Federal Agricultural Mortgage (AGM) Balance Sheet: Assets & Liabilities

Federal Agricultural Mortgage (AGM) Balance Sheet

As of Dec 31, 2025 (end of fiscal 2025), Federal Agricultural Mortgage reported total assets of $35.37B and total liabilities of $33.65B. Shareholders' equity was $1.72B, up 15.4% from $1.49B a year earlier. Total debt stood at $30.57B against $18.48B in cash and short-term investments, a net debt position of $12.09B. That puts debt-to-equity at 17.79, compared with 19.68 a year earlier.

Federal Agricultural Mortgage Balance Sheet Analysis

Values in billions USD

Income Statement Balance Sheet Cash Flow Ratios

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Balance sheet showing assets, liabilities, and shareholders' equity for Federal Agricultural Mortgage Corporation (AGM) - Annual data in billions USD
Breakdown	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017
Period ending	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017
Current Assets
Cash and Cash Equivalents	0.91	1.01	0.88	0.86	0.91	1.03	0.60	0.43	0.30
Short-Term Investments	1.49	11.47	10.45	12.19	10.16	10.80	10.10	8.19	7.69
Cash & Short-Term Investments	18.48	12.48	11.34	13.05	11.07	11.84	10.71	8.62	7.99
Accounts Receivable	0.36	0.36	0.29	0.28	0.17	0.22	0.24	0.22	0.20
Inventory	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Other Current Assets	-17.55	0.00	0.00	0.26	0.05	0.02	0.02	0.01	0.03
Total Current Assets	1.35	12.84	11.67	13.59	11.33	12.08	10.97	2.87	2.72
Non-Current Assets
Property, Plant & Equipment (Net)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-0.01	-0.02
Long-Term Investments	17.55	18.34	17.08	15.67	14.68	12.25	10.72	12.51	11.99
Goodwill	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.01	0.02
Other Non-Current Assets	16.43	0.15	0.14	0.00	0.00	0.01	0.01	3.31	3.08
Total Non-Current Assets	34.17	18.49	17.85	13.75	13.79	12.27	10.74	15.83	15.07
Total Assets	35.37	31.32	29.52	27.33	25.12	24.36	21.71	18.69	17.79
Current Liabilities
Accounts Payable	0.23	0.41	0.26	0.19	0.13	0.12	0.13	0.11	0.09
Short-Term Debt	8.66	10.44	6.35	7.47	6.99	0.00	10.02	0.00	0.00
Current Portion of Long-Term Debt	8.66	8.27	6.35	7.47	4.82	-	-	-	-
Accrued Liabilities	0.23	0.20	0.18	0.12	0.06	-	-	-	-
Other Current Liabilities	-30.82	0.00	0.00	0.00	0.00	0.00	0.00	-7.87	-8.18
Total Current Liabilities	11.27	10.85	8.35	8.22	7.12	0.12	10.15	0.00	0.00
Non-Current Liabilities
Long-Term Debt	21.92	18.86	19.60	17.62	16.71	23.17	20.72	10.02	8.84
Deferred Tax Liabilities	0.14	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Other Non-Current Liabilities	2.83	0.13	0.17	0.22	0.08	0.07	-9.95	0.06	0.07
Total Non-Current Liabilities	22.52	18.99	19.77	17.84	16.79	23.24	10.76	10.02	8.84
Total Liabilities	33.65	29.84	28.11	26.06	23.91	23.36	20.91	17.94	17.08
Stockholders' Equity
Common Stock	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01
Retained Earnings	1.05	0.94	0.82	0.70	0.59	0.51	0.46	0.39	0.32
Accumulated Other Comprehensive Income	0.01	-0.01	-0.04	-0.05	0.00	-0.01	-0.02	0.02	0.05
Additional Paid-in Capital	0.14	0.14	0.13	0.13	0.13	0.12	0.12	0.12	0.12
Shares Outstanding	0.01	0.01	0.01	0.01	0.01	-	-	-	-
Total Stockholders' Equity	1.72	1.49	1.41	1.27	1.21	0.99	0.80	0.75	0.71
Total Liabilities & Equity	35.37	31.32	29.52	27.33	25.12	24.36	21.71	18.69	17.79

Source: Company financial statements from annual and quarterly filings. Data as of Jun 30, 2026. Data sources and methodology

Frequently Asked Questions About Federal Agricultural Mortgage Balance Sheet

How much debt does Federal Agricultural Mortgage have?

Federal Agricultural Mortgage had total debt of $30.57B as of Dec 31, 2025, against $18.48B in cash and short-term investments. Its debt-to-equity ratio was 17.79. Total debt was $29.30B a year earlier.

What are Federal Agricultural Mortgage's total assets?

Federal Agricultural Mortgage reported total assets of $35.37B as of Dec 31, 2025, up 12.9% from $31.32B a year earlier. Total liabilities were $33.65B.

What is Federal Agricultural Mortgage's shareholders' equity?

Federal Agricultural Mortgage's shareholders' equity was $1.72B as of Dec 31, 2025, or about $158.33 of book value per share.

What is the debt-to-equity ratio?

The debt-to-equity ratio divides a company's total debt by its shareholders' equity. It shows how much of the business is financed with borrowed money; normal levels vary widely by industry. Full definition