National Health Investors, Inc. (NHI)

Solvency & Capital Structure

Total Debt

$1.27B

Net Debt

$1.24B

National Health Investors, Inc. currently has $1.27B in total debt. Net debt is $1.24B after cash offsets.

Financial Fundamentals

NHI • Quarterly Data • 5Y View

Date	Total Debt ($B)	Cash & Inv. ($B)	Net Debt ($B)	Total Assets	Debt/Assets
2026-03-31	1.27	0.02	1.24	2.89	43.9%
2025-12-31	1.16	0.02	1.14	2.80	41.6%
2025-09-30	1.11	0.08	1.03	2.69	41.2%
2025-06-30	1.12	0.02	1.10	2.70	41.5%
2025-03-31	1.26	0.14	1.13	2.78	45.4%
2024-12-31	1.15	0.02	1.12	2.61	43.8%
2024-09-30	1.14	0.02	1.12	2.46	46.2%
2024-06-30	1.14	0.01	1.12	2.48	45.9%
2024-03-31	1.14	0.01	1.13	2.48	46.0%
2023-12-31	1.14	0.02	1.11	2.49	45.6%
2023-09-30	1.14	0.02	1.13	2.50	45.8%
2023-06-30	1.13	0.02	1.12	2.50	45.4%
2023-03-31	1.18	0.01	1.16	2.53	46.4%
2022-12-31	1.15	0.02	1.13	2.51	45.8%
2022-09-30	1.11	0.03	1.09	2.51	44.4%
2022-06-30	1.10	0.04	1.06	2.59	42.7%
2022-03-31	1.25	0.04	1.21	2.80	44.6%
2021-12-31	1.25	0.04	1.21	2.84	44.1%
2021-09-30	1.29	0.05	1.25	2.91	44.4%
2021-06-30	1.44	0.03	1.41	3.08	46.9%
2021-03-31	1.54	0.11	1.42	3.18	48.2%
2020-12-31	1.51	0.04	1.46	3.12	48.3%
2020-09-30	1.54	0.04	1.50	3.14	49.0%
2020-06-30	1.56	0.05	1.52	3.17	49.4%
2020-03-31	1.56	0.05	1.51	3.17	49.2%
2019-12-31	1.44	0.01	1.44	3.04	47.5%
2019-09-30	1.46	0.01	1.45	3.02	48.4%
2019-06-30	1.48	0.01	1.48	3.00	49.5%
2019-03-31	1.30	0.01	1.29	2.81	46.2%
2018-12-31	1.29	0.00	1.29	2.75	47.0%
2018-09-30	1.24	0.00	1.24	2.67	46.5%
2018-06-30	1.25	0.00	1.24	2.67	46.6%
2018-03-31	1.18	0.00	1.18	2.56	46.2%
2017-12-31	1.17	0.00	1.16	2.55	45.8%
2017-09-30	1.13	0.00	1.13	2.52	45.0%
2017-06-30	1.17	0.00	1.16	2.51	46.5%
2017-03-31	1.17	0.01	1.16	2.52	46.4%
2016-12-31	1.14	0.00	1.13	2.40	47.3%
2016-09-30	1.11	0.00	1.10	2.39	46.4%
2016-06-30	1.09	0.00	1.09	2.34	46.8%
2016-03-31	0.96	0.03	0.93	2.16	44.4%
2015-12-31	0.95	0.01	0.93	2.15	44.1%
2015-09-30	1.03	0.01	1.02	2.13	48.3%
2015-06-30	0.91	0.00	0.91	2.01	45.4%
2015-03-31	0.92	0.00	0.92	2.02	45.6%
2014-12-31	0.88	0.00	0.88	1.98	44.6%
2014-09-30	0.66	0.00	0.66	1.49	44.6%
2014-06-30	0.66	0.01	0.65	1.48	44.6%
2014-03-31	0.65	0.01	0.65	1.47	44.2%
2013-12-31	0.64	0.01	0.63	1.46	44.0%
2013-09-30	0.39	0.01	0.38	0.92	42.7%
2013-06-30	0.39	0.04	0.35	0.89	43.6%
2013-03-31	0.20	0.01	0.20	0.70	29.0%
2012-12-31	0.20	0.01	0.19	0.71	28.8%
2012-09-30	0.19	0.02	0.18	0.68	28.8%
2012-06-30	0.12	0.02	0.10	0.60	20.1%
2012-03-31	0.10	0.02	0.09	0.57	18.3%
2011-12-31	0.10	0.03	0.07	0.58	16.8%
