Table Data - Nonfinancial Corporate Business; Debt as a Percentage of the Market Value of Corporate Equities, Level
| Title | Nonfinancial Corporate Business; Debt as a Percentage of the Market Value of Corporate Equities, Level |
|---|---|
| Series ID | NCBCMDPMVCE |
| 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 11:56 AM CDT |
| Notes | For more information about the Flow of Funds tables, see the Financial Accounts Guide. |
| DATE | VALUE |
|---|---|
| 1945-10-01 | 42.5762314308 |
| 1946-01-01 | . |
| 1946-04-01 | . |
| 1946-07-01 | . |
| 1946-10-01 | 50.6604520807 |
| 1947-01-01 | . |
| 1947-04-01 | . |
| 1947-07-01 | . |
| 1947-10-01 | 58.9241721408 |
| 1948-01-01 | . |
| 1948-04-01 | . |
| 1948-07-01 | . |
| 1948-10-01 | 65.7521957143 |
| 1949-01-01 | . |
| 1949-04-01 | . |
| 1949-07-01 | . |
| 1949-10-01 | 61.1420324532 |
| 1950-01-01 | . |
| 1950-04-01 | . |
| 1950-07-01 | . |
| 1950-10-01 | 54.8038185935 |
| 1951-01-01 | . |
| 1951-04-01 | . |
| 1951-07-01 | . |
| 1951-10-01 | 52.6910254612 |
| 1952-01-01 | 51.9461955248 |
| 1952-04-01 | 50.5590435354 |
| 1952-07-01 | 51.8736957232 |
| 1952-10-01 | 57.1685868798 |
| 1953-01-01 | 59.5160546829 |
| 1953-04-01 | 64.1696907368 |
| 1953-07-01 | 67.1004397992 |
| 1953-10-01 | 60.9167599443 |
| 1954-01-01 | 56.7998790505 |
| 1954-04-01 | 51.4831333626 |
| 1954-07-01 | 46.8441443663 |
| 1954-10-01 | 47.0189760912 |
| 1955-01-01 | 45.7574041344 |
| 1955-04-01 | 41.7787861401 |
| 1955-07-01 | 39.7281037389 |
| 1955-10-01 | 40.9627992812 |
| 1956-01-01 | 39.0520507051 |
| 1956-04-01 | 41.4427100034 |
| 1956-07-01 | 43.1151797896 |
| 1956-10-01 | 40.8665996369 |
| 1957-01-01 | 44.1459536168 |
| 1957-04-01 | 42.1043850252 |
| 1957-07-01 | 47.3899560790 |
| 1957-10-01 | 48.4271503240 |
| 1958-01-01 | 46.2185070748 |
| 1958-04-01 | 43.7045270028 |
| 1958-07-01 | 39.5660755786 |
| 1958-10-01 | 38.9856631043 |
| 1959-01-01 | 38.3851921582 |
| 1959-04-01 | 37.6665962404 |
| 1959-07-01 | 38.6603309247 |
| 1959-10-01 | 37.3287931312 |
| 1960-01-01 | 40.4159748318 |
| 1960-04-01 | 40.2162036102 |
| 1960-07-01 | 43.6193956456 |
| 1960-10-01 | 39.4280305902 |
| 1961-01-01 | 35.1089345380 |
| 1961-04-01 | 35.5207203481 |
| 1961-07-01 | 34.6733986591 |
| 1961-10-01 | 34.6236432600 |
| 1962-01-01 | 35.5809626945 |
| 1962-04-01 | 47.5169018469 |
| 1962-07-01 | 45.3886253349 |
| 1962-10-01 | 38.1214320361 |
| 1963-01-01 | 36.4031193443 |
| 1963-04-01 | 35.3703637243 |
| 1963-07-01 | 34.2579076908 |
| 1963-10-01 | 37.0278026372 |
| 1964-01-01 | 35.1591524410 |
| 1964-04-01 | 34.8337248882 |
