Navient Corporation (NAVI) Balance Sheet

NASDAQ: NAVIAssets, liabilities, debt and equity over 10 years.

NAVI balance sheet, 2025

December 31, 2025 · U.S. dollars

$48.68B assets = $46.28B liabilities + $2.40B equity

Both columns are drawn to the same scale: what NAVI owns equals what it owes plus shareholders’ equity. Hover a block for its value.

NAVI financial health

Current ratio0.74

Tight · current assets cover current liabilities 0.74×

Debt / equity19.05

High leverage · $19.05 of debt for each $1 of equity

Equity / assets4.9%

Thin equity · of assets funded by shareholders

Cash / debt4.6%

Low cash cover · cash & short-term investments vs total debt

Goodwill & intangibles0.9%

Mostly tangible · of total assets

Descriptive bands, not a rating. Fiscal 2025.

NAVI balance sheet trends, 2016–2025

Navient Corporation balance sheet trends
Metric	Then	Latest	Change
Total assets	$121.14B2016	$48.68B2025	−9.6%/yr
Total liabilities	$117.41B2016	$46.28B2025	−9.8%/yr
Shareholders’ equity	$3.70B2016	$2.40B2025	−4.7%/yr
Cash & short-term investments	$1.26B2016	$2.10B2025	+5.9%/yr
Total debt	$115.45B2016	$45.71B2025	−9.8%/yr
Net cash (debt)	−$114.20B2016	−$43.60B2025	+$70.6B
Working capital	−$10.32B2016	−$1.30B2025	+$9.0B
Book value per share	$11.492016	$24.232025	+8.6%/yr
Current ratio	0.272016	0.742025	+0.48
Debt / equity	31.212016	19.052025	−12.16
Shares outstanding	322.0M2016	99.0M2025	−12.3%/yr

Change is the average annual growth (CAGR) or the difference between the first and latest year.

NAVI assets

Cash & ST investmentsReceivablesInventoryOther currentPP&EGoodwill & intangiblesLT investmentsOther non-current

NAVI liabilities and equity

Current liabilitiesLong-term debtOther long-term liabilitiesEquity

NAVI debt vs cash

Total debtCash & ST investmentsNet cash (debt)

Debt includes short- and long-term borrowings and, where reported, lease obligations.

NAVI balance sheet

Navient Corporation annual balance sheet
	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
Assets
Cash & short-term investments	$2.10B	$722.0M	$839.0M	$1.53B	$905.0M	$1.18B	$1.23B	$1.29B	$1.52B	$1.26B
Cash & equivalents	$2.10B	$722.0M	$839.0M	$1.53B	$905.0M	$1.18B	$1.23B	$1.29B	$1.52B	$1.25B
Short-term investments	—	—	−$1.95B	$452.0M	$462.0M	—	—	$470.0M	$2.0M	$3.0M
Receivables	$1.67B	$1.90B	$2.30B	$2.25B	$2.41B	$2.50B	$2.33B	$2.37B	$2.45B	$2.48B
Inventory	$0	$0	$489.0M	$6.92B	$5.62B	$5.59B	$5.85B	−$104.18B	−$114.20B	−$120.02B
Other current assets	$0	$0	$0	$0	$0	$0	$0	$104.18B	$114.20B	$120.02B
Total current assets	$3.77B	$2.62B	$3.14B	$3.78B	$3.31B	$3.69B	$3.56B	$3.65B	$3.97B	$3.74B
Property, plant & equipment (net)	$23.0M	$52.0M	$62.0M	$74.0M	$95.0M	$116.0M	$135.0M	$136.0M	$156.0M	$160.0M
Goodwill & intangible assets	$434.0M	$437.0M	$695.0M	$705.0M	$725.0M	$735.0M	$757.0M	$786.0M	$810.0M	$670.0M
Long-term investments	$166.0M	$143.0M	$146.0M	$167.0M	$267.0M	$285.0M	$211.0M	$226.0M	$270.0M	$350.0M
Other non-current assets	$44.28B	$48.53B	$57.33B	$66.07B	$76.20B	$82.59B	$90.24B	$99.38B	$109.78B	$116.22B
Total assets	$48.68B	$51.79B	$61.38B	$70.80B	$80.61B	$87.41B	$94.90B	$104.18B	$114.99B	$121.14B
Liabilities
Accounts payable	—	—	—	—	—	—	—	—	$0	$0
Short-term debt	$5.07B	$4.75B	$4.76B	$4.96B	$3.79B	$6.61B	$9.56B	$8.50B	$11.98B	$14.06B
Total current liabilities	$5.07B	$4.75B	$4.76B	$4.96B	$3.79B	$6.61B	$9.56B	$8.50B	$11.98B	$14.06B
Long-term debt	$40.90B	$43.92B	$53.28B	$61.03B	$74.49B	$77.33B	$81.72B	$93.52B	$105.01B	$112.37B
Other long-term liabilities	$311.0M	$483.0M	$578.0M	$1.83B	$0	$0	$282.0M	$0	$0	$0
Total liabilities	$46.28B	$49.15B	$58.62B	$67.82B	$78.00B	$84.97B	$91.55B	$100.63B	$111.51B	$117.41B
Shareholders' equity
Common stock & paid-in capital	$4.0M	$4.0M	$4.0M	$4.0M	$4.0M	$4.0M	$4.0M	$4.0M	$3.08B	$4.0M
Retained earnings (deficit)	$4.55B	$4.70B	$4.64B	$4.49B	$3.94B	$3.33B	$3.66B	$3.22B	$3.00B	$2.89B
Treasury stock	—	—	—	−$4.92B	−$4.50B	−$3.85B	−$3.44B	−$2.96B	−$2.69B	−$2.22B
Accumulated other comprehensive income	$2.0M	$3.0M	$19.0M	$87.0M	−$133.0M	−$274.0M	−$91.0M	$113.0M	$61.0M	$6.0M
Minority interest	—	—	—	$0	$11.0M	$14.0M	$13.0M	$28.0M	$31.0M	$24.0M
Total shareholders' equity	$2.40B	$2.64B	$2.76B	$2.98B	$2.60B	$2.45B	$3.34B	$3.52B	$3.45B	$3.70B
Key figures
Total debt	$45.71B	$48.66B	$57.91B	$67.40B	$76.72B	$83.94B	$90.23B	$99.29B	$109.77B	$115.45B
Net cash (debt)	−$43.60B	−$47.94B	−$57.08B	−$65.86B	−$75.82B	−$82.76B	−$89.00B	−$98.01B	−$108.25B	−$114.20B
Working capital	−$1.30B	−$2.12B	−$1.62B	−$1.18B	−$478.0M	−$2.92B	−$6.00B	−$4.85B	−$8.01B	−$10.32B
Tangible book value	$1.97B	$2.20B	$2.06B	$2.27B	$1.87B	$1.71B	$2.58B	$2.73B	$2.64B	$3.03B
Book value per share	$24.23	$23.79	$22.44	$20.67	$15.10	$12.55	$14.32	$13.33	$12.29	$11.49
Shares outstanding	99.0M	111.0M	123.0M	144.0M	172.0M	195.0M	233.0M	264.0M	281.0M	322.0M
Current ratio	0.74	0.55	0.66	0.76	0.87	0.56	0.37	0.43	0.33	0.27
Quick ratio	0.74	0.55	0.66	0.76	0.87	0.56	0.37	0.43	0.33	0.27
Debt / equity	19.05	18.43	20.98	22.64	29.54	34.31	27.05	28.22	31.78	31.21
Equity / assets	4.9%	5.1%	4.5%	4.2%	3.2%	2.8%	3.5%	3.4%	3.0%	3.1%

