NVR · 10-Q · 2026Q3 · Full report

Liquidity and Debt Position

NVR INC · 2026-11-04 · Importance 33 · Surprise 6 · In source text

At September 30, 2026, NVR had approximately $1.100 billion in cash and cash equivalents, $284.6 million of unused committed capacity under its revolving credit facility, and $150 million of unused capacity under its mortgage repurchase facility. Senior Notes had an aggregate principal balance of $900 million and mature in May 2030; future interest payments total $104.6 million, including $27.0 million due within 12 months. There were no borrowings outstanding under either the $300 million unsecured revolving credit agreement or the $150 million mortgage repurchase facility. The credit agreement had approximately $15.4 million of letters of credit outstanding against its $100 million sublimit.

Key facts

• As of September 30, 2026, NVR had approximately $1,100,000 in cash and cash equivalents, $284,600 in unused revolving-credit capacity and $150,000 in unused mortgage-repurchase capacity. source
• NVR's Senior Notes had $900,000 aggregate principal outstanding and mature in May 2030; future interest payments total $104,550, with $27,000 due within twelve months. source
• NVRM's unsecured revolving mortgage repurchase facility provides borrowings up to $150,000, with no borrowings outstanding at September 30, 2026. source
• NVR's Credit Agreement provides $300,000 of revolving commitments and a $100,000 letter-of-credit sublimit, of which approximately $15,400 was outstanding at September 30, 2026; no credit-agreement borrowings were outstanding. source
• NVR stated that its balance sheet strength and disciplined lot acquisition strategy position it to take advantage of opportunities arising from future economic and homebuilding market volatility. source
• NVR stated that current cash, operating cash generation, available credit facilities and access to public debt and equity markets would be sufficient for short- and long-term working-capital needs and contractual obligations. source

Impact estimates