DREXEL UNIVERSITY
Balance Sheet
Fiscal Year Start:
Jul 1
Assets in 2024 (Year End)
$2,909,630,575
Property, Plant, & Equipment (net)
36%
Investments
35%
Other Assets
19%
Receivables (Non-Related)
8%
Cash & Equivalents
<1%
Prepaid Expenses
<1%
Related-Party Receivables
<1%
Inventories
0%
Liabilities in 2024 (Year End)
$1,515,394,694
Other Liabilities
44%
Tax-Exempt Bond Liabilities
26%
Notes Payable / Debt (Non-Related)
11%
Payables & Accruals
10%
Deferred Revenue
10%
Grants Payable
0%
Custodial & Escrow Liabilities
0%
Related-Party Payables
0%
Assets
2023
2024
Change
Cash & Equivalents
$57,877,066
$21,551,226
-63%
Receivables (Non-Related)
$222,135,901
$222,310,903
+0%
Related-Party Receivables
$731,850
$472,746
-35%
Inventories
-
-
-
Prepaid Expenses
$9,259,352
$11,094,771
+20%
Investments
$943,878,813
$1,031,815,201
+9%
Property, Plant, & Equipment (net)
$1,027,375,162
$1,057,029,593
+3%
Other Assets
$581,150,778
$565,356,135
-3%
Total Assets
$2,842,408,922
$2,909,630,575
+2%
Liabilities
2023
2024
Change
Payables & Accruals
$176,613,418
$148,186,452
-16%
Grants Payable
-
-
-
Deferred Revenue
$142,338,742
$146,409,463
+3%
Tax-Exempt Bond Liabilities
$430,672,293
$387,154,565
-10%
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
$104,100,000
$167,965,000
+61%
Related-Party Payables
-
-
-
Other Liabilities
$667,085,322
$665,679,214
0%
Total Liabilities
$1,520,809,775
$1,515,394,694
0%
Net assets
2023
2024
Change
Restricted Net Assets
$754,695,768
$795,273,143
+5%
Unrestricted Net Assets
$566,903,379
$598,962,738
+6%
Net assets
2023
2024
Change
Net assets
+$1,321,599,147
+$1,394,235,881
+5%
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