| 1964-07-01 | 34.0775731416 |
| 1964-10-01 | 34.1228667455 |
| 1965-01-01 | 34.0459027656 |
| 1965-04-01 | 36.3453335734 |
| 1965-07-01 | 33.9198227277 |
| 1965-10-01 | 33.1040711319 |
| 1966-01-01 | 34.9337430476 |
| 1966-04-01 | 37.9159162539 |
| 1966-07-01 | 42.8767944960 |
| 1966-10-01 | 42.0899379115 |
| 1967-01-01 | 37.8085874564 |
| 1967-04-01 | 38.0161292067 |
| 1967-07-01 | 36.4548875585 |
| 1967-10-01 | 35.5382743310 |
| 1968-01-01 | 39.8514657684 |
| 1968-04-01 | 36.6738347853 |
| 1968-07-01 | 37.5664758837 |
| 1968-10-01 | 33.7537572173 |
| 1969-01-01 | 36.2997906669 |
| 1969-04-01 | 39.0017774672 |
| 1969-07-01 | 41.4088844274 |
| 1969-10-01 | 44.9393000564 |
| 1970-01-01 | 49.5215730989 |
| 1970-04-01 | 64.0157862494 |
| 1970-07-01 | 55.7045371746 |
| 1970-10-01 | 51.3687769764 |
| 1971-01-01 | 47.4845422648 |
| 1971-04-01 | 48.4846026704 |
| 1971-07-01 | 50.1859436901 |
| 1971-10-01 | 47.4536685748 |
| 1972-01-01 | 45.9646732961 |
| 1972-04-01 | 47.0096021482 |
| 1972-07-01 | 46.7246107465 |
| 1972-10-01 | 41.9052808393 |
| 1973-01-01 | 45.9345926336 |
| 1973-04-01 | 51.2717247560 |
| 1973-07-01 | 50.3716930230 |
| 1973-10-01 | 61.6599321433 |
| 1974-01-01 | 65.2363155690 |
| 1974-04-01 | 73.3794037536 |
| 1974-07-01 | 99.2155252227 |
| 1974-10-01 | 98.6475208126 |
| 1975-01-01 | 81.1472032370 |
| 1975-04-01 | 70.9029928910 |
| 1975-07-01 | 79.8661545235 |
| 1975-10-01 | 75.1319056989 |
| 1976-01-01 | 65.7509439752 |
| 1976-04-01 | 65.7379269723 |
| 1976-07-01 | 65.8978022577 |
| 1976-10-01 | 64.5049977068 |
| 1977-01-01 | 71.3063139329 |
| 1977-04-01 | 71.3546491983 |
| 1977-07-01 | 75.8175706033 |
| 1977-10-01 | 80.8489687493 |
| 1978-01-01 | 87.5406570424 |
| 1978-04-01 | 84.1698916652 |
| 1978-07-01 | 79.6190728415 |
| 1978-10-01 | 84.9219865512 |
| 1979-01-01 | 82.4321620790 |
| 1979-04-01 | 84.0468762031 |
| 1979-07-01 | 80.8697171103 |
| 1979-10-01 | 79.3222582917 |
| 1980-01-01 | 85.9772859610 |
| 1980-04-01 | 77.1925719420 |
| 1980-07-01 | 69.6759514627 |
| 1980-10-01 | 64.3000234853 |
| 1981-01-01 | 65.1957363252 |
| 1981-04-01 | 69.5204894051 |
| 1981-07-01 | 82.4494018039 |
| 1981-10-01 | 77.6990362303 |
| 1982-01-01 | 92.2394268944 |
| 1982-04-01 | 96.1356681401 |
| 1982-07-01 | 90.0190077962 |
| 1982-10-01 | 76.9198120893 |
| 1983-01-01 | 71.7869746056 |
| 1983-04-01 | 65.0627326004 |
| 1983-07-01 | 67.3307429118 |
| 1983-10-01 | 72.1225244455 |
| 1984-01-01 | 79.3142619577 |
| 1984-04-01 | 86.5845963790 |
| 1984-07-01 | 84.2827215577 |
| 1984-10-01 | 87.8382491642 |
