美国企业资产负债表
美国商业部门资产负债表由美联储在《金融账户》中发布，并列呈现美国企业的两大组成部分：其一是包含资产、债务、股权市值及基于此构建的杠杆率的非金融公司制企业；其二是净资产表现为所有者权益、债务主要为抵押贷款的非公司制企业（包括合伙企业、有限责任公司及个体独资企业）。
正在加载图表数据…
| 指标 | Q2-2026 | Q1-2026 | Q4-2025 | Q3-2025 | Q2-2025 | Q1-2025 | Q4-2024 | Q3-2024 | Q2-2024 | Q1-2024 | Q4-2023 | Q3-2023 | Q2-2023 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 非金融公司制企业6 | ||||||||||||||
| 总资产2 | 70,792.6 | 68,893.41 | 67,551.25 | 66,124.91 | 64,110.82 | 62,775.83 | 62,595.54 | 62,237.6 | 61,801.21 | 61,514.09 | 61,117.85 | 60,601.92 | 60,713.78 | |
| 非金融资产4 | 32,763.14 | 32,458.1 | 31,582.89 | 31,397.41 | 30,191.1 | 30,177.15 | 30,240.5 | 29,724.99 | 29,935.93 | 29,699.42 | 29,688.5 | 30,509.3 | 30,496.99 | |
| 房地产（市值） | 16,614.96 | 16,629.07 | 16,094.91 | 16,136.56 | 15,223.66 | 15,374.19 | 15,644.37 | 15,276.49 | 15,643.99 | 15,548.78 | 15,705.04 | 16,649.26 | 16,804.44 | |
| 设备 | 7,519.32 | 7,349.85 | 7,211.46 | 7,097.47 | 6,945.01 | 6,836.4 | 6,779.3 | 6,743.54 | 6,678.3 | 6,620.54 | 6,539.78 | 6,497.8 | 6,431.49 | |
| 知识产权产品 | 4,776.55 | 4,674.65 | 4,583.89 | 4,473.13 | 4,371.93 | 4,307.51 | 4,242.63 | 4,163.21 | 4,086.65 | 4,016.37 | 3,947.8 | 3,864.65 | 3,798.79 | |
| 存货 | 3,852.3 | 3,804.53 | 3,692.64 | 3,690.25 | 3,650.5 | 3,659.05 | 3,574.19 | 3,541.76 | 3,526.99 | 3,513.74 | 3,495.88 | 3,497.59 | 3,462.26 | |
| 金融资产13 | 38,029.46 | 36,435.31 | 35,968.36 | 34,727.5 | 33,919.72 | 32,598.67 | 32,355.04 | 32,512.6 | 31,865.28 | 31,814.67 | 31,429.36 | 30,092.61 | 30,216.79 | |
| 支票存款与货币 | 2,785.79 | 2,542.7 | 2,604.22 | 2,401.79 | 2,334.68 | 2,309.36 | 2,336.07 | 2,217.56 | 2,041.81 | 1,924.79 | 1,917.23 | 1,981.71 | 1,859.63 | |
| 定期与储蓄存款 | 503.96 | 471.2 | 446.97 | 406.03 | 382.3 | 394.65 | 429.51 | 418.27 | 436.13 | 436.63 | 434 | 402.91 | 382.09 | |
| 境外存款 | 228.95 | 227.78 | 229.01 | 208.31 | 226.28 | 225.04 | 215.08 | 236.64 | 258.26 | 246.25 | 245.78 | 222.35 | 218.38 | |
| 持有的债务证券5 | 631.39 | 597.68 | 597.71 | 572.87 | 560.64 | 554.66 | 542.47 | 537.89 | 462.97 | 444.65 | 400.06 | 435.93 | 400.04 | |
| 商业票据 | 300.83 | 258.83 | 244.5 | 227.51 | 222.24 | 217.86 | 216.91 | 244.04 | 247.79 | 226.1 | 209.83 | 251.17 | 220.46 | |
