CFC Tabulates Initial Results for 2018 Key Ratio Trend Analysis


April 15, 2019

Contacts: Brad Captain, Corporate Relations Group, 800-424-2954

DULLES, Va.—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 CFC
Created 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

About KRTA
CFC 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.