| 1985-01-01 | 83.4691727144 |
| 1985-04-01 | 82.3135269703 |
| 1985-07-01 | 88.7199066709 |
| 1985-10-01 | 79.6516624519 |
| 1986-01-01 | 73.6121843150 |
| 1986-04-01 | 72.6294192155 |
| 1986-07-01 | 81.5563740854 |
| 1986-10-01 | 76.9476742277 |
| 1987-01-01 | 65.9464595438 |
| 1987-04-01 | 65.7384823419 |
| 1987-07-01 | 63.4719544520 |
| 1987-10-01 | 82.1286256879 |
| 1988-01-01 | 79.6254616719 |
| 1988-04-01 | 78.5225821768 |
| 1988-07-01 | 80.9362983913 |
| 1988-10-01 | 79.8246916145 |
| 1989-01-01 | 78.7712160921 |
| 1989-04-01 | 76.3700632518 |
| 1989-07-01 | 71.6994366215 |
| 1989-10-01 | 69.7949794442 |
| 1990-01-01 | 73.9105822285 |
| 1990-04-01 | 72.1462345560 |
| 1990-07-01 | 83.5157088295 |
| 1990-10-01 | 76.9671195170 |
| 1991-01-01 | 67.7637067748 |
| 1991-04-01 | 68.6899745888 |
| 1991-07-01 | 64.9987358930 |
| 1991-10-01 | 56.4229250757 |
| 1992-01-01 | 57.8368290640 |
| 1992-04-01 | 58.3244542548 |
| 1992-07-01 | 56.9904802843 |
| 1992-10-01 | 52.2323162601 |
| 1993-01-01 | 51.7553323302 |
| 1993-04-01 | 52.3484520553 |
| 1993-07-01 | 51.6408773509 |
| 1993-10-01 | 50.0693219607 |
| 1994-01-01 | 53.3886218931 |
| 1994-04-01 | 55.1678476319 |
| 1994-07-01 | 52.9773452613 |
| 1994-10-01 | 53.9128634836 |
| 1995-01-01 | 51.5229141859 |
| 1995-04-01 | 48.9698731305 |
| 1995-07-01 | 46.0207062045 |
| 1995-10-01 | 43.2656770842 |
| 1996-01-01 | 42.2221525143 |
| 1996-04-01 | 41.2187918840 |
| 1996-07-01 | 41.2305430836 |
| 1996-10-01 | 39.3697247387 |
| 1997-01-01 | 39.9802452152 |
| 1997-04-01 | 35.9550112302 |
| 1997-07-01 | 34.3066313352 |
| 1997-10-01 | 33.8449541200 |
| 1998-01-01 | 31.0567758262 |
| 1998-04-01 | 31.6401183796 |
| 1998-07-01 | 35.4064786912 |
| 1998-10-01 | 30.0054296568 |
| 1999-01-01 | 30.4165416457 |
| 1999-04-01 | 28.6163477808 |
| 1999-07-01 | 30.5600723823 |
| 1999-10-01 | 25.6209876453 |
| 2000-01-01 | 25.0840970538 |
| 2000-04-01 | 26.5696028585 |
| 2000-07-01 | 27.3348478695 |
| 2000-10-01 | 31.3311991204 |
| 2001-01-01 | 34.9617101516 |
| 2001-04-01 | 33.4490825854 |
| 2001-07-01 | 38.9521668641 |
| 2001-10-01 | 36.1019622407 |
| 2002-01-01 | 35.9579126630 |
| 2002-04-01 | 40.5274443673 |
| 2002-07-01 | 47.0723535978 |
| 2002-10-01 | 46.7439080119 |
| 2003-01-01 | 47.6464800195 |
| 2003-04-01 | 42.3401505836 |
| 2003-07-01 | 41.1020064015 |
| 2003-10-01 | 36.6307602693 |
| 2004-01-01 | 36.0040899570 |
| 2004-04-01 | 35.4150289297 |
| 2004-07-01 | 36.4238542003 |
| 2004-10-01 | 33.9324414051 |
| 2005-01-01 | 34.3249813862 |
| 2005-04-01 | 34.2723235138 |
| 2005-07-01 | 33.4463762033 |
