What is Nelnet's debt-to-assets?

Nelnet (NNI) reported debt-to-assets of 0.5× in Q1 2026.

How has Nelnet's debt-to-assets changed year-over-year?

Nelnet's debt-to-assets decreased by 11.0% year-over-year, from 0.6× to 0.5×.

What is the long-term trend for Nelnet's debt-to-assets?

Over 5 years (2020 to 2025), Nelnet's debt-to-assets has grown at a -8.3% compound annual growth rate (CAGR), from 0.9× to 0.6×.

What does debt-to-assets mean?

Total debt divided by total assets at the quarter end. Measures the share of the asset base financed by debt.

Nelnet NNI Debt-to-assets

Debt-to-assets at other companies

SoFi Technologies, Inc.SOFI

0×0.0×

Enova InternationalENVA

0.7×0.0×

Rithm CapitalRITM

0×-0.7×

EFC

Ellington Financial Inc.EFC

0×0.0×

MFA FinancialMFA

0×0.0×

Main Street CapitalMAIN

0.4×0.0×

Other financials

Income statement

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Net income$71.1M-13.8%

EPS (diluted)$1.97-12.8%

Balance sheet

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Cash & equivalents$240.0M+8.8%

Total debt$7.7B-11.1%

Total equity$3.7B+9.1%

Total assets$14.2B-0.1%

Cash flow

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Operating cash flow$73.1M-19.8%

CapEx$11.6M+242%

Free cash flow$61.6M-29.9%

Valuation

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Market cap$4.68B+14.9%

Returns & leverage

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Return on equity11.7%+5.9pp

Debt / equity2.1×-0.5×

Where this comes from

Calculated from Nelnet’s reported figures.

total debt/total assets=0.5×

Based on the most recent quarter.

The official record: Nelnet’s 10-Q, filed May 7, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Nelnet's debt-to-assets?: Nelnet (NNI) reported debt-to-assets of 0.5× in Q1 2026.
How has Nelnet's debt-to-assets changed year-over-year?: Nelnet's debt-to-assets decreased by 11.0% year-over-year, from 0.6× to 0.5×.
What is the long-term trend for Nelnet's debt-to-assets?: Over 5 years (2020 to 2025), Nelnet's debt-to-assets has grown at a -8.3% compound annual growth rate (CAGR), from 0.9× to 0.6×.
What does debt-to-assets mean?: Total debt divided by total assets at the quarter end. Measures the share of the asset base financed by debt.