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.
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% arenâ€™t. I donâ€™t have the decade-ago data, however.