| 美国国债 | 218.58 | 225.24 | 236.35 | 231.44 | 226.53 | 225.31 | 215.91 | 191.59 | 132.51 | 133.16 | 111.42 | 106.86 | 101.54 | |
| 机构及GSE支持证券 | 71.73 | 73.95 | 77.48 | 75.7 | 74.09 | 73.53 | 71.97 | 63.87 | 44.17 | 44.39 | 37.14 | 35.62 | 33.85 | |
| 市政证券 | 26.27 | 25.61 | 25.54 | 25.22 | 24.48 | 24.24 | 24.3 | 24.97 | 24.56 | 24.6 | 24.91 | 24.37 | 26.56 | |
| 公司与外国债券 | 13.98 | 14.06 | 13.85 | 13 | 13.3 | 13.73 | 13.4 | 13.42 | 13.95 | 16.41 | 16.76 | 17.9 | 17.63 | |
| 持有的贷款2 | 288.51 | 259.48 | 238.92 | 241.6 | 211.99 | 205.93 | 193.56 | 179.89 | 173.18 | 176.05 | 168.25 | 166.69 | 165.26 | |
| 证券回购协议 | 137.48 | 109.3 | 89.82 | 92.58 | 65.14 | 60.86 | 50.36 | 36.68 | 29.75 | 35.28 | 27.02 | 30.52 | 32.62 | |
| 持有的抵押贷款 | 151.03 | 150.18 | 149.11 | 149.01 | 146.85 | 145.07 | 143.2 | 143.21 | 143.43 | 140.76 | 141.23 | 136.17 | 132.64 | |
| 持有的公司股票 | 3,866.85 | 3,403.77 | 3,614.21 | 3,576.76 | 3,360.38 | 3,077.32 | 3,260.49 | 3,278 | 3,185.39 | 3,141.34 | 2,913.84 | 2,640.74 | 2,762.73 | |
| 对外直接投资：股权 | 11,072.18 | 10,124.3 | 10,194.62 | 9,728.41 | 9,167.33 | 8,347.9 | 8,028.07 | 8,580.96 | 8,109.98 | 8,092.68 | 7,583.07 | 6,940.12 | 7,335.79 | |
| 房利美与农业信贷系统股权 | 2.25 | 2.29 | 2.17 | 2.08 | 2.14 | 2.2 | 2.09 | 2.02 | 2.04 | 2 | 1.92 | 1.89 | 1.94 | |
| 货币市场基金份额 | 1,119.82 | 1,102.1 | 1,098.1 | 1,035.86 | 991.35 | 982.12 | 962.22 | 913.32 | 878.27 | 873.01 | 873.74 | 852.1 | 825.03 | |
| 共同基金份额 | 454.28 | 416.43 | 432.18 | 432.12 | 416.61 | 392.16 | 405.37 | 401.09 | 370.87 | 356.03 | 325.18 | 305.8 | 327.01 | |
| 应收账款 | 6,452.47 | 6,198.34 | 5,931.51 | 5,850.28 | 5,788.19 | 5,744.5 | 5,580.39 | 5,375.07 | 5,332.71 | 5,183.38 | 5,244.73 | 5,240.29 | 5,065.17 | |
| 对外直接投资：公司间债务 | -53.21 | -57.56 | -53.86 | -86.77 | -80.07 | -34.6 | -56.62 | -56.98 | -75.75 | -42.8 | -49.83 | -55.99 | -74.5 | |
| 杂项资产 | 10,676.23 | 11,146.81 | 10,632.62 | 10,358.17 | 10,557.89 | 10,397.44 | 10,456.35 | 10,428.88 | 10,689.41 | 10,980.69 | 11,371.4 | 10,958.09 | 10,948.24 | |
| 负债与权益总额2 | 126,430.93 | 112,224.77 | 113,476.39 | 111,257.36 | 105,671.87 | 99,160.37 | 101,844.36 | 100,383.96 | 96,397.15 | 94,893.49 | 89,834.59 | 84,126.08 | 85,845.14 | |
