National Rural Utilities Cooperative Finance annual net debt
2011
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2026
National Rural Utilities Cooperative Finance Net Debt Growth & History (NRUC)
National Rural Utilities Cooperative Finance's net debt was $33.26B for fiscal 2026.
View full National Rural Utilities Cooperative Finance company overviewNational Rural Utilities Cooperative Finance annual net debt history
| Fiscal year | Period ended | Net debt | Change | Growth |
|---|---|---|---|---|
| 2026 | 2026-05-31 | $33.26B | $1.14B | +3.54% |
| 2025 | 2025-05-31 | $32.13B | $2.17B | +7.25% |
| 2024 | 2024-05-31 | $29.96B | $1.66B | +5.87% |
| 2023 | 2023-05-31 | $28.29B | $1.92B | +7.29% |
| 2022 | 2022-05-31 | $26.37B | $1.48B | +5.96% |
| 2021 | 2021-05-31 | $24.89B | $1.89B | +8.21% |
| 2020 | 2020-05-31 | $23.00B | $362.0M | +1.60% |
| 2019 | 2019-05-31 | $22.64B | $360.7M | +1.62% |
| 2018 | 2018-05-31 | $22.28B | $1.15B | +5.43% |
| 2017 | 2017-05-31 | $21.13B | $924.0M | +4.57% |
| 2016 | 2016-05-31 | $20.21B | $1.08B | +5.67% |
| 2015 | 2015-05-31 | $19.12B | $849.8M | +4.65% |
| 2014 | 2014-05-31 | $18.27B | $35.0M | +0.19% |
| 2013 | 2013-05-31 | $18.24B | $1.78B | +10.85% |
| 2012 | 2012-05-31 | $16.45B | −$388.3M | −2.31% |
| 2011 | 2011-05-31 | $16.84B | — | — |
National Rural Utilities Cooperative Finance quarterly net debt
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| Fiscal quarter | Period ended | Net debt | Change | YoY change |
|---|---|---|---|---|
| Q4 2026 | 2026-05-31 | $33.26B | $1.14B | +3.54% |
| Q3 2026 | 2026-02-28 | $33.78B | $2.24B | +7.11% |
| Q2 2026 | 2025-11-30 | $32.86B | $1.98B | +6.43% |
| Q1 2026 | 2025-08-31 | $32.52B | $2.09B | +6.88% |
| Q4 2025 | 2025-05-31 | $32.13B | $2.17B | +7.25% |
| Q3 2025 | 2025-02-28 | $31.53B | $1.62B | +5.42% |
| Q2 2025 | 2024-11-30 | $30.87B | $1.20B | +4.04% |
| Q1 2025 | 2024-08-31 | $30.42B | $1.62B | +5.63% |
| Q4 2024 | 2024-05-31 | $29.96B | $1.66B | +5.87% |
| Q3 2024 | 2024-02-29 | $29.91B | $1.35B | +4.74% |
| Q2 2024 | 2023-11-30 | $29.67B | $1.81B | +6.51% |
| Q1 2024 | 2023-08-31 | $28.80B | $1.89B | +7.04% |
| Q4 2023 | 2023-05-31 | $28.29B | $1.92B | +7.29% |
| Q3 2023 | 2023-02-28 | $28.56B | $2.71B | +10.50% |
| Q2 2023 | 2022-11-30 | $27.86B | $2.48B | +9.78% |
| Q1 2023 | 2022-08-31 | $26.91B | $1.67B | +6.62% |
| Q4 2022 | 2022-05-31 | $26.37B | $1.48B | +5.96% |
| Q3 2022 | 2022-02-28 | $25.85B | $1.05B | +4.24% |
| Q2 2022 | 2021-11-30 | $25.38B | $1.79B | +7.57% |
| Q1 2022 | 2021-08-31 | $25.23B | $1.85B | +7.90% |
| Q4 2021 | 2021-05-31 | $24.89B | $1.89B | +8.21% |
| Q3 2021 | 2021-02-28 | $24.79B | $1.38B | +5.91% |
| Q2 2021 | 2020-11-30 | $23.59B | $482.3M | +2.09% |
| Q1 2021 | 2020-08-31 | $23.39B | $496.4M | +2.17% |
| Q4 2020 | 2020-05-31 | $23.00B | $362.0M | +1.60% |
