Annaly Capital Management (NLY) Debt Ratio (2014 - 2026)
Annaly Capital Management's Debt Ratio was 0.24 in Q2 2026, up 11.2% from 0.21 a year earlier and up 7.8% from the prior quarter.
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Analysis
Annaly Capital Management (NLY) Debt Ratio (2014 - 2026) Analysis & Trends
For FY2025, Debt Ratio at Annaly Capital Management came in at 0.21, up 13.0% from FY2024.
- Debt Ratio has now increased for eight consecutive years.
- In earlier years, Debt Ratio was 0.19 in FY2024 (+51.6%), 0.12 in FY2023 (+31.5%), 0.09 in FY2022 (+40.9%) and 0.07 in FY2021 (+5.1%).
- The Q2 2026 figure marks the highest quarterly Debt Ratio in data going back to Q4 2014.
- Compared with a year earlier, Debt Ratio has increased for 19 straight quarters, with growth averaging 28.6% over the last eight quarters.
- The best year-over-year quarter for Debt Ratio over five years was Q2 2022 (growth of 153.2%); the worst was Q3 2021 (a decline of 24.0%).
- Per Business Quant data, NLY's Debt Ratio in the three quarters before Q2 2026 was 0.22 (Q1 2026), 0.21 (Q4 2025) and 0.21 (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Debt Ratio (Qtr) |
|---|---|---|---|---|---|
| 1 | Rocket Companies | 42.82 Bn | 31.64 Bn | - | 0.41 |
| 2 | Orix | 38.85 Bn | 7.58 Bn | 12.74 Bn | 0.35 |
| 3 | Royalty Pharma | 30.02 Bn | 27.40 Bn | - | 0.44 |
| 4 | Federal National Mortgage Association Fannie Mae | 26.05 Bn | 26.05 Bn | - | 0.97 |
| 5 | Synchrony Financial | 23.55 Bn | -44.08 Bn | - | 0.07 |
| 6 | Affirm Holdings | 23.27 Bn | 16.32 Bn | - | 0.18 |
| 7 | Royal Gold | 22.53 Bn | 21.71 Bn | 390.45 Mn | 0.04 |
| 8 | Annaly Capital Management | 14.32 Bn | 5.27 Bn | - | 0.26 |
| 9 | Ares Capital | 13.77 Bn | 11.52 Bn | - | 0.49 |
| 10 | Federal Home Loan Mortgage | 12.90 Bn | -5.77 Bn | - | 0.05 |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 0.26 |
| Jun 30, 2026 | 0.24 |
| Mar 31, 2026 | 0.22 |
| Dec 31, 2025 | 0.21 |
| Sep 30, 2025 | 0.21 |
| Jun 30, 2025 | 0.21 |
| Mar 31, 2025 | 0.21 |
| Dec 31, 2024 | 0.19 |
| Sep 30, 2024 | 0.18 |
| Jun 30, 2024 | 0.17 |
| Mar 31, 2024 | 0.15 |
| Dec 31, 2023 | 0.12 |
| Sep 30, 2023 | 0.11 |
| Jun 30, 2023 | 0.11 |
| Mar 31, 2023 | 0.10 |
| Dec 31, 2022 | 0.09 |
| Sep 30, 2022 | 0.09 |
| Jun 30, 2022 | 0.10 |
| Mar 31, 2022 | 0.09 |
| Dec 31, 2021 | 0.07 |
API Access
Annaly Capital Management Debt Ratio API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=debt-ratio&ticker=NLY&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "debt-ratio", "ticker": "NLY", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=debt-ratio&ticker=NLY&period=max&api_key=YOUR_API_KEY");
const data = await res.json();