| 负债总额6 | 31,694.96 | 31,157.52 | 30,460.91 | 30,038.49 | 29,967.81 | 29,876.2 | 29,269.17 | 29,123.54 | 29,037.35 | 29,039.03 | 29,653.71 | 29,472.5 | 28,912.64 | |
| 债务证券3 | 9,190.04 | 9,136.22 | 8,939.35 | 8,898.65 | 8,824.58 | 8,808.46 | 8,639.45 | 8,649.21 | 8,545.06 | 8,487.41 | 8,355.69 | 8,328.44 | 8,300.27 | |
| 商业票据 | 256.53 | 284.42 | 210.88 | 227.69 | 253.91 | 235.86 | 196.31 | 192.04 | 211.89 | 232.37 | 217.96 | 203.15 | 192.67 | |
| 市政证券（工业收入债券） | 655.51 | 655.57 | 653.15 | 650.01 | 654.16 | 644.21 | 637.83 | 638.94 | 636.66 | 629.69 | 624.76 | 626 | 629.11 | |
| 公司债券 | 8,277.99 | 8,196.24 | 8,075.32 | 8,020.95 | 7,916.52 | 7,928.4 | 7,805.31 | 7,818.23 | 7,696.51 | 7,625.35 | 7,512.97 | 7,499.29 | 7,478.48 | |
| 贷款4 | 6,517.8 | 6,382.76 | 6,230.04 | 6,117.53 | 6,027.63 | 5,912.74 | 5,908.82 | 5,941.14 | 5,870.97 | 5,762.48 | 5,721.13 | 5,684.89 | 5,682.84 | |
| 存款机构贷款（未另分类） | 1,372.29 | 1,332.36 | 1,256.42 | 1,228.19 | 1,229.8 | 1,215.35 | 1,290.6 | 1,392.29 | 1,397.3 | 1,378.18 | 1,377.6 | 1,368.26 | 1,386.61 | |
| 私募信贷贷款 | 1,120.85 | 1,104.96 | 1,087.9 | 1,031.07 | 990.14 | 948.67 | 916.88 | 846.01 | 815.37 | 778.09 | 764.52 | 718.03 | 695.38 | |
| 其他贷款和垫款 | 2,545.12 | 2,480.6 | 2,436.4 | 2,428.54 | 2,400.46 | 2,358.46 | 2,315.55 | 2,322.06 | 2,295.32 | 2,247.81 | 2,227.76 | 2,265.52 | 2,277.78 | |
| 抵押贷款 | 1,479.55 | 1,464.85 | 1,449.32 | 1,429.74 | 1,407.23 | 1,390.27 | 1,385.8 | 1,380.78 | 1,362.99 | 1,358.4 | 1,351.25 | 1,333.07 | 1,323.07 | |
| 应付账款 | 4,692.48 | 4,506.36 | 4,312.95 | 4,238.91 | 4,118.09 | 4,030.82 | 3,901.33 | 3,859.92 | 3,794.6 | 3,723.48 | 3,852.25 | 3,837.99 | 3,637.65 | |
| 应交税费 | 218.08 | 215.72 | 200.36 | 214.28 | 244.71 | 370.13 | 266.46 | 251.57 | 244.12 | 283.97 | 249.7 | 259.95 | 254.21 | |
| 外国在美直接投资：公司间债务 | 313.74 | 309.66 | 295.8 | 304.77 | 317.75 | 333.18 | 340.46 | 361.25 | 351.74 | 341.73 | 325.81 | 332.28 | 343.31 | |
| 杂项负债 | 10,762.82 | 10,606.79 | 10,482.42 | 10,264.34 | 10,435.05 | 10,420.86 | 10,212.65 | 10,060.46 | 10,230.87 | 10,439.96 | 11,149.13 | 11,028.95 | 10,694.35 | |
| 权益总额（市值）2 | 94,735.98 | 81,067.24 | 83,015.48 | 81,218.87 | 75,704.07 | 69,284.17 | 72,575.19 | 71,260.42 | 67,359.8 | 65,854.46 | 60,180.88 | 54,653.58 | 56,932.5 | |
