Nelnet Balance Sheet Health
Financial Health criteria checks 3/6
Nelnet has a total shareholder equity of $3.2B and total debt of $8.9B, which brings its debt-to-equity ratio to 278.5%. Its total assets and total liabilities are $14.1B and $10.9B respectively.
Key information
278.5%
Debt to equity ratio
US$8.94b
Debt
| Interest coverage ratio | n/a |
| Cash | US$219.80m |
| Equity | US$3.21b |
| Total liabilities | US$10.87b |
| Total assets | US$14.08b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: NIJ's short term assets ($11.9B) exceed its short term liabilities ($1.6B).
Long Term Liabilities: NIJ's short term assets ($11.9B) exceed its long term liabilities ($9.3B).
Debt to Equity History and Analysis
Debt Level: NIJ's net debt to equity ratio (271.7%) is considered high.
Reducing Debt: NIJ's debt to equity ratio has reduced from 888% to 278.5% over the past 5 years.
Debt Coverage: NIJ's debt is not well covered by operating cash flow (6.3%).
Interest Coverage: Insufficient data to determine if NIJ's interest payments on its debt are well covered by EBIT.