Table Data - Nonfinancial Corporate Business; Debt as a Percentage of Net Worth (Historical Cost), Level
| Title | Nonfinancial Corporate Business; Debt as a Percentage of Net Worth (Historical Cost), Level |
|---|---|
| Series ID | NCBCMDPNWHC |
| 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 2025-10-01 |
| Last Updated | 2026-03-19 12:00 PM CDT |
| Notes | For more information about the Flow of Funds tables, see the Financial Accounts Guide. |
| DATE | VALUE |
|---|---|
| 1945-10-01 | 42.038316701186220 |
| 1946-01-01 | . |
| 1946-04-01 | . |
| 1946-07-01 | . |
| 1946-10-01 | 44.813387587916680 |
| 1947-01-01 | . |
| 1947-04-01 | . |
| 1947-07-01 | . |
| 1947-10-01 | 46.172880666802190 |
| 1948-01-01 | . |
| 1948-04-01 | . |
| 1948-07-01 | . |
| 1948-10-01 | 46.972105892910560 |
| 1949-01-01 | . |
| 1949-04-01 | . |
| 1949-07-01 | . |
| 1949-10-01 | 45.467023462377590 |
| 1950-01-01 | . |
| 1950-04-01 | . |
| 1950-07-01 | . |
| 1950-10-01 | 45.745718572013060 |
| 1951-01-01 | . |
| 1951-04-01 | . |
| 1951-07-01 | . |
| 1951-10-01 | 52.623522896357535 |
| 1952-01-01 | 52.209015400928120 |
| 1952-04-01 | 53.484442148897150 |
| 1952-07-01 | 53.265498434827514 |
| 1952-10-01 | 50.788581591606290 |
| 1953-01-01 | 49.067374558985360 |
| 1953-04-01 | 46.182744820221096 |
| 1953-07-01 | 44.655724114224470 |
| 1953-10-01 | 48.509065611548330 |
| 1954-01-01 | 51.042400226436456 |
| 1954-04-01 | 55.033911031615700 |
| 1954-07-01 | 61.590460748547486 |
| 1954-10-01 | 63.284347138533680 |
| 1955-01-01 | 63.875492427856760 |
| 1955-04-01 | 74.664120105828370 |
| 1955-07-01 | 82.441917859513550 |
| 1955-10-01 | 85.851039466653100 |
| 1956-01-01 | 96.575905591081120 |
| 1956-04-01 | 87.312248731299020 |
| 1956-07-01 | 81.182346914175500 |
| 1956-10-01 | 95.742217160212600 |
| 1957-01-01 | 82.789958366448180 |
| 1957-04-01 | 93.906526213827360 |
| 1957-07-01 | 75.514131897711960 |
| 1957-10-01 | 77.845822255491580 |
| 1958-01-01 | 83.527179144111230 |
| 1958-04-01 | 92.728578843246240 |
| 1958-07-01 | 116.748393642204920 |
| 1958-10-01 | 132.716703656841800 |
| 1959-01-01 | 134.546774008290780 |
| 1959-04-01 | 149.863684383910230 |
| 1959-07-01 | 131.497224613375270 |
| 1959-10-01 | 165.092303974870100 |
| 1960-01-01 | 123.286356608434470 |
| 1960-04-01 | 131.793686447391700 |
| 1960-07-01 | 101.913902053712460 |
| 1960-10-01 | 153.524648072968830 |
| 1961-01-01 | 243.755527267854770 |
| 1961-04-01 | 222.214398555630800 |
| 1961-07-01 | 242.114032081721900 |
| 1961-10-01 | 297.525913537270750 |
| 1962-01-01 | 257.502135141924100 |
| 1962-04-01 | 258.967584662010800 |
| 1962-07-01 | 232.754894053816230 |
| 1962-10-01 | 220.954260380622800 |
| 1963-01-01 | 200.600820740127320 |
| 1963-04-01 | 186.395434216674430 |
| 1963-07-01 | 172.094036276090000 |
| 1963-10-01 | 172.643863857117370 |
| 1964-01-01 | 158.406689505950230 |
| 1964-04-01 | 152.164201221009480 |
| 1964-07-01 | 143.616876810964870 |
