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Ranking of the largest companies most indebted relative to their equity

For every dollar contributed by shareholders, how many dollars of debt? Large capitalizations (1 B$ and more) with the highest ratio, fiscal year 2025.

Share prices and capitalizations at 2026-10-29·Reference fiscal year 2025·Calculated on 2026-11-01· 8478 companies ranked
Metric : debt / equity of fiscal year 2025, from highest to lowest. Universe : capitalization of at least 1 billion$, positive equity, retained ratio up to 100 ×. Only companies whose data is published are ranked: a missing value excludes the company, it is never replaced by zero or estimated.
#EnterpriseMarketSector Debt / equityMarket cap
1NextDecade CorporationNEXT🇺🇸United StatesEnergy90,80 ×1,98 billion $
2Japan Securities Finance Co., Ltd.8511.T🇯🇵JapanFinancial Services87,23 ×1,08 billion $
3UWM Holdings CorporationUWMC🇺🇸United StatesFinancial Services72,37 ×2,38 billion $
4RhRH🇺🇸United StatesConsumer Cyclical65,50 ×2,78 billion $
5OVH Groupe S.A.OVH.PA🇫🇷FranceTechnology50,11 ×2,24 billion $
6Helios Towers plcHTWSF🇬🇧United KingdomCommunication Services49,41 ×2,82 billion $
7Federal Home Loan Mortgage CorporationFMCC🇺🇸United StatesFinancial Services48,38 ×2,87 billion $
8Live Nation Entertainment, Inc.LYV🇺🇸United StatesCommunication Services45,91 ×41,44 billion $
9Halozyme Therapeutics, Inc.HALO🇺🇸United StatesHealthcare43,89 ×14,86 billion $
10Ingevity CorporationNGVT🇺🇸United StatesBasic Materials41,84 ×2,55 billion $
11Swan Defence and Heavy Industries Ltd.SWANDEF.NS🇮🇳IndiaIndustrials40,03 ×1,46 billion $
12Federal National Mortgage AssociationFNMAS🇺🇸United StatesFinancial Services38,35 ×5,56 billion $
13TeraWulf Inc.WULF🇺🇸United StatesFinancial Services36,99 ×5,85 billion $
14The Wendy's CompanyWEN🇺🇸United StatesConsumer Cyclical35,31 ×1,37 billion $
15Art Group Holdings Limited0565.HK🇭🇰Hong KongReal Estate32,73 ×1,23 billion $
16H&R Block, Inc.HRB🇺🇸United StatesConsumer Cyclical26,41 ×6,29 billion $
17Uniti Group Inc.UNIT🇺🇸United StatesReal Estate26,35 ×1,23 billion $
18SSP Group plcSSPPF🇬🇧United KingdomConsumer Cyclical26,30 ×1,90 billion $
19Energean plcEERGF🇬🇧United KingdomEnergy25,60 ×1,74 billion $
20Banijay Group N.V.BNJ.AS🇫🇷FranceCommunication Services25,10 ×3,72 billion $
21MGM Resorts InternationalMGM🇺🇸United StatesConsumer Cyclical23,11 ×7,58 billion $
22StorageVault Canada Inc.SVAUF🇨🇦CanadaReal Estate22,58 ×1,06 billion $
23Hainan Airlines Holding Co., Ltd.600221.SS🇨🇳ChinaIndustrials22,21 ×7,47 billion $
24Griffon CorporationGFF🇺🇸United StatesIndustrials21,52 ×4,64 billion $
25Energizer Holdings, Inc.ENR🇺🇸United StatesIndustrials20,79 ×1,59 billion $
26Sinocelltech Group Limited688520.SS🇨🇳ChinaHealthcare20,26 ×2,20 billion $
27The Chemours CompanyCC🇺🇸United StatesBasic Materials18,34 ×2,04 billion $
28Wizz Air Holdings PlcWZZZY🇯🇪OthersIndustrials18,04 ×3,27 billion $
29GoDaddy Inc.GDDY🇺🇸United StatesTechnology17,96 ×14,85 billion $
30Federal Agricultural Mortgage CorporationAGM🇺🇸United StatesFinancial Services17,93 ×1,88 billion $
31The Brink's CompanyBCO🇺🇸United StatesIndustrials17,74 ×4,23 billion $
32TriNet Group, Inc.TNET🇺🇸United StatesIndustrials17,44 ×2,94 billion $
33Alphatec Holdings, Inc.ATEC🇺🇸United StatesHealthcare17,21 ×1,09 billion $
34Liberty Latin America Ltd.LILAK🇧🇲OthersCommunication Services16,60 ×2,49 billion $
35Verisk Analytics, Inc.VRSK🇺🇸United StatesIndustrials16,30 ×25,55 billion $
36BAIC BluePark New Energy Technology Co.,Ltd.600733.SS🇨🇳ChinaConsumer Cyclical15,63 ×3,85 billion $
37China CITIC Financial Asset Management Co., Ltd.2799.HK🇨🇳ChinaFinancial Services15,52 ×5,52 billion $
38Scandic Hotels Group AB (publ)SHOT.ST🇸🇪EuropeConsumer Cyclical15,43 ×2,26 billion $
39AEON Financial Service Co., Ltd.AEOJF🇯🇵JapanFinancial Services14,44 ×1,85 billion $
404iG Nyrt.4IG.BD🇭🇺OthersTechnology14,18 ×1,36 billion $
41Cholamandalam Financial Holdings LimitedCHOLAHLDNG.BO🇮🇳IndiaFinancial Services13,93 ×2,67 billion $
42Sonida Senior Living, Inc.SNDA🇺🇸United StatesHealthcare13,46 ×1,65 billion $
43Inhibrx Biosciences, Inc.INBX🇺🇸United StatesHealthcare13,39 ×1,06 billion $
44Cosan S.A.CSAN3.SA🇧🇷OthersEnergy13,32 ×1,69 billion $
45Blackbaud, Inc.BLKB🇺🇸United StatesTechnology13,16 ×2,41 billion $
46BRP Inc.DOO.TO🇨🇦CanadaConsumer Cyclical12,97 ×4,35 billion $
47DaTang HuaYin Electric Power Co., Ltd.600744.SS🇨🇳ChinaUtilities12,82 ×1