| Q3 2020 | 2020-02-29 | $23.41B | $416.9M | +1.81% |
| Q2 2020 | 2019-11-30 | $23.11B | $758.4M | +3.39% |
| Q1 2020 | 2019-08-31 | $22.89B | $688.7M | +3.10% |
| Q4 2019 | 2019-05-31 | $22.64B | $360.7M | +1.62% |
| Q3 2019 | 2019-02-28 | $22.99B | $937.3M | +4.25% |
| Q2 2019 | 2018-11-30 | $22.35B | $687.3M | +3.17% |
| Q1 2019 | 2018-08-31 | $22.20B | $968.7M | +4.56% |
| Q4 2018 | 2018-05-31 | $22.28B | $1.15B | +5.43% |
| Q3 2018 | 2018-02-28 | $22.06B | $649.6M | +3.03% |
| Q2 2018 | 2017-11-30 | $21.66B | $572.6M | +2.71% |
| Q1 2018 | 2017-08-31 | $21.23B | $804.4M | +3.94% |
| Q4 2017 | 2017-05-31 | $21.13B | $924.0M | +4.57% |
| Q3 2017 | 2017-02-28 | $21.41B | $869.1M | +4.23% |
| Q2 2017 | 2016-11-30 | $21.09B | $932.9M | +4.63% |
| Q1 2017 | 2016-08-31 | $20.43B | $776.0M | +3.95% |
| Q4 2016 | 2016-05-31 | $20.21B | $1.08B | +5.67% |
| Q3 2016 | 2016-02-29 | $20.54B | $1.76B | +9.38% |
| Q2 2016 | 2015-11-30 | $20.16B | $1.61B | +8.69% |
| Q1 2016 | 2015-08-31 | $19.65B | $1.42B | +7.77% |
| Q4 2015 | 2015-05-31 | $19.12B | $849.8M | +4.65% |
| Q3 2015 | 2015-02-28 | $18.78B | $174.1M | +0.94% |
| Q2 2015 | 2014-11-30 | $18.55B | $73.3M | +0.40% |
| Q1 2015 | 2014-08-31 | $18.24B | $11.1M | +0.06% |
| Q4 2014 | 2014-05-31 | $18.27B | $35.0M | +0.19% |
| Q3 2014 | 2014-02-28 | $18.60B | $1.31B | +7.60% |
| Q2 2014 | 2013-11-30 | $18.47B | $1.66B | +9.88% |
| Q1 2014 | 2013-08-31 | $18.22B | $1.37B | +8.11% |
| Q4 2013 | 2013-05-31 | $18.24B | $1.78B | +10.85% |
| Q3 2013 | 2013-02-28 | $17.29B | $145.0M | +0.85% |
| Q2 2013 | 2012-11-30 | $16.81B | $922.5M | +5.81% |
| Q1 2013 | 2012-08-31 | $16.86B | $809.1M | +5.04% |
| Q4 2012 | 2012-05-31 | $16.45B | −$388.3M | −2.31% |
| Q3 2012 | 2012-02-29 | $17.14B | — | — |
| Q2 2012 | 2011-11-30 | $15.89B | — | — |
| Q1 2012 | 2011-08-31 | $16.05B | — | — |
| Q4 2011 | 2011-05-31 | $16.84B | — | — |
National Rural Utilities Cooperative Finance net debt trends
Over the last five fiscal years, National Rural Utilities Cooperative Finance's net debt increased from $24.89B to $33.26B, a change of $8.37B. The latest reported quarter, Q4 2026, shows $33.26B.
About the metric
What net debt means
Net debt compares a company’s interest-bearing debt with its cash and cash equivalents. Positive net debt means debt exceeds cash, while a negative value indicates the company has more cash than debt on this measure.
Calculation and source
How net debt is calculated
TickerStat calculates net debt as total interest-bearing debt minus cash and cash equivalents at the same reporting-period end. Short-term investments are not subtracted because they are not included in the standardized cash series. Fiscal periods can differ from calendar years, so exact period-end dates are included.
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