Gross debt
Gross debt is everything the company has borrowed and must repay — short-term borrowings plus long-term debt — before subtracting any cash it holds.
How it is computed here
| Formula | short-term debt + long-term debt |
|---|---|
| Unit | Currency amount |
| Period | One fiscal year, as reported |
| Source | Extracted from SEC filings; every value on an asset page carries the accounting tag and the filing it came from |
| Identifier | divida_bruta |
What goes into the formula
| Short-term debt | Borrowings due within a year, including the portion of long-term debt that matures next year and any drawn revolving facility. |
|---|---|
| Long-term debt | Bonds and loans due after a year. The bulk of most companies' borrowing, and the part whose maturity profile the balance sheet total does not show. |
| What is NOT here | Suppliers waiting to be paid, pension obligations and deferred tax are liabilities but not borrowings, and they are not included. Lease liabilities are included only where the company reports them inside its debt lines. |
A formula without its inputs explained is decoration. Where an input is missing from a filing, the metric is left empty here rather than completed with a zero or an estimate.
How to calculate gross debt, step by step
A company with a maturity next year.
| Long-term debt | $3,200M |
|---|---|
| Current portion of long-term debt | $600M |
| Drawn revolving facility | $200M |
- Short-term debt = 600 + 200 = $800M.
- Gross debt = 800 + 3,200 = $4,000M.
- $800M of it has to be found or refinanced within twelve months.
Result: $4,000M owed, $800M of it soon
The total matters less than the shape. Four billion spread over twenty years is a different company from four billion due in eighteen months.
The figures in this example are illustrative and rounded — they are not a real company. The real figures on this site are the live ones below and on every asset page, each carrying the filing it came from.
What gross debt is good for
Gross debt is what has to be repaid or refinanced regardless of what the cash balance looks like today. In a credit squeeze the cash can be needed elsewhere and the debt still comes due, which is why lenders look at the gross figure and not only the net one.
What this number does not tell you
Gross debt is a total, not a schedule: it says nothing about when the money is due or at what interest rate, and both matter more than the amount. It also ignores obligations that behave exactly like debt but are not filed as it — long leases, pension deficits, purchase commitments. And on its own it overstates the burden of any company sitting on a large cash pile; net debt is the counterpart that corrects for that.
Every metric on this site is published with its blind spot stated. A figure without its limit is half a fact.
Highest reported gross debt
| FNMAFEDERAL NATIONAL MORTGAGE ASSOCIATION | $4.2T |
|---|---|
| JPMJPMORGAN CHASE & CO | $500.0B |
| CCitigroup Inc | $367.7B |
| BACBofA Finance LLC | $365.9B |
| MSMORGAN STANLEY | $341.7B |
| FMCCFederal Home Loan Mortgage Corporation | $207.0B |
| WFCWELLS FARGO & COMPANY/MN | $193.0B |
| VZVERIZON COMMUNICATIONS INC | $158.2B |
From the most recent fiscal year of each company. Only companies reporting in US dollars are ranked here — a figure in yen or won is not larger, it is in another currency.
See it in a published filing
These pages show the figure across up to nineteen fiscal years, with the accounting tag and the filing behind every value.