AP NEWS
Press release content from Globe Newswire. The AP news staff was not involved in its creation.
PRESS RELEASE: Paid content from Globe Newswire
Press release content from Globe Newswire. The AP news staff was not involved in its creation.

CFC Tabulates Initial Results for 2018 Key Ratio Trend Analysis

April 15, 2019

DULLES, Va., April 15, 2019 (GLOBE NEWSWIRE) -- The National Rural Utilities Cooperative Finance Corporation (CFC) has analyzed preliminary data for its 2018 Key Ratio Trend Analysis (KRTA), an annual assessment of financial trends among electric distribution cooperatives nationwide. CFC expects to release final KRTA numbers in June.

Preliminary KRTA results are based on data submitted by 596 electric distribution cooperatives for the year ending Dec. 31, 2018. Notable trends include a 6.68 percent increase in kilowatt-hour (kWh) sales for the typical cooperative—that compares with a median 1.02 percent decline posted in 2017.

Electric cooperatives also continued to maintain strong financial metrics. The median system’s equity as a percentage of assets inched up to 45.39 percent in 2018 from 45.27 percent in 2017; median modified debt service coverage (MDSC) and times interest earned ratio (TIER) were 1.87 and 2.79, respectively.

About CFCCreated and owned by America’s electric cooperative network, the National Rural Utilities Cooperative Finance Corporation (CFC)—a nonprofit finance cooperative with nearly $27 billion in assets—provides unparalleled industry expertise, flexibility and responsiveness to serve the needs of our member-owners. CFC is an equal opportunity provider. Visit us online at www.nrucfc.coop.

About KRTACFC has published KRTA—an annual report that tracks the median value of 145 financial and operational ratios for participating electric distribution cooperatives over the previous five years—since 1975. Based on unaudited data reported by electric distribution cooperatives, KRTA provides electric cooperative CEOs and directors/trustees with a complete picture of their system’s financial performance.

Contacts: Brad Captain Corporate Relations Group publicrelations@nrucfc.coop 800-424-2954