Table Data - Financial Soundness Indicator, Nonfinancial Corporations; Total Debt as a Percent of Equity, Level
| Title | Financial Soundness Indicator, Nonfinancial Corporations; Total Debt as a Percent of Equity, Level |
|---|---|
| Series ID | BOGZ1FL010000286Q |
| Source | Board of Governors of the Federal Reserve System (US) |
| Release | Z.1 Financial Accounts of the United States |
| Seasonal Adjustment | Not Seasonally Adjusted |
| Frequency | Quarterly, End of Period |
| Units | Percent |
| Date Range | 1945-10-01 to 2026-04-01 |
| Last Updated | 2026-09-11 11:52 AM CDT |
| Notes | For more information about the Flow of Funds tables, see the Financial Accounts Guide. |
| DATE | VALUE |
|---|---|
| 1945-10-01 | 43.7277166535 |
| 1946-01-01 | . |
| 1946-04-01 | . |
| 1946-07-01 | . |
| 1946-10-01 | 46.7424281622 |
| 1947-01-01 | . |
| 1947-04-01 | . |
| 1947-07-01 | . |
| 1947-10-01 | 46.0888204571 |
| 1948-01-01 | . |
| 1948-04-01 | . |
| 1948-07-01 | . |
| 1948-10-01 | 46.2811258159 |
| 1949-01-01 | . |
| 1949-04-01 | . |
| 1949-07-01 | . |
| 1949-10-01 | 45.4631640330 |
| 1950-01-01 | . |
| 1950-04-01 | . |
| 1950-07-01 | . |
| 1950-10-01 | 50.1600174038 |
| 1951-01-01 | . |
| 1951-04-01 | . |
| 1951-07-01 | . |
| 1951-10-01 | 59.1800954467 |
| 1952-01-01 | 57.5683031508 |
| 1952-04-01 | 58.7769655249 |
| 1952-07-01 | 60.1079562260 |
| 1952-10-01 | 56.1974954769 |
| 1953-01-01 | 53.3704500010 |
| 1953-04-01 | 48.8157201851 |
| 1953-07-01 | 47.5108050140 |
| 1953-10-01 | 54.4165500497 |
| 1954-01-01 | 57.4797833987 |
| 1954-04-01 | 63.6163899724 |
| 1954-07-01 | 74.8342020976 |
| 1954-10-01 | 78.3879486256 |
| 1955-01-01 | 80.4046550882 |
| 1955-04-01 | 93.1617406842 |
| 1955-07-01 | 102.6714303114 |
| 1955-10-01 | 104.8514871078 |
| 1956-01-01 | 110.0391505360 |
| 1956-04-01 | 102.2315206619 |
| 1956-07-01 | 96.3230063314 |
| 1956-10-01 | 108.9357945475 |
| 1957-01-01 | 96.7744149927 |
| 1957-04-01 | 105.6736583104 |
| 1957-07-01 | 90.0861802888 |
| 1957-10-01 | 91.9121586866 |
| 1958-01-01 | 97.6118445431 |
| 1958-04-01 | 105.8688493582 |
| 1958-07-01 | 126.3088444414 |
| 1958-10-01 | 137.8455326306 |
| 1959-01-01 | 140.7379290379 |
| 1959-04-01 | 150.4757140647 |
| 1959-07-01 | 142.9745031776 |
| 1959-10-01 | 161.8820038448 |
| 1960-01-01 | 142.2993860488 |
| 1960-04-01 | 148.4653194288 |
| 1960-07-01 | 128.4550955935 |
| 1960-10-01 | 164.2214008465 |
| 1961-01-01 | 204.2796973566 |
| 1961-04-01 | 200.3355143625 |
| 1961-07-01 | 209.7959802232 |
| 1961-10-01 | 227.0283396973 |
| 1962-01-01 | 220.7649852887 |
| 1962-04-01 | 223.6496765370 |
| 1962-07-01 | 219.2899935263 |
| 1962-10-01 | 216.2961224849 |