| 公司股票 | 83,050.85 | 70,018.38 | 71,994.89 | 70,397.23 | 65,333.34 | 59,428.55 | 62,768.04 | 61,380.06 | 58,193.42 | 56,650.78 | 51,751.51 | 46,927.84 | 48,933.43 | |
| 外国在美直接投资：股权 | 11,685.13 | 11,048.86 | 11,020.59 | 10,821.65 | 10,370.73 | 9,855.62 | 9,807.15 | 9,880.36 | 9,166.38 | 9,203.68 | 8,429.37 | 7,725.74 | 7,999.07 | |
| 净资产（市值） | 39,097.64 | 37,735.88 | 37,090.34 | 36,086.43 | 34,143.01 | 32,899.62 | 33,326.37 | 33,114.05 | 32,763.86 | 32,475.06 | 31,464.15 | 31,129.42 | 31,801.14 | |
| 公司股票占净资产比例 | 242.31 | 214.83 | 223.82 | 225.07 | 221.73 | 210.59 | 217.77 | 215.2 | 205.59 | 202.78 | 191.27 | 175.57 | 179.03 | |
| 债务占股票市值比例 | 16.58 | 19.14 | 18.27 | 18.49 | 19.62 | 21.25 | 20.05 | 20.47 | 21.4 | 21.64 | 23.39 | 25.64 | 24.56 | |
| 债务占净资产比例 | 40.18 | 41.13 | 40.9 | 41.61 | 43.5 | 44.75 | 43.65 | 44.06 | 44 | 43.88 | 44.74 | 45.02 | 43.97 | |
| 非公司制企业（合伙企业、LLC及独资企业）4 | ||||||||||||||
| 总资产2 | 30,719.67 | 30,402.53 | 29,888.75 | 29,672.31 | 29,186.7 | 28,957.08 | 28,871.22 | 28,546.9 | 28,428.26 | 28,138.69 | 28,136.78 | 28,375.56 | 28,179.29 | |
| 非金融资产4 | 19,757.52 | 19,578.45 | 19,356.14 | 19,355.19 | 19,031.35 | 18,974.82 | 19,024.14 | 18,837.23 | 18,816.65 | 18,628.97 | 18,750.14 | 19,147.71 | 19,109.74 | |
| 房地产（市值）2 | 17,650.09 | 17,466.86 | 17,304.62 | 17,290.19 | 17,024.87 | 16,974.58 | 17,038.34 | 16,878.17 | 16,875.24 | 16,707.94 | 16,858.42 | 17,267.66 | 17,248.63 | |
| 住宅房地产 | 10,603.43 | 10,437.94 | 10,436.23 | 10,428.41 | 10,436.38 | 10,352.35 | 10,341.84 | 10,316.62 | 10,231.36 | 10,116.54 | 10,230.67 | 10,392.12 | 10,355.85 | |
| 非住宅房地产 | 7,046.66 | 7,028.92 | 6,868.4 | 6,861.78 | 6,588.5 | 6,622.23 | 6,696.51 | 6,561.54 | 6,643.88 | 6,591.4 | 6,627.75 | 6,875.54 | 6,892.78 | |
| 设备2 | 1,184.89 | 1,173.49 | 1,167.36 | 1,164.71 | 1,156.38 | 1,152.66 | 1,161.74 | 1,157.38 | 1,146.94 | 1,138.97 | 1,124.44 | 1,118.99 | 1,109.67 | |
| 住宅设备 | 95.62 | 95.39 | 95.13 | 94.1 | 92.74 | 88.94 | 89.95 | 90.24 | 89.48 | 90.52 | 89 | 89.31 | 89.83 | |
| 非住宅设备 | 1,089.26 | 1,078.1 | 1,072.24 | 1,070.61 | 1,063.64 | 1,063.72 | 1,071.8 | 1,067.14 | 1,057.46 | 1,048.45 | 1,035.44 | 1,029.68 | 1,019.85 | |