Navient Corporation quarterly balance sheet
	Jun '26	Mar '26	Dec '25	Sep '25	Jun '25	Mar '25	Dec '24	Sep '24	Jun '24	Mar '24	Dec '23	Sep '23
Assets
Cash & short-term investments	$2.14B	$621.0M	$637.0M	$571.0M	$712.0M	$642.0M	$722.0M	$2.79B	$1.09B	$2.95B	$839.0M	$977.0M
Cash & equivalents	$2.14B	$621.0M	$637.0M	$571.0M	$712.0M	$642.0M	$722.0M	$1.14B	$1.09B	$2.95B	$839.0M	$977.0M
Short-term investments	—	—	—	—	—	—	—	$1.65B	−$369.0M	—	—	$1.82B
Receivables	$1.65B	$1.63B	$1.67B	$1.82B	$1.78B	$1.80B	$1.90B	$1.91B	$2.02B	$2.18B	$2.30B	$2.28B
Inventory	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$489.0M	$2.72B
Other current assets	$0	$1.51B	$1.47B	$0	$0	$0	$0	$0	$0	$0	$0	$0
Total current assets	$2.14B	$3.76B	$3.77B	$2.39B	$2.49B	$2.45B	$2.62B	$2.79B	$3.11B	$3.06B	$3.14B	$3.26B
Property, plant & equipment (net)	$21.0M	$21.0M	$23.0M	$27.0M	$28.0M	$34.0M	$52.0M	$54.0M	$59.0M	$61.0M	$62.0M	$67.0M
Goodwill & intangible assets	$430.0M	$430.0M	$434.0M	$435.0M	$872.0M	$874.0M	$437.0M	$438.0M	$690.0M	$692.0M	$695.0M	$697.0M
Long-term investments	$116.0M	$148.0M	$166.0M	$147.0M	$135.0M	$125.0M	$143.0M	$140.0M	$132.0M	$129.0M	$146.0M	$149.0M
Other non-current assets	$44.59B	$43.64B	$44.28B	$46.30B	$46.70B	$47.47B	$48.53B	$50.02B	$52.63B	$55.08B	$57.33B	$59.24B
Total assets	$47.30B	$48.00B	$48.68B	$49.31B	$50.22B	$50.95B	$51.79B	$53.44B	$56.62B	$59.03B	$61.38B	$63.41B
Liabilities
Short-term debt	$4.21B	$5.01B	$4.85B	$4.73B	$4.55B	$4.71B	$4.75B	$3.53B	$4.37B	$4.43B	$4.76B	$5.13B
Total current liabilities	$4.21B	$5.01B	$4.85B	$4.73B	$4.55B	$4.71B	$4.75B	$3.53B	$4.37B	$4.87B	$4.76B	$5.13B
Long-term debt	$39.74B	$40.18B	$40.90B	$41.65B	$42.61B	$43.25B	$43.92B	$45.84B	$48.87B	$50.78B	$53.28B	$54.91B
Other long-term liabilities	$948.0M	$443.0M	$536.0M	$483.0M	$495.0M	$406.0M	$483.0M	$746.0M	$630.0M	$5.48B	$578.0M	$478.0M
Total liabilities	$44.90B	$45.62B	$46.28B	$46.87B	$47.66B	$48.36B	$49.15B	$50.75B	$53.87B	$56.26B	$58.62B	$60.52B
Shareholders' equity
Common stock & paid-in capital	$4.0M	$4.0M	$4.0M	$4.0M	$4.0M	$4.0M	$4.0M	$4.0M	$4.0M	$4.0M	$4.0M	$4.0M
Retained earnings (deficit)	$4.56B	$4.55B	$4.55B	$4.57B	$4.67B	$4.68B	$4.70B	$4.69B	$4.71B	$4.69B	$4.64B	$4.68B
Accumulated other comprehensive income	$14.0M	$5.0M	$2.0M	−$1.0M	—	$2.0M	$3.0M	$3.0M	$10.0M	$15.0M	$19.0M	$43.0M
Total shareholders' equity	$2.40B	$2.38B	$2.40B	$2.44B	$2.56B	$2.59B	$2.64B	$2.69B	$2.75B	$2.77B	$2.76B	$2.90B
Key figures
Total debt	$44.34B	$45.18B	$45.75B	$46.38B	$47.16B	$47.95B	$48.66B	$49.36B	$53.24B	$55.27B	$57.91B	$60.11B
Net cash (debt)	−$42.20B	−$44.56B	−$45.11B	−$45.81B	−$46.45B	−$47.31B	−$47.94B	−$46.57B	−$52.16B	−$52.33B	−$57.08B	−$59.13B
Working capital	−$2.08B	−$1.24B	−$1.07B	−$2.34B	−$2.06B	−$2.26B	−$2.12B	−$734.0M	−$1.26B	−$1.80B	−$1.62B	−$1.87B
Tangible book value	$1.97B	$1.95B	$1.97B	$2.00B	$1.69B	$1.72B	$2.20B	$2.26B	$2.06B	$2.07B	$2.06B	$2.20B
Book value per share	$24.98	$24.78	$28.79	$24.67	$25.39	$25.38	$24.23	$24.94	$24.54	$24.26	$22.62	$23.95
Shares outstanding	96.0M	96.0M	83.3M	98.9M	101.0M	102.0M	109.0M	108.0M	112.0M	114.0M	122.0M	121.0M
Current ratio	0.51	0.75	0.78	0.51	0.55	0.52	0.55	0.79	0.71	0.63	0.66	0.64
Quick ratio	0.90	0.45	0.48	0.51	0.55	0.52	0.55	1.33	0.71	1.05	0.66	0.64
Debt / equity	18.49	18.99	19.07	19.02	18.39	18.52	18.43	18.32	19.38	19.98	20.98	20.74
Equity / assets	5.1%	5.0%	4.9%	4.9%	5.1%	5.1%	5.1%	5.0%	4.9%	4.7%	4.5%	4.6%

Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed February 26, 2026); data from EODHD.

NAVI financial position

At the end of fiscal 2025 (December 31, 2025), Navient had total assets of $48.7 billion (down 6.0% from a year earlier), total liabilities of $46.3 billion and shareholders' equity of $2.4 billion. It held $2.1 billion in cash and short-term investments against $45.7 billion of debt, net debt of $43.6 billion. Its current ratio was 0.74. In the latest quarter (ended June 30, 2026) total assets were $47.3 billion and equity $2.4 billion.

Related: NAVI income statement, NAVI cash flow statement, NAVI key metrics. See the NAVI stock overview for the latest quote and news.

NAVI balance sheet FAQ

What are Navient's total assets?

Navient reported total assets of $48.7 billion at the end of fiscal 2025 (December 31, 2025), compared with $51.8 billion a year earlier.

How much debt does Navient have?

Navient had $45.7 billion of total debt at the end of fiscal 2025, including short-term borrowings. Its debt-to-equity ratio was 19.05.

How much cash does Navient have?

Navient held $2.1 billion in cash and short-term investments at the end of fiscal 2025; with $45.7 billion of debt that is net debt of $43.6 billion.

What is Navient's book value?

Navient's shareholders' equity (book value) was $2.4 billion at the end of fiscal 2025, or $24.23 per share.

What is Navient's current ratio?

Navient had current assets of $3.8 billion and current liabilities of $5.1 billion, a current ratio of 0.74 (current liabilities exceed current assets).

How much goodwill does Navient have?

Navient carried $434.0 million of goodwill and intangible assets, 0.9% of total assets, at the end of fiscal 2025.