| 2005-10-01 | 34.0376417256 |
| 2006-01-01 | 32.3971456360 |
| 2006-04-01 | 34.1523353673 |
| 2006-07-01 | 33.4253593944 |
| 2006-10-01 | 32.3862576942 |
| 2007-01-01 | 31.7502365180 |
| 2007-04-01 | 31.3607150546 |
| 2007-07-01 | 31.9032504169 |
| 2007-10-01 | 33.9881719840 |
| 2008-01-01 | 37.4802617844 |
| 2008-04-01 | 38.6120769817 |
| 2008-07-01 | 43.2876406533 |
| 2008-10-01 | 54.1444867039 |
| 2009-01-01 | 59.7777025684 |
| 2009-04-01 | 52.0044213098 |
| 2009-07-01 | 44.3217620134 |
| 2009-10-01 | 41.0132985964 |
| 2010-01-01 | 39.2020670984 |
| 2010-04-01 | 43.3402751148 |
| 2010-07-01 | 39.2797603801 |
| 2010-10-01 | 35.4437781173 |
| 2011-01-01 | 33.5621835033 |
| 2011-04-01 | 34.1211328814 |
| 2011-07-01 | 40.3190803104 |
| 2011-10-01 | 37.2746573250 |
| 2012-01-01 | 34.2728974821 |
| 2012-04-01 | 35.6277566622 |
| 2012-07-01 | 34.1104052207 |
| 2012-10-01 | 35.4771382755 |
| 2013-01-01 | 31.9504539814 |
| 2013-04-01 | 32.0198984642 |
| 2013-07-01 | 31.0236936040 |
| 2013-10-01 | 29.1350198265 |
| 2014-01-01 | 28.8969094560 |
| 2014-04-01 | 28.0123027835 |
| 2014-07-01 | 28.6054637958 |
| 2014-10-01 | 28.0128972569 |
| 2015-01-01 | 28.3158099426 |
| 2015-04-01 | 29.3880218987 |
| 2015-07-01 | 32.1337985542 |
| 2015-10-01 | 30.9907815072 |
| 2016-01-01 | 31.1358364051 |
| 2016-04-01 | 30.6356763676 |
| 2016-07-01 | 30.0144526050 |
| 2016-10-01 | 29.7177634548 |
| 2017-01-01 | 28.6740239882 |
| 2017-04-01 | 28.5878596580 |
| 2017-07-01 | 27.9318927846 |
| 2017-10-01 | 26.9967314420 |
| 2018-01-01 | 27.5922590492 |
| 2018-04-01 | 27.7073449859 |
| 2018-07-01 | 26.3765260901 |
| 2018-10-01 | 31.1901796452 |
| 2019-01-01 | 28.0222033503 |
| 2019-04-01 | 27.6381969853 |
| 2019-07-01 | 27.9237938776 |
| 2019-10-01 | 26.2324000734 |
| 2020-01-01 | 36.9134227780 |
| 2020-04-01 | 31.3216968576 |
| 2020-07-01 | 28.1983682688 |
| 2020-10-01 | 24.5032739475 |
| 2021-01-01 | 23.2674152572 |
| 2021-04-01 | 21.8925834899 |
| 2021-07-01 | 22.1402689725 |
| 2021-10-01 | 21.0459783969 |
| 2022-01-01 | 22.6683337688 |
| 2022-04-01 | 27.6833145823 |
| 2022-07-01 | 29.1732073545 |
| 2022-10-01 | 27.8298423355 |
| 2023-01-01 | 26.3304591044 |
| 2023-04-01 | 24.5608541047 |
| 2023-07-01 | 25.6402695736 |
| 2023-10-01 | 23.3908514335 |
| 2024-01-01 | 21.6384578192 |
| 2024-04-01 | 21.4015298026 |
| 2024-07-01 | 20.4746886206 |
| 2024-10-01 | 20.0457931948 |
| 2025-01-01 | 21.2475785053 |
| 2025-04-01 | 19.6187844074 |
| 2025-07-01 | 18.4885323204 |
| 2025-10-01 | 18.2729598142 |
| 2026-01-01 | 19.1433499119 |
| 2026-04-01 | 16.5806516479 |