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Nelnet Inc (NNI)
NYSE:NNI
US Market

Nelnet (NNI) Ratios

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Nelnet Ratios

NNI's free cash flow for Q3 2025 was $0.88. For the 2025 fiscal year, NNI's free cash flow was decreased by $ and operating cash flow was $0.53. See a summary of the company’s cash flow.
Ratios
TTM
Dec 24Dec 23Dec 22Dec 21
Liquidity Ratios
Current Ratio
0.58 0.00 1.19 22.22 2.70
Quick Ratio
0.58 0.00 1.02 5.22 -0.56
Cash Ratio
0.08 0.00 0.15 13.53 1.93
Solvency Ratio
0.05 0.01 0.08 0.06 0.07
Operating Cash Flow Ratio
0.18 0.00 0.05 4.30 0.37
Short-Term Operating Cash Flow Coverage
0.40 0.00 0.05 0.00 0.38
Net Current Asset Value
$ -8.74B$ -12.49B$ 1.21B$ -15.91B$ -18.46B
Leverage Ratios
Debt-to-Assets Ratio
0.56 0.69 0.76 0.81 0.85
Debt-to-Equity Ratio
2.14 3.56 4.58 5.97 7.34
Debt-to-Capital Ratio
0.68 0.78 0.82 0.86 0.88
Long-Term Debt-to-Capital Ratio
0.68 0.78 0.00 0.85 0.88
Financial Leverage Ratio
3.80 5.13 6.06 7.35 8.60
Debt Service Coverage Ratio
0.40 0.23 0.06 3.74 0.93
Interest Coverage Ratio
1.37 0.08 2.21 2.89 1.37
Debt to Market Cap
2.00 3.52 4.29 4.59 7.04
Interest Debt Per Share
229.71 333.15 400.69 469.32 510.33
Net Debt to EBITDA
9.50 53.49 12.26 20.53 19.70
Profitability Margins
Gross Profit Margin
74.77%52.97%58.06%58.85%52.71%
EBIT Margin
34.53%3.79%66.71%56.91%75.89%
EBITDA Margin
38.70%11.80%71.98%62.90%87.08%
Operating Profit Margin
34.53%3.79%67.62%41.31%42.72%
Pretax Profit Margin
27.00%3.79%36.24%40.74%42.46%
Net Profit Margin
20.98%4.95%28.97%31.91%33.22%
Continuous Operations Profit Margin
20.46%2.72%28.18%31.34%32.95%
Net Income Per EBT
77.70%130.72%79.96%78.33%78.24%
EBT Per EBIT
78.18%100.00%53.59%98.62%99.38%
Return on Assets (ROA)
3.13%0.54%2.10%1.81%1.56%
Return on Equity (ROE)
12.40%2.75%12.73%13.33%13.39%
Return on Capital Employed (ROCE)
6.37%0.41%20.07%2.36%2.05%
Return on Invested Capital (ROIC)
4.37%0.28%4.17%8.59%12.40%
Return on Tangible Assets
3.17%0.54%2.13%1.83%1.57%
Earnings Yield
9.55%2.72%11.94%10.61%12.85%
Efficiency Ratios
Receivables Turnover
0.11 0.00 6.22 7.19 10.83
Payables Turnover
27.41 24.11 16.35 111.07 17.48
Inventory Turnover
0.00 0.00 0.25 0.24 0.27
Fixed Asset Turnover
22.20 12.91 11.47 9.22 7.48
Asset Turnover
0.15 0.11 0.07 0.06 0.05
Working Capital Turnover Ratio
-2.53 1.32 0.52 0.67 1.63
Cash Conversion Cycle
3.38K -15.14 1.52K 1.60K 1.38K
Days of Sales Outstanding
3.39K 0.00 58.66 50.77 33.70
Days of Inventory Outstanding
0.00 0.00 1.49K 1.55K 1.37K
Days of Payables Outstanding
13.32 15.14 22.32 3.29 20.88
Operating Cycle
3.39K 0.00 1.54K 1.60K 1.40K
Cash Flow Ratios
Operating Cash Flow Per Share
12.83 11.57 18.19 14.36 5.53
Free Cash Flow Per Share
5.45 9.59 16.61 12.81 2.58
CapEx Per Share
0.48 1.98 1.58 1.55 2.94
Free Cash Flow to Operating Cash Flow
0.42 0.83 0.91 0.89 0.47
Dividend Paid and CapEx Coverage Ratio
7.94 3.82 7.12 5.83 1.47
Capital Expenditure Coverage Ratio
26.81 5.85 11.51 9.24 1.88
Operating Cash Flow Coverage Ratio
0.06 0.04 0.05 0.03 0.01
Operating Cash Flow to Sales Ratio
0.23 0.24 0.49 0.44 0.20
Free Cash Flow Yield
4.40%10.87%18.30%13.11%3.63%
Valuation Ratios
Price-to-Earnings (P/E) Ratio
10.47 36.75 8.38 9.42 7.78
Price-to-Sales (P/S) Ratio
2.17 1.82 2.43 3.01 2.59
Price-to-Book (P/B) Ratio
1.24 1.01 1.07 1.26 1.04
Price-to-Free Cash Flow (P/FCF) Ratio
22.71 9.20 5.46 7.63 27.57
Price-to-Operating Cash Flow Ratio
9.75 7.62 4.99 6.80 12.89
Price-to-Earnings Growth (PEG) Ratio
0.33 -0.47 1.99 0.72 0.05
Price-to-Fair Value
1.24 1.01 1.07 1.26 1.04
Enterprise Value Multiple
15.12 68.90 15.63 25.32 22.67
Enterprise Value
12.10B 14.75B 15.82B 19.62B 20.95B
EV to EBITDA
15.12 68.90 15.63 25.32 22.67
EV to Sales
5.85 8.13 11.25 15.92 19.74
EV to Free Cash Flow
61.15 41.10 25.33 40.38 210.54
EV to Operating Cash Flow
25.97 34.07 23.13 36.01 98.44
Tangible Book Value Per Share
93.54 80.69 78.70 72.71 62.62
Shareholders’ Equity Per Share
100.60 87.20 85.07 77.78 68.35
Tax and Other Ratios
Effective Tax Rate
0.24 0.28 0.22 0.23 0.22
Revenue Per Share
56.95 48.49 37.39 32.48 27.56
Net Income Per Share
11.95 2.40 10.83 10.37 9.15
Tax Burden
0.78 1.31 0.80 0.78 0.78
Interest Burden
0.78 1.00 0.54 0.72 0.56
Research & Development to Revenue
0.00 0.00 <0.01 <0.01 <0.01
SG&A to Revenue
0.33 0.00 0.42 0.41 0.47
Stock-Based Compensation to Revenue
<0.01 <0.01 0.01 <0.01 0.02
Income Quality
7.35 7.95 1.73 1.41 0.61
Currency in USD