Corporate net debt seen rising as companies spend pandemic cash piles

Companies borrowed a record $1.3 trillion last year but took a cautious approach towards spending it, which left them sitting on some $5.2 trillion in cash, Janus Henderson said. As a result, total debt climbed 10.2% to a record $13.5 trillion for the 2020 financial year, while net debt - calculated as total debt minus cash - rose only marginally to $8.3 trillion.

via Economictimes