| 1964-10-01 | 146.361243292497700 |
| 1965-01-01 | 140.002985335449750 |
| 1965-04-01 | 136.772177712030190 |
| 1965-07-01 | 127.843364074923850 |
| 1965-10-01 | 118.968240362967260 |
| 1966-01-01 | 115.881012699428770 |
| 1966-04-01 | 115.583982780761450 |
| 1966-07-01 | 114.319732009524960 |
| 1966-10-01 | 115.190841204688180 |
| 1967-01-01 | 110.683328618270000 |
| 1967-04-01 | 110.311446301743320 |
| 1967-07-01 | 106.098179019825440 |
| 1967-10-01 | 105.028679350867360 |
| 1968-01-01 | 106.157176116796800 |
| 1968-04-01 | 103.023805896244380 |
| 1968-07-01 | 101.969002610811780 |
| 1968-10-01 | 101.974748534227440 |
| 1969-01-01 | 100.845240422037280 |
| 1969-04-01 | 101.770079939094000 |
| 1969-07-01 | 101.337505946136130 |
| 1969-10-01 | 101.012120466652140 |
| 1970-01-01 | 105.157751659566000 |
| 1970-04-01 | 111.316994837979560 |
| 1970-07-01 | 108.748495459021780 |
| 1970-10-01 | 106.442315815846440 |
| 1971-01-01 | 103.536849660728800 |
| 1971-04-01 | 104.251259024716460 |
| 1971-07-01 | 102.352516716220600 |
| 1971-10-01 | 99.226592155208760 |
| 1972-01-01 | 95.864160556464410 |
| 1972-04-01 | 94.724543869445800 |
| 1972-07-01 | 92.577870921020860 |
| 1972-10-01 | 86.046944065806780 |
| 1973-01-01 | 85.744240784398780 |
| 1973-04-01 | 87.877015124438500 |
| 1973-07-01 | 87.583597385121730 |
| 1973-10-01 | 89.053368815220380 |
| 1974-01-01 | 87.544401453429170 |
| 1974-04-01 | 89.976902160346940 |
| 1974-07-01 | 90.566001749436030 |
| 1974-10-01 | 79.178642721561100 |
| 1975-01-01 | 94.236768234145150 |
| 1975-04-01 | 91.042735097084770 |
| 1975-07-01 | 93.257930329902360 |
| 1975-10-01 | 90.792721967316800 |
| 1976-01-01 | 85.855812857227020 |
| 1976-04-01 | 84.569392078761140 |
| 1976-07-01 | 84.115738078763480 |
| 1976-10-01 | 78.158448530060370 |
| 1977-01-01 | 79.501487025561330 |
| 1977-04-01 | 78.591468304465370 |
| 1977-07-01 | 78.401223429591800 |
| 1977-10-01 | 77.928686355955600 |
| 1978-01-01 | 78.441713985937820 |
| 1978-04-01 | 77.901880315503220 |
| 1978-07-01 | 75.181459914713440 |
| 1978-10-01 | 73.405984960340620 |
| 1979-01-01 | 72.892038412169470 |
| 1979-04-01 | 72.569541214139100 |
| 1979-07-01 | 70.984791112873080 |
| 1979-10-01 | 69.397221780307330 |
| 1980-01-01 | 70.791452933602160 |
| 1980-04-01 | 68.758934029338620 |
| 1980-07-01 | 66.992575072109910 |
| 1980-10-01 | 65.987062445691240 |
| 1981-01-01 | 64.579043083305110 |
| 1981-04-01 | 65.878620661843030 |
| 1981-07-01 | 68.749792982985060 |
| 1981-10-01 | 67.369187597534930 |
| 1982-01-01 | 68.590059697064250 |
| 1982-04-01 | 69.610454953211800 |
| 1982-07-01 | 68.142931148272900 |
| 1982-10-01 | 65.830510168332500 |
| 1983-01-01 | 64.946432358226280 |
| 1983-04-01 | 63.122798494511760 |
| 1983-07-01 | 63.765623083390320 |
| 1983-10-01 | 63.622289950316700 |
| 1984-01-01 | 66.524927845852030 |
| 1984-04-01 | 69.388447630514200 |
| 1984-07-01 | 68.125376989098260 |
| 1984-10-01 | 69.437988625841640 |