| 1963-01-01 | 211.0404272095 |
| 1963-04-01 | 207.4217724461 |
| 1963-07-01 | 203.1825989748 |
| 1963-10-01 | 204.9006179040 |
| 1964-01-01 | 197.3568758253 |
| 1964-04-01 | 191.6759861251 |
| 1964-07-01 | 187.9337934254 |
| 1964-10-01 | 189.3289008303 |
| 1965-01-01 | 185.0897627950 |
| 1965-04-01 | 183.2786233825 |
| 1965-07-01 | 178.8526822639 |
| 1965-10-01 | 172.1925568465 |
| 1966-01-01 | 170.0815944836 |
| 1966-04-01 | 165.6378302186 |
| 1966-07-01 | 166.2403899971 |
| 1966-10-01 | 164.4260297573 |
| 1967-01-01 | 158.7926628947 |
| 1967-04-01 | 155.9706941767 |
| 1967-07-01 | 151.5909822176 |
| 1967-10-01 | 150.0655633790 |
| 1968-01-01 | 149.8296458785 |
| 1968-04-01 | 144.6120354230 |
| 1968-07-01 | 143.4340252144 |
| 1968-10-01 | 141.2281643594 |
| 1969-01-01 | 139.5285684017 |
| 1969-04-01 | 138.7650091657 |
| 1969-07-01 | 138.0575010447 |
| 1969-10-01 | 136.5042358544 |
| 1970-01-01 | 135.2995790550 |
| 1970-04-01 | 135.5962858395 |
| 1970-07-01 | 132.8753596388 |
| 1970-10-01 | 129.2879541989 |
| 1971-01-01 | 123.9473554005 |
| 1971-04-01 | 121.7725060698 |
| 1971-07-01 | 119.1559690138 |
| 1971-10-01 | 117.0146005687 |
| 1972-01-01 | 112.4923341392 |
| 1972-04-01 | 110.8938184037 |
| 1972-07-01 | 109.6842147725 |
| 1972-10-01 | 105.4704974325 |
| 1973-01-01 | 104.6933655625 |
| 1973-04-01 | 104.9570156813 |
| 1973-07-01 | 102.5920432142 |
| 1973-10-01 | 103.4222937892 |
| 1974-01-01 | 100.2048435819 |
| 1974-04-01 | 98.4365085888 |
| 1974-07-01 | 96.2644085604 |
| 1974-10-01 | 79.7760706694 |
| 1975-01-01 | 101.9767330395 |
| 1975-04-01 | 97.1698312819 |
| 1975-07-01 | 98.5666869473 |
| 1975-10-01 | 96.3279847972 |
| 1976-01-01 | 93.8432998427 |
| 1976-04-01 | 92.0203511846 |
| 1976-07-01 | 91.8227553418 |
| 1976-10-01 | 87.5964887257 |
| 1977-01-01 | 87.5708600577 |
| 1977-04-01 | 86.1225128834 |
| 1977-07-01 | 86.0876267304 |
| 1977-10-01 | 85.5529916186 |
| 1978-01-01 | 85.9204137214 |
| 1978-04-01 | 83.7099185020 |
| 1978-07-01 | 81.6225951713 |
| 1978-10-01 | 81.1488071278 |
| 1979-01-01 | 80.5677544713 |
| 1979-04-01 | 78.9621295712 |
| 1979-07-01 | 77.8853594571 |
| 1979-10-01 | 77.3144903430 |
| 1980-01-01 | 78.5143487991 |
| 1980-04-01 | 76.2326432929 |
| 1980-07-01 | 75.2699159480 |
| 1980-10-01 | 73.7672391776 |
| 1981-01-01 | 75.8849656781 |
| 1981-04-01 | 75.1589387852 |
| 1981-07-01 | 76.9039416079 |
| 1981-10-01 | 74.9725742366 |
| 1982-01-01 | 75.2002871485 |
| 1982-04-01 | 75.0840910100 |
| 1982-07-01 | 74.3525571822 |
| 1982-10-01 | 73.1039665481 |
| 1983-01-01 | 72.0204331468 |
| 1983-04-01 | 71.2260394873 |
| 1983-07-01 | 72.6591767847 |
| 1983-10-01 | 72.9346676240 |
