What is Nelnet's interest coverage?

Nelnet (NNI) reported interest coverage of 2.1× in Q3 2025.

What is the long-term trend for Nelnet's interest coverage?

Over 3 years (2020 to 2024), Nelnet's interest coverage has grown at a -17.3% compound annual growth rate (CAGR), from 2.4× to 1.3×.

What does interest coverage mean?

Trailing-twelve-month operating income (EBIT) divided by interest expense. Measures how many times over the company can cover its interest payments from operating profit.

Nelnet NNI Interest coverage

Interest coverage at other companies

PennyMac Financial Services, Inc.PFSI

1.6×0.0×

SoFi Technologies, Inc.SOFI

1.5×+0.3×

Enova InternationalENVA

2.2×+0.1×

EFC

Ellington Financial Inc.EFC

1.5×+0.1×

Fidelity National Information ServicesFIS

3.6×-1.2×

KKR & Co.KKR

3.6×+0.6×

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.

ebit/interest expense=2.1×

Based on trailing twelve months.

The official record: Nelnet’s 10-Q, filed November 6, 2025, on SEC EDGAR. View the filing →

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Questions, answered.

What is Nelnet's interest coverage?: Nelnet (NNI) reported interest coverage of 2.1× in Q3 2025.
What is the long-term trend for Nelnet's interest coverage?: Over 3 years (2020 to 2024), Nelnet's interest coverage has grown at a -17.3% compound annual growth rate (CAGR), from 2.4× to 1.3×.
What does interest coverage mean?: Trailing-twelve-month operating income (EBIT) divided by interest expense. Measures how many times over the company can cover its interest payments from operating profit.