| 1985-01-01 | 69.171582623551250 |
| 1985-04-01 | 69.473545856025070 |
| 1985-07-01 | 71.556576328000360 |
| 1985-10-01 | 66.844095401941090 |
| 1986-01-01 | 66.080002284237350 |
| 1986-04-01 | 67.405107028842040 |
| 1986-07-01 | 70.448993765228890 |
| 1986-10-01 | 69.960720852760840 |
| 1987-01-01 | 67.174075083256600 |
| 1987-04-01 | 67.557252432113500 |
| 1987-07-01 | 66.968480307815450 |
| 1987-10-01 | 73.919570052551580 |
| 1988-01-01 | 74.942680595769390 |
| 1988-04-01 | 75.803420291101290 |
| 1988-07-01 | 76.689450944086330 |
| 1988-10-01 | 76.338011217854700 |
| 1989-01-01 | 76.775448620623860 |
| 1989-04-01 | 77.440148783591440 |
| 1989-07-01 | 76.676138816194510 |
| 1989-10-01 | 76.952664859141730 |
| 1990-01-01 | 76.904389718806120 |
| 1990-04-01 | 76.573771168313060 |
| 1990-07-01 | 78.924146756927710 |
| 1990-10-01 | 80.802287285706060 |
| 1991-01-01 | 77.211113838729830 |
| 1991-04-01 | 76.751878014878300 |
| 1991-07-01 | 74.779223592617200 |
| 1991-10-01 | 71.740213280456130 |
| 1992-01-01 | 74.331504967895480 |
| 1992-04-01 | 73.516816339901850 |
| 1992-07-01 | 72.618965910723800 |
| 1992-10-01 | 72.856160010505260 |
| 1993-01-01 | 72.101032097147610 |
| 1993-04-01 | 71.840930656057220 |
| 1993-07-01 | 70.700098926221870 |
| 1993-10-01 | 67.450871316014630 |
| 1994-01-01 | 69.211115918654390 |
| 1994-04-01 | 69.188863679426330 |
| 1994-07-01 | 67.810022475240190 |
| 1994-10-01 | 66.870007656609620 |
| 1995-01-01 | 66.489882085032580 |
| 1995-04-01 | 65.641989257911480 |
| 1995-07-01 | 64.252627705663700 |
| 1995-10-01 | 62.089585927463190 |
| 1996-01-01 | 61.368255650165850 |
| 1996-04-01 | 61.399875301119460 |
| 1996-07-01 | 60.656574338817410 |
| 1996-10-01 | 57.813365477915800 |
| 1997-01-01 | 58.579542403340426 |
| 1997-04-01 | 57.555975231497060 |
| 1997-07-01 | 57.092619670691630 |
| 1997-10-01 | 56.524146012473400 |
| 1998-01-01 | 56.459933069833170 |
| 1998-04-01 | 58.337055240808290 |
| 1998-07-01 | 60.887024778875514 |
| 1998-10-01 | 56.877736832846445 |
| 1999-01-01 | 57.639818486236790 |
| 1999-04-01 | 56.494493324958600 |
| 1999-07-01 | 58.831943516946630 |
| 1999-10-01 | 53.910705089295280 |
| 2000-01-01 | 54.004906560909056 |
| 2000-04-01 | 55.377616913186245 |
| 2000-07-01 | 55.059037929334170 |
| 2000-10-01 | 54.737935493540554 |
| 2001-01-01 | 56.161254416946820 |
| 2001-04-01 | 56.453944898988720 |
| 2001-07-01 | 58.032320857421850 |
| 2001-10-01 | 60.090862206045510 |
| 2002-01-01 | 60.121611198303610 |
| 2002-04-01 | 60.966004584025846 |
| 2002-07-01 | 61.787936877332480 |
| 2002-10-01 | 64.074748137978180 |
| 2003-01-01 | 63.599063927488864 |
| 2003-04-01 | 61.223050256672970 |
| 2003-07-01 | 60.621747340748016 |
| 2003-10-01 | 55.697409317230690 |
| 2004-01-01 | 55.397292664698770 |
| 2004-04-01 | 54.829858711391175 |
| 2004-07-01 | 54.840810114051365 |
| 2004-10-01 | 52.887951833793046 |
| 2005-01-01 | 53.023171253265424 |
| 2005-04-01 | 53.071032935059286 |
