periods can differ from calendar years, so exact period-end dates are included.
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