Jefferies Financial Group (JEF) Balance Sheet: Assets & Liabilities

Jefferies Financial Group (JEF) Balance Sheet

As of Nov 30, 2025 (end of fiscal 2025), Jefferies Financial Group reported total assets of $76.01B and total liabilities of $65.37B. Shareholders' equity was $10.57B, up 3.4% from $10.23B a year earlier. Total debt stood at $23.76B against $14.04B in cash and short-term investments, a net debt position of $9.71B. That puts debt-to-equity at 2.25, compared with 2.79 a year earlier.

Jefferies Financial Group 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 Jefferies Financial Group Inc. (JEF) - 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	Nov 2025	Nov 2024	Nov 2023	Nov 2022	Nov 2021	Nov 2020	Nov 2019	Nov 2018	Dec 2017
Current Assets
Cash and Cash Equivalents	14.04	12.15	8.53	9.70	10.76	9.06	7.68	5.97	5.28
Short-Term Investments	0.00	38.66	0.00	30.00	33.09	0.00	0.00	24.00	16.80
Cash & Short-Term Investments	14.04	12.15	8.53	9.70	10.76	9.06	7.68	5.26	22.07
Accounts Receivable	10.05	5.16	4.72	3.02	4.07	6.63	7.40	0.00	7.49
Inventory	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Other Current Assets	19.16	0.24	20.37	0.10	0.01	2.28	0.81	0.00	0.58
Total Current Assets	43.26	56.88	34.85	43.39	48.51	17.96	15.88	5.26	30.14
Non-Current Assets
Property, Plant & Equipment (Net)	1.25	1.19	1.07	0.91	0.91	0.90	0.39	0.35	0.75
Long-Term Investments	27.05	1.39	17.73	1.43	1.59	30.16	28.82	6.61	11.41
Goodwill	1.84	1.83	1.85	1.74	1.75	1.75	1.74	1.70	1.72
Intangible Assets	0.20	0.23	0.20	0.14	0.15	0.17	0.18	0.19	0.74
Other Non-Current Assets	2.42	3.07	2.21	3.60	3.36	2.19	1.99	34.40	1.66
Total Non-Current Assets	32.75	24.76	23.05	20.15	25.37	35.16	33.58	41.87	17.03
Total Assets	76.01	64.36	57.91	51.06	56.11	53.12	49.46	47.13	47.17
Current Liabilities
Accounts Payable	12.17	7.76	7.70	6.21	8.41	10.39	8.18	0.07	7.17
Short-Term Debt	1.77	14.96	0.99	10.02	13.16	9.08	8.05	0.00	9.10
Current Portion of Long-Term Debt	2.01	1.24	0.79	0.67	0.54	-	-	-	-
Accrued Liabilities	3.84	3.51	2.55	2.57	3.33	-	-	-	-
Other Current Liabilities	3.84	0.19	1.17	0.10	0.01	0.00	0.00	27.72	8.45
Total Current Liabilities	17.78	39.97	12.41	31.32	35.70	19.47	16.23	27.79	24.72
Non-Current Liabilities
Long-Term Debt	21.99	13.53	14.56	8.77	9.13	10.75	9.86	8.92	10.73
Other Non-Current Liabilities	25.60	21.79	19.45	18.25	22.33	13.44	13.74	0.00	1.15
Total Non-Current Liabilities	47.59	14.17	35.69	9.31	9.67	24.19	23.60	8.92	11.88
Total Liabilities	65.37	54.13	48.10	40.63	45.38	43.53	39.71	0.31	36.60
Stockholders' Equity
Common Stock	0.21	0.21	0.21	0.23	0.24	0.25	0.29	0.31	0.36
Retained Earnings	8.57	8.27	7.85	8.42	7.94	6.53	5.93	10.06	4.70
Accumulated Other Comprehensive Income	-0.38	-0.42	-0.40	-0.38	-0.37	-0.29	-0.27	10.10	0.37
Additional Paid-in Capital	2.18	2.10	2.04	1.97	2.74	2.91	3.63	21.05	4.55
Minority Interest	0.07	0.07	0.09	0.07	0.05	0.06	0.05	0.04	0.46
Shares Outstanding	0.21	0.21	0.21	0.23	-	-	-	-	-
Total Stockholders' Equity	10.57	10.23	9.71	10.43	10.73	9.53	9.70	47.13	10.11
Total Liabilities & Equity	76.01	64.36	57.91	51.06	56.11	53.12	49.46	47.13	47.17

Source: Company financial statements from annual and quarterly filings. Data as of Aug 31, 2026. Data sources and methodology

Frequently Asked Questions About Jefferies Financial Group Balance Sheet

How much debt does Jefferies Financial Group have?

Jefferies Financial Group had total debt of $23.76B as of Nov 30, 2025, against $14.04B in cash and short-term investments. Its debt-to-equity ratio was 2.25. Total debt was $28.49B a year earlier.

What are Jefferies Financial Group's total assets?

Jefferies Financial Group reported total assets of $76.01B as of Nov 30, 2025, up 18.1% from $64.36B a year earlier. Total liabilities were $65.37B.

What is Jefferies Financial Group's shareholders' equity?

Jefferies Financial Group's shareholders' equity was $10.57B as of Nov 30, 2025, or about $51.26 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