2011-09-30	0.05	0.02	0.02	0.52	9.2%
2011-06-30	0.05	0.03	0.02	0.52	9.3%
2011-03-31	0.05	0.04	0.01	0.52	9.5%
2010-12-31	0.04	0.03	0.01	0.51	7.4%
2010-09-30	0.03	0.02	0.00	0.50	5.7%
2010-06-30	0.04	0.03	0.01	0.51	8.6%
2010-03-31	0.04	0.03	0.01	0.50	7.6%
2009-12-31	0.00	0.07	-0.07Net Cash	0.46	0.0%
2009-09-30	0.00	0.09	-0.09Net Cash	0.46	0.3%
2009-06-30	0.00	0.09	-0.09Net Cash	0.45	0.6%
2009-03-31	0.00	0.13	-0.12Net Cash	0.45	0.6%
2008-12-31	0.00	0.13	-0.12Net Cash	0.46	0.9%
2008-09-30	0.01	0.14	-0.13Net Cash	0.47	1.2%
2008-06-30	0.01	0.14	-0.13Net Cash	0.47	1.7%
2008-03-31	0.01	0.14	-0.13Net Cash	0.48	1.9%
2007-12-31	0.01	0.13	-0.12Net Cash	0.50	1.9%
2007-09-30	0.01	0.14	-0.13Net Cash	0.50	2.2%
2007-06-30	0.11	0.19	-0.08Net Cash	0.58	19.3%
2007-03-31	0.11	0.20	-0.08Net Cash	0.58	19.3%
2006-12-31	0.11	0.24	-0.13Net Cash	0.60	19.1%
2006-09-30	0.11	0.22	-0.10Net Cash	0.58	19.7%
2006-06-30	0.12	0.21	-0.10Net Cash	0.59	19.7%
2006-03-31	0.12	0.19	-0.07Net Cash	0.59	19.9%
2005-12-31	0.12	0.19	-0.07Net Cash	0.59	20.0%
2005-09-30	0.12	0.19	-0.07Net Cash	0.59	20.0%
2005-06-30	0.12	0.19	-0.07Net Cash	0.60	20.1%
2005-03-31	0.12	0.18	-0.06Net Cash	0.59	20.3%
2004-12-31	0.16	0.23	-0.07Net Cash	0.63	24.6%
2004-09-30	0.16	0.19	-0.03Net Cash	0.62	25.4%
2004-06-30	0.16	0.15	0.01	0.62	25.5%
2004-03-31	0.16	0.12	0.03	0.62	25.5%
2003-12-31	0.16	0.12	0.04	0.62	26.2%
2003-09-30	0.17	0.07	0.10	0.63	27.1%
2003-06-30	0.17	0.05	0.12	0.62	26.9%
2003-03-31	0.17	0.03	0.14	0.61	27.4%
2002-12-31	0.20	0.06	0.14	0.65	31.2%
2002-09-30	0.22	0.08	0.13	0.67	32.4%
2002-06-30	0.22	0.06	0.16	0.67	32.5%
2002-03-31	0.22	0.04	0.19	0.67	33.7%
2001-12-31	0.23	0.04	0.19	0.67	33.8%
2001-09-30	0.29	0.04	0.24	0.70	41.0%
2001-06-30	0.31	0.05	0.26	0.69	44.5%
2001-03-31	0.34	0.04	0.30	0.72	47.5%
2000-12-31	0.42	0.09	0.34	0.77	55.3%
2000-09-30	0.45	0.05	0.39	0.77	57.6%
2000-06-30	0.45	0.07	0.38	0.79	57.0%
2000-03-31	0.46	0.10	0.35	0.79	57.8%
1999-12-31	0.44	0.07	0.38	0.79	56.4%
1999-09-30	0.36	0.01	0.35	0.81	44.6%
1999-06-30	0.35	0.00	0.34	0.80	43.3%
1999-03-31	0.34	0.00	0.33	0.79	42.6%
1998-12-31	0.37	0.02	0.35	0.77	47.9%
1998-09-30	0.25	0.02	0.23	0.72	35.0%
1998-06-30	0.25	0.02	0.23	0.75	33.8%
1998-03-31	0.26	0.09	0.17	0.75	34.1%
1997-12-31	0.27	0.06	0.21	0.76	36.3%
1997-09-30	0.37	0.01	0.36	0.85	43.9%
1997-06-30	0.33	0.01	0.33	0.80	41.7%
1997-03-31	0.30	0.00	0.30	0.77	39.5%
1996-12-31	0.31	0.00	0.31	0.75	41.2%
1996-09-30	0.30	0.00	0.30	0.72	41.8%
1996-06-30	0.25	0.00	0.25	0.67	38.2%