| 知识产权产品 | 530.6 | 519.6 | 510.26 | 499.95 | 492.04 | 488.33 | 484.93 | 472.31 | 462.48 | 455.24 | 449.46 | 435.95 | 427.26 | |
| 存货 | 391.94 | 418.5 | 373.89 | 400.33 | 358.05 | 359.25 | 339.12 | 329.38 | 331.99 | 326.83 | 317.82 | 325.11 | 324.18 | |
| 金融资产8 | 10,962.15 | 10,824.08 | 10,532.62 | 10,317.12 | 10,155.35 | 9,982.26 | 9,847.08 | 9,709.67 | 9,611.62 | 9,509.72 | 9,386.64 | 9,227.85 | 9,069.55 | |
| 支票存款与货币 | 571.04 | 563.28 | 549.86 | 540.09 | 533.01 | 525.37 | 519.59 | 511.59 | 505.55 | 499.31 | 492.03 | 489.98 | 487.95 | |
| 定期与储蓄存款 | 1,697.02 | 1,673.21 | 1,631.63 | 1,597.44 | 1,571.65 | 1,544.09 | 1,522.46 | 1,501.61 | 1,486.92 | 1,471.63 | 1,453.02 | 1,446.68 | 1,440.33 | |
| 货币市场基金份额 | 160.98 | 158.72 | 154.78 | 151.53 | 149.09 | 146.47 | 144.42 | 142.44 | 141.05 | 139.6 | 137.83 | 137.2 | 136.57 | |
| 持有的债务证券2 | 99.14 | 97.7 | 95.27 | 93.27 | 91.77 | 90.16 | 88.89 | 87.68 | 86.82 | 85.93 | 84.84 | 85.06 | 85.29 | |
| 美国政府证券 | 94.78 | 93.4 | 91.08 | 89.17 | 87.73 | 86.19 | 84.98 | 83.82 | 83 | 82.15 | 81.11 | 81.46 | 81.81 | |
| 市政证券 | 4.36 | 4.3 | 4.19 | 4.11 | 4.04 | 3.97 | 3.91 | 3.86 | 3.82 | 3.78 | 3.73 | 3.61 | 3.48 | |
| 持有的贷款（抵押贷款） | 68.82 | 67.86 | 66.17 | 64.78 | 63.74 | 62.62 | 61.74 | 60.9 | 60.3 | 59.68 | 58.92 | 57.65 | 56.39 | |
| 农业信贷系统股权 | 20.34 | 19.59 | 19.76 | 19.33 | 19.08 | 18.81 | 19.14 | 18.61 | 18.72 | 18.11 | 18.29 | 17.9 | 17.63 | |
| 应收账款 | 1,476.7 | 1,455.99 | 1,419.8 | 1,390.05 | 1,367.61 | 1,343.62 | 1,324.8 | 1,306.66 | 1,293.88 | 1,280.57 | 1,264.38 | 1,239.07 | 1,213.76 | |
| 杂项资产3 | 6,868.11 | 6,787.75 | 6,595.37 | 6,460.62 | 6,359.42 | 6,251.13 | 6,166.04 | 6,080.17 | 6,018.39 | 5,954.89 | 5,877.32 | 5,754.31 | 5,631.66 | |
| 应收财产及意外险公司款项 | 193.91 | 190.22 | 190.19 | 192.1 | 192.21 | 192.3 | 191.56 | 189.54 | 183.07 | 177.34 | 172.36 | 171.17 | 168.06 | |
| IEEPA关税退税应收款 | 9.86 | 24.75 | ||||||||||||
| 未明确杂项资产 | 6,664.34 | 6,572.78 | 6,405.18 | 6,268.52 | 6,167.21 | 6,058.83 | 5,974.48 | 5,890.63 | 5,835.32 | 5,777.55 | 5,704.96 | 5,583.08 | 5,463.05 | |
| 负债总额5 | 14,029.25 | 13,868.66 | 13,610.27 | 13,349.77 | 13,174.85 | 12,991.37 | 12,855.86 | 12,695.73 | 12,587.96 | 12,470.07 | 12,343.45 | 12,236.42 | 12,111.65 | |
