As of Aug 31, 2026, National Rural Utilities Cooperative Finance Corporation had total assets of $39.6 billion and total liabilities of $36.2 billion. Total assets were up 1.9% from a year earlier. Stockholders' equity was $3.4 billion. It held $202.5 million in cash and investments against $33.3 billion of total debt, net debt of $33.1 billion.
USD in millions, except ratios and per-share amounts. The percent under a figure is the change from the year before.
| Line |
FY 2027
Aug 31, 2026
|
FY 2026
May 31, 2026
|
FY 2025
May 31, 2025
|
FY 2024
May 31, 2024
|
FY 2023
May 31, 2023
|
FY 2022
May 31, 2022
|
FY 2021
May 31, 2021
|
FY 2020
May 31, 2020
|
FY 2019
May 31, 2019
|
FY 2018
May 31, 2018
|
FY 2017
May 31, 2017
|
|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||||
| Cash |
203
-21.2%
|
249
+84.7%
|
135
-51.9%
|
280
+40.8%
|
199
+29.6%
|
154
-48.0%
|
295
-56.1%
|
671
+277.3%
|
178
-23.0%
|
231
+38.6%
|
167
-18.5%
|
| Cash and investments |
203
-21.2%
|
249
+84.7%
|
135
-51.9%
|
280
+40.8%
|
199
+29.6%
|
154
-48.0%
|
295
-56.1%
|
671
+277.3%
|
178
-23.0%
|
231
+38.6%
|
167
-18.5%
|
| Property and equipment, net |
74
-7.4%
|
76
-7.4%
|
82
-4.1%
|
85
-1.0%
|
86
-15.5%
|
102
+10.8%
|
92
+3.1%
|
89
-26.1%
|
121
+4.0%
|
116
-5.1%
|
122
+8.6%
|
| Total assets |
39,569
+1.9%
|
39,704
+3.6%
|
38,325
+5.9%
|
36,178
+6.4%
|
34,012
+8.8%
|
31,251
+5.4%
|
29,638
+5.3%
|
28,158
+3.8%
|
27,124
+1.6%
|
26,690
+5.9%
|
25,206
+3.9%
|
| Liabilities and equity | |||||||||||
| Total liabilities |
36,183
+1.1%
|
36,392
+3.3%
|
35,222
+6.2%
|
33,166
+5.5%
|
31,423
+7.9%
|
29,109
+3.1%
|
28,238
+2.7%
|
27,509
+6.5%
|
25,820
+2.5%
|
25,184
+4.5%
|
24,107
+2.8%
|
| Stockholders' equity |
3,363
+10.9%
|
3,291
+6.7%
|
3,082
+3.0%
|
2,991
+16.8%
|
2,562
+21.2%
|
2,115
+53.8%
|
1,375
+119.6%
|
626
-51.0%
|
1,277
-13.4%
|
1,474
+37.8%
|
1,070
+35.2%
|
| Debt | |||||||||||
| Debt due within a year |
4,789
-1.0%
|
5,160
+1.3%
|
5,091
+17.5%
|
4,333
-4.7%
|
4,546
-8.7%
|
4,981
+8.7%
|
4,582
+15.7%
|
3,962
+9.8%
|
3,608
-5.0%
|
3,796
+13.6%
|
3,343
+13.7%
|
| Long-term debt |
28,461
+1.9%
|
28,346
+4.4%
|
27,164
+4.9%
|
25,901
+8.2%
|
23,947
+11.1%
|
21,545
+4.6%
|
20,603
+4.5%
|
19,712
+2.6%
|
19,211
+2.6%
|
18,715
+4.2%
|
17,956
+2.8%
|
| Lease liabilities |
7
+0.0%
|
7
+0.0%
|
7
+133.3%
|
3
|
—
|
—
|
—
|
—
|
—
|
—
|
—
|
| Total debt |
33,258
+1.5%
|
33,513
+3.9%
|
32,262
+6.7%
|
30,237
+6.1%
|
28,493
+7.4%
|
26,527
+5.3%
|
25,185
+6.4%
|
23,674
+3.7%
|
22,819
+1.4%
|
22,511
+5.7%
|
21,298
+4.3%
|
| Net cash |
-33,055
-1.7%
|
-33,264
-3.5%
|
-32,127
-7.2%
|
-29,957
-5.9%
|
-28,294
-7.3%
|
-26,373
-6.0%
|
-24,890
-8.2%
|
-23,003
-1.6%
|
-22,641
-1.6%
|
-22,280
-5.4%
|
-21,132
-4.6%
|
| Ratios | |||||||||||
| Debt to equity |
9.89x
|
10.18x
|
10.47x
|
10.11x
|
11.12x
|
12.54x
|
18.32x
|
37.81x
|
17.87x
|
15.27x
|
19.91x
|
| Return on equity |
11.66%
|
7.97%
|
4.53%
|
18.50%
|
19.57%
|
37.64%
|
59.03%
|
-93.47%
|
-11.69%
|
30.87%
|
28.96%
|
| Return on assets |
0.99%
|
0.66%
|
0.36%
|
1.53%
|
1.47%
|
2.55%
|
2.74%
|
-2.08%
|
-0.55%
|
1.71%
|
1.23%
|
How these figures are calculated
Annual columns are full-year amounts from the annual report (Form 10-K, 20-F, or 40-F). If a company restates a year, the latest filed number is shown. USD in millions, except ratios and per-share amounts. Cash and investments adds short-term and long-term marketable securities to cash. Debt due within a year is the borrowings that are not already in long-term debt. Total debt is those borrowings plus lease liabilities. Net cash is cash and investments minus total debt. Return on equity and return on assets divide the trailing twelve months of net income by the balance on that date. Debt to EBITDA uses the trailing twelve months of EBITDA. The first column is the latest balance sheet when it is newer than the latest fiscal year. More on our methodology.
Company profile
- Industry
- Miscellaneous Business Credit Institution (SIC 6159)
- Listed as
- NRUC (NYSE)
- Fiscal year ends
- May 31
- Incorporated in
- DC
- Headquarters
- Dulles, VA
- SEC filer status
- Non-accelerated filer
- SEC CIK
- 70502
Other Miscellaneous Business Credit Institution companies
Source: SEC EDGAR filings. This is company-reported data, not investment advice.