What is Nelnet Cash-to-Debt?
Cash to Debt Ratio measures the financial strength of a company. It is calculated as a company's cash, cash equivalents, and marketable securities divide by its debt. Nelnet's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.01.
If Cash to Debt ratio is less than 1, the company cannot pay off its debt using the cash in hand. Here we can see, Nelnet couldn't pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.
The historical rank and industry rank for Nelnet's Cash-to-Debt or its related term are showing as below:
NNI'
s Cash-to-Debt Range Over the Past 10 Years
Min: 0 Med: 0.01 Max: 0.01
Current: 0.01
During the past 13 years, Nelnet's highest Cash to Debt Ratio was 0.01. The lowest was 0.00. And the median was 0.01.
Nelnet Cash-to-Debt Historical Data
The historical data trend for Nelnet's Cash-to-Debt can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Note: An indication of "No Debt" does not necessarily mean that the company has no debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.
Nelnet Cash-to-Debt Chart
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Nelnet Annual Data
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Trend |
Dec14 |
Dec15 |
Dec16 |
Dec17 |
Dec18 |
Dec19 |
Dec20 |
Dec21 |
Dec22 |
Dec23 |
| Cash-to-Debt |
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0.01 |
0.01 |
0.01 |
0.01 |
0.01 |
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Nelnet Quarterly Data
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Mar19 |
Jun19 |
Sep19 |
Dec19 |
Mar20 |
Jun20 |
Sep20 |
Dec20 |
Mar21 |
Jun21 |
Sep21 |
Dec21 |
Mar22 |
Jun22 |
Sep22 |
Dec22 |
Mar23 |
Jun23 |
Sep23 |
Dec23 |
| Cash-to-Debt |
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0.01 |
0.01 |
0.01 |
0.02 |
0.01 |
Competitive Comparison of Nelnet's Cash-to-Debt
For the Credit Services subindustry, Nelnet's Cash-to-Debt, along with its competitors' market caps and Cash-to-Debt data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Nelnet's Cash-to-Debt Distribution in the Credit Services Industry
For the Credit Services industry and Financial Services sector, Nelnet's Cash-to-Debt distribution charts can be found below:
* The bar in red indicates where Nelnet's Cash-to-Debt falls into.
Nelnet Cash-to-Debt Calculation
This is the ratio of a company's
Balance Sheet Cash And Cash Equivalents
to its debt. The debt includes the Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation. This ratio measures the financial strength of a company. This ratio is updated quarterly.
Nelnet's Cash to Debt Ratio for the fiscal year that ended in Dec. 2023 is calculated as:
Nelnet's Cash to Debt Ratio for the quarter that ended in Dec. 2023 is calculated as:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Nelnet (Nelnet) Business Description
Traded in Other Exchanges
Address
121 South 13th Street, Suite 100, Lincoln, NE, USA, 68508
Nelnet Inc is a United States based company engaged in these five segments; Loan Servicing and Systems focuses on student and consumer loan origination services and servicing, loan origination and servicing-related technology solutions, and outsourcing business services, Education Technology, Services, and Payment Processing provides education services, payment technology, and community management solutions for K-12 schools, institutions, churches, and businesses, Asset Generation and Management Includes the acquisition and management of student and other loan assets, Nelnet Bank focuses on the private education and unsecured consumer loan markets, and Communications provides fiber optic service for internet, telephone, and television services.
Executives
| William J Munn |
officer: Secy, Chief Legal Off, Gen Cou |
121 S. 13TH STREET, SUITE 100, LINCOLN NE 68508 |
| Van Deun Jona M |
director |
121 SOUTH 13TH STREET, SUITE 100, LINCOLN NE 68508 |
| Dan D Muhleisen |
10 percent owner |
6321 DOECREEK CIRCLE, LINCOLN NE 68516 |
| Preeta D Bansal |
director |
121 SOUTH 13TH STREET, SUITE 100, LINCOLN NE 68508 |
| David S Graff |
director |
121 SOUTH 13TH STREET, SUITE 100, LINCOLN NE 68508 |
| Kimberly Kay Rath |
director |
121 SOUTH 13TH STREET, SUITE 100, LINCOLN NE 68508 |
| Kathleen Anne Farrell |
director |
121 SOUTH 13TH STREET, SUITE 100, LINCOLN NE 68508 |
| Matthew W Dunlap |
director, officer: Chief Business Develop. Off. |
121 SOUTH 13TH STREET, SUITE 100, LINCOLN NE 68508 |
| Magnolia Capital Fund, Lp |
other: See remarks |
1601 DODGE STREET, SUITE 3300, OMAHA NE 68102 |
| Magnolia Group, Llc |
other: See remarks |
1601 DODGE STREET, SUITE 3300, OMAHA NE 68102 |
| Adam K Peterson |
director, other: See below |
1601 DODGE STREET, SUITE 3300, OMAHA NE 68102 |
| Shelby J Butterfield |
10 percent owner |
121 SOUTH 13TH STREET, SUITE 100, LINCOLN NE 68508 |
| Michael S Dunlap |
director, 10 percent owner, officer: Chairman, Co-Chief Ex. Officer |
121 SOUTH 13TH STREET, SUITE 100, LINCOLN NE 68508 |
| Joann M Martin |
director |
6221 ANDREW COURT, LINCOLN NE 68512 |
| Angie Mulheisen |
10 percent owner |
3643 S 48TH STREET P O BOX 82535, LINCOLN NE 68501-2535 |
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