| 贷款4 | 8,272.33 | 8,212.07 | 8,122.08 | 7,994.18 | 7,924.71 | 7,854.01 | 7,804.28 | 7,726.54 | 7,680.78 | 7,625.47 | 7,578.05 | 7,539.81 | 7,511.75 | |
| 存款机构贷款（未另分类） | 1,670.29 | 1,654.18 | 1,611.84 | 1,599.75 | 1,603.38 | 1,584.71 | 1,578.08 | 1,569.38 | 1,577.59 | 1,569.39 | 1,569.29 | 1,569.38 | 1,588.12 | |
| 私募信贷贷款 | 230.74 | 226.11 | 222.74 | 208.89 | 198.3 | 188.42 | 181.7 | 168.85 | 162.44 | 154.07 | 148.12 | 139.83 | 136.15 | |
| 抵押贷款 | 5,826.52 | 5,786.66 | 5,745.73 | 5,678.63 | 5,617.5 | 5,576.02 | 5,541.01 | 5,496.81 | 5,455.37 | 5,424.74 | 5,383.39 | 5,358.29 | 5,318.54 | |
| 其他贷款和垫款 | 544.79 | 545.13 | 541.76 | 506.91 | 505.53 | 504.86 | 503.49 | 491.5 | 485.38 | 477.28 | 477.24 | 472.31 | 468.95 | |
| 应付账款 | 883.83 | 874.64 | 865.38 | 863.44 | 856.46 | 848.88 | 845.71 | 842.78 | 836.93 | 832.54 | 824.76 | 830.77 | 832.1 | |
| 应交税费 | 266.47 | 263.58 | 258.52 | 254.36 | 251.23 | 247.87 | 245.24 | 242.71 | 240.92 | 239.06 | 236.8 | 235.03 | 233.26 | |
| 外国在美房地产企业直接投资：公司间债务 | 4.21 | 4.11 | 4.04 | 4.12 | 4.31 | 4.53 | 4.64 | 4.91 | 4.95 | 5.24 | 4.98 | 4.13 | 4.19 | |
| 未明确杂项负债 | 4,602.4 | 4,514.26 | 4,360.25 | 4,233.67 | 4,138.15 | 4,036.07 | 3,955.98 | 3,878.79 | 3,824.38 | 3,767.76 | 3,698.86 | 3,626.69 | 3,530.35 | |
| 净资产（业主权益） | 16,690.42 | 16,533.88 | 16,278.49 | 16,322.54 | 16,011.85 | 15,965.71 | 16,015.36 | 15,851.17 | 15,840.3 | 15,668.62 | 15,793.34 | 16,139.14 | 16,067.65 | |
| 债务占净资产比例 | 49.56 | 49.67 | 49.89 | 48.98 | 49.49 | 49.19 | 48.73 | 48.74 | 48.49 | 48.67 | 47.98 | 46.72 | 46.75 |
最新值
本页序列为季度，时间跨度从1945年第4季度至2026年第2季度。来源：美联储理事会 - 美国金融账户（Z.1）。
常见问题
- 美国企业资产负债表的最新值是多少？
- 负债总额在2026年第2季度为31.69万亿美元。较2026年第1季度+1.7%，较上年同期+5.8%。
- 美国企业资产负债表的数据可追溯至何时？
- 本页序列为季度，时间跨度从1945年第4季度至2026年第2季度。来源：美联储理事会 - 美国金融账户（Z.1）。本数据表中的每个序列均可查看全历史图表，并支持下载为CSV或Excel格式。
- 美国企业资产负债表反映了什么？
- 反映了美国非金融公司制企业与非金融非公司制企业的资产、负债和净值，涵盖房地产、设备、存货、债务和股权等项目。
- 该数据由谁发布，多久更新一次？
- 美联储理事会在美国金融账户报告（Z.1）中按季度发布该数据，时间序列可追溯至1945年第四季度。
- 这里的公司制企业与非公司制企业有何区别？
- 公司制企业涵盖采用公司形式组织的企业；非公司制企业包括合伙企业、独资企业及类似实体，后者持有的房地产比例要大得多。
- 分析师为何关注企业资产负债表？
- 因为企业债务占资产比率以及流动资产水平反映了企业在信贷条件收紧之前进行投资或抵御经济下行的缓冲空间。