| 1984-01-01 | 77.5275985084 |
| 1984-04-01 | 80.6534836314 |
| 1984-07-01 | 80.1310463374 |
| 1984-10-01 | 78.9749291249 |
| 1985-01-01 | 81.0921895019 |
| 1985-04-01 | 81.7435906578 |
| 1985-07-01 | 84.7901991359 |
| 1985-10-01 | 78.9044790888 |
| 1986-01-01 | 76.7129896702 |
| 1986-04-01 | 76.9423085853 |
| 1986-07-01 | 80.8204270254 |
| 1986-10-01 | 79.8603389981 |
| 1987-01-01 | 76.6637305558 |
| 1987-04-01 | 76.4474044862 |
| 1987-07-01 | 75.8237139696 |
| 1987-10-01 | 83.7275661616 |
| 1988-01-01 | 84.8528283860 |
| 1988-04-01 | 84.7581643840 |
| 1988-07-01 | 85.7345404044 |
| 1988-10-01 | 87.3226245022 |
| 1989-01-01 | 86.5722505011 |
| 1989-04-01 | 86.8229626013 |
| 1989-07-01 | 86.6596538714 |
| 1989-10-01 | 87.4006104304 |
| 1990-01-01 | 89.9021349131 |
| 1990-04-01 | 88.9367311508 |
| 1990-07-01 | 93.2434615650 |
| 1990-10-01 | 94.7298547350 |
| 1991-01-01 | 92.8098760079 |
| 1991-04-01 | 93.5338236978 |
| 1991-07-01 | 95.2940142122 |
| 1991-10-01 | 94.8744492338 |
| 1992-01-01 | 103.5804329943 |
| 1992-04-01 | 104.3924284163 |
| 1992-07-01 | 106.1512866016 |
| 1992-10-01 | 108.2634396816 |
| 1993-01-01 | 108.5296802136 |
| 1993-04-01 | 108.9555336769 |
| 1993-07-01 | 108.1139266318 |
| 1993-10-01 | 104.6299310162 |
| 1994-01-01 | 105.6923595718 |
| 1994-04-01 | 104.4328605851 |
| 1994-07-01 | 101.4858509839 |
| 1994-10-01 | 99.8776313181 |
| 1995-01-01 | 98.0175409085 |
| 1995-04-01 | 95.9127964439 |
| 1995-07-01 | 94.6580639062 |
| 1995-10-01 | 92.6778650458 |
| 1996-01-01 | 92.5952985541 |
| 1996-04-01 | 92.2437473028 |
| 1996-07-01 | 92.3034026256 |
| 1996-10-01 | 87.4503086950 |
| 1997-01-01 | 85.7076255666 |
| 1997-04-01 | 82.3494027403 |
| 1997-07-01 | 79.9290553998 |
| 1997-10-01 | 76.2592586533 |
| 1998-01-01 | 75.2725167866 |
| 1998-04-01 | 76.4689750107 |
| 1998-07-01 | 81.2362702768 |
| 1998-10-01 | 77.4696275570 |
| 1999-01-01 | 80.4769231019 |
| 1999-04-01 | 79.8707174019 |
| 1999-07-01 | 82.2207868001 |
| 1999-10-01 | 76.4224227842 |
| 2000-01-01 | 78.4149826768 |
| 2000-04-01 | 79.9640845824 |
| 2000-07-01 | 79.9956675793 |
| 2000-10-01 | 81.7232492124 |
| 2001-01-01 | 86.5838954951 |
| 2001-04-01 | 85.8634256633 |
| 2001-07-01 | 89.2267056550 |
| 2001-10-01 | 92.6825535951 |
| 2002-01-01 | 92.6231807648 |
| 2002-04-01 | 95.0814346891 |
| 2002-07-01 | 96.9782712948 |
| 2002-10-01 | 97.4925598242 |
| 2003-01-01 | 95.4809275123 |
| 2003-04-01 | 91.7513364154 |
| 2003-07-01 | 91.6869608781 |
| 2003-10-01 | 84.4038457731 |
| 2004-01-01 | 81.9880023069 |
| 2004-04-01 | 79.7996869111 |
| 2004-07-01 | 78.3459209191 |
| 2004-10-01 | 76.0438032339 |
| 2005-01-01 | 76.0675696330 |