| 2005-07-01 | 52.144705898263490 |
| 2005-10-01 | 51.141026712939720 |
| 2006-01-01 | 50.431719434686710 |
| 2006-04-01 | 51.240809557801605 |
| 2006-07-01 | 50.268124299222060 |
| 2006-10-01 | 49.656466830072630 |
| 2007-01-01 | 49.679901788794250 |
| 2007-04-01 | 49.713894833298310 |
| 2007-07-01 | 50.363399074996070 |
| 2007-10-01 | 51.821340149017800 |
| 2008-01-01 | 55.857549335785980 |
| 2008-04-01 | 58.378645391220175 |
| 2008-07-01 | 64.382171637600460 |
| 2008-10-01 | 73.955448687150070 |
| 2009-01-01 | 75.074434117392780 |
| 2009-04-01 | 69.092167702450200 |
| 2009-07-01 | 61.928785670582286 |
| 2009-10-01 | 58.044695475702500 |
| 2010-01-01 | 56.872193340512666 |
| 2010-04-01 | 58.674509617164990 |
| 2010-07-01 | 55.802565097756265 |
| 2010-10-01 | 62.703916534237685 |
| 2011-01-01 | 60.746352524667990 |
| 2011-04-01 | 61.144877555787160 |
| 2011-07-01 | 68.491028047073470 |
| 2011-10-01 | 68.853101646640170 |
| 2012-01-01 | 65.831488611062340 |
| 2012-04-01 | 67.456123587673960 |
| 2012-07-01 | 66.598350512392640 |
| 2012-10-01 | 68.598192100011120 |
| 2013-01-01 | 66.765204662786840 |
| 2013-04-01 | 69.601004787893150 |
| 2013-07-01 | 67.736974438794590 |
| 2013-10-01 | 65.271504316573330 |
| 2014-01-01 | 65.590313551510660 |
| 2014-04-01 | 64.332006149398620 |
| 2014-07-01 | 66.476859269219360 |
| 2014-10-01 | 68.997754838173100 |
| 2015-01-01 | 69.495889489853370 |
| 2015-04-01 | 71.252529064647990 |
| 2015-07-01 | 75.735055038051430 |
| 2015-10-01 | 75.395677400392900 |
| 2016-01-01 | 76.504454392033450 |
| 2016-04-01 | 76.179120464297060 |
| 2016-07-01 | 73.939347861906030 |
| 2016-10-01 | 73.578186876193030 |
| 2017-01-01 | 71.081552823391090 |
| 2017-04-01 | 69.790508626339690 |
| 2017-07-01 | 66.715591541413720 |
| 2017-10-01 | 65.615612219884950 |
| 2018-01-01 | 66.963302384730210 |
| 2018-04-01 | 69.004727504766270 |
| 2018-07-01 | 68.644688711617790 |
| 2018-10-01 | 74.675387391489420 |
| 2019-01-01 | 71.937662533649840 |
| 2019-04-01 | 69.835560275462170 |
| 2019-07-01 | 69.506582993058470 |
| 2019-10-01 | 66.287495818700680 |
| 2020-01-01 | 80.962945947625680 |
| 2020-04-01 | 77.479343388303760 |
| 2020-07-01 | 72.376587572098120 |
| 2020-10-01 | 66.578668140293350 |
| 2021-01-01 | 64.906583920072700 |
| 2021-04-01 | 62.531492186256610 |
| 2021-07-01 | 61.671546446896030 |
| 2021-10-01 | 60.367778013737960 |
| 2022-01-01 | 63.588045378139650 |
| 2022-04-01 | 70.150448935732290 |
| 2022-07-01 | 72.719017620184730 |
| 2022-10-01 | 67.999654161226960 |
| 2023-01-01 | 65.817576748742770 |
| 2023-04-01 | 64.006596228657940 |
| 2023-07-01 | 65.464462005647350 |
| 2023-10-01 | 61.687075002490490 |
| 2024-01-01 | 60.174747557625080 |
| 2024-04-01 | 60.003651998719710 |
| 2024-07-01 | 58.378691632757445 |
| 2024-10-01 | 58.352785409905486 |
| 2025-01-01 | 58.060814902843860 |
| 2025-04-01 | 54.974752641159554 |
| 2025-07-01 | 53.365861450251910 |
| 2025-10-01 | 52.214072574394030 |