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.