| 2005-04-01 | 75.9151370498 |
| 2005-07-01 | 74.0822882894 |
| 2005-10-01 | 72.2504530174 |
| 2006-01-01 | 70.9197101640 |
| 2006-04-01 | 70.8384790484 |
| 2006-07-01 | 69.3322575762 |
| 2006-10-01 | 67.0487569430 |
| 2007-01-01 | 66.8976375704 |
| 2007-04-01 | 65.4876574827 |
| 2007-07-01 | 65.5985970271 |
| 2007-10-01 | 67.6034399704 |
| 2008-01-01 | 74.7554410476 |
| 2008-04-01 | 76.5434444394 |
| 2008-07-01 | 83.0927117864 |
| 2008-10-01 | 95.4861308128 |
| 2009-01-01 | 100.2926581409 |
| 2009-04-01 | 103.8119008485 |
| 2009-07-01 | 98.0690720390 |
| 2009-10-01 | 97.9383311840 |
| 2010-01-01 | 95.8857788489 |
| 2010-04-01 | 97.2361049658 |
| 2010-07-01 | 94.0698891745 |
| 2010-10-01 | 101.5716122906 |
| 2011-01-01 | 98.6977378146 |
| 2011-04-01 | 99.6306632766 |
| 2011-07-01 | 109.8399190406 |
| 2011-10-01 | 106.8030189060 |
| 2012-01-01 | 104.1455533671 |
| 2012-04-01 | 107.2385872374 |
| 2012-07-01 | 104.8135099962 |
| 2012-10-01 | 105.8866152404 |
| 2013-01-01 | 104.5440657201 |
| 2013-04-01 | 104.6963702636 |
| 2013-07-01 | 100.4619201137 |
| 2013-10-01 | 97.7960957183 |
| 2014-01-01 | 99.3388355171 |
| 2014-04-01 | 95.6164157999 |
| 2014-07-01 | 98.0190341320 |
| 2014-10-01 | 100.1922746688 |
| 2015-01-01 | 98.9277994310 |
| 2015-04-01 | 100.1094442327 |
| 2015-07-01 | 106.5934933443 |
| 2015-10-01 | 107.7172142121 |
| 2016-01-01 | 110.2822059100 |
| 2016-04-01 | 109.0095441520 |
| 2016-07-01 | 105.0451742721 |
| 2016-10-01 | 106.0605782063 |
| 2017-01-01 | 103.6333798743 |
| 2017-04-01 | 97.5498792003 |
| 2017-07-01 | 97.0732595072 |
| 2017-10-01 | 92.8054187726 |
| 2018-01-01 | 94.4909250350 |
| 2018-04-01 | 95.3080490542 |
| 2018-07-01 | 95.8823244585 |
| 2018-10-01 | 103.5010816250 |
| 2019-01-01 | 102.4693811716 |
| 2019-04-01 | 99.2106242355 |
| 2019-07-01 | 101.0771693475 |
| 2019-10-01 | 100.3577261486 |
| 2020-01-01 | 110.6038723653 |
| 2020-04-01 | 105.3763150512 |
| 2020-07-01 | 99.3461528676 |
| 2020-10-01 | 91.4399149687 |
| 2021-01-01 | 89.3581964383 |
| 2021-04-01 | 84.9177561364 |
| 2021-07-01 | 80.8740303484 |
| 2021-10-01 | 78.5406955868 |
| 2022-01-01 | 83.6027273893 |
| 2022-04-01 | 90.8378389878 |
| 2022-07-01 | 95.3733564646 |
| 2022-10-01 | 93.9541941074 |
| 2023-01-01 | 92.5344449550 |
| 2023-04-01 | 90.9169835648 |
| 2023-07-01 | 94.6773115168 |
| 2023-10-01 | 94.2460224226 |
| 2024-01-01 | 89.4195027138 |
| 2024-04-01 | 88.6261465004 |
| 2024-07-01 | 87.9492039915 |
| 2024-10-01 | 87.8258604092 |
| 2025-01-01 | 90.8101743260 |
| 2025-04-01 | 87.7714194146 |
| 2025-07-01 | 83.2403980144 |
| 2025-10-01 | 82.1262622593 |
| 2026-01-01 | 82.5673576366 |
| 2026-04-01 | 81.0661613830 |