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November 19, 2008
Debt-Free Business: Japan vs U.S.
Interesting stat about debt among Japanese public companies. It points to one possible future for U.S. firms:
Almost a quarter of all companies listed on the Tokyo Stock Exchange are debt-free compared with 6 percent a decade ago.
[via Bloomberg]
According to my quick analysis, out of 2,368 public companies on U.S. markets with a market cap greater than $250m and a current share price of $2 or more, 14% are debt-free, which means 86% aren’t. I don’t have the decade-ago data, however.
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