What is Nelnet's net debt / EBITDA?

Nelnet (NNI) reported net debt / EBITDA of 6.5× in Q3 2025.

What is the long-term trend for Nelnet's net debt / EBITDA?

Over 3 years (2020 to 2024), Nelnet's net debt / EBITDA has grown at a -26.5% compound annual growth rate (CAGR), from 19.6× to 7.8×.

What does net debt / EBITDA mean?

Net debt (total debt minus cash) divided by trailing-twelve-month EBITDA. Expresses leverage in years — roughly how long it would take to repay net debt out of operating cash earnings.

Nelnet NNI Net debt / EBITDA

Net debt / EBITDA at other companies

PennyMac Financial Services, Inc.PFSI

-0.1×0.0×

SoFi Technologies, Inc.SOFI

-0.9×-1.2×

Enova InternationalENVA

5.8×+0.2×

Fidelity National Information ServicesFIS

5.2×+2.6×

Apollo Global ManagementAPO

-1.3×-285×

American Financial GroupAFG

0.6×+0.2×

Other financials

Income statement

See full

Net income$71.1M-13.8%

EPS (diluted)$1.97-12.8%

Balance sheet

See full

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

See full

Operating cash flow$73.1M-19.8%

CapEx$11.6M+242%

Free cash flow$61.6M-29.9%

Valuation

See full

Market cap$4.68B+14.9%

Returns & leverage

See full

Return on equity11.7%+5.9pp

Debt / equity2.1×-0.5×

Where this comes from

Calculated from Nelnet’s reported figures.

net debt/ebitda=6.5×

Based on the most recent quarter.

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

Ask your AI about Nelnet's net debt / ebitda.

Connect your AI assistant and compare it to peers, right in your chat.

Connect your AI

Claude

Questions, answered.

What is Nelnet's net debt / EBITDA?: Nelnet (NNI) reported net debt / EBITDA of 6.5× in Q3 2025.
What is the long-term trend for Nelnet's net debt / EBITDA?: Over 3 years (2020 to 2024), Nelnet's net debt / EBITDA has grown at a -26.5% compound annual growth rate (CAGR), from 19.6× to 7.8×.
What does net debt / EBITDA mean?: Net debt (total debt minus cash) divided by trailing-twelve-month EBITDA. Expresses leverage in years — roughly how long it would take to repay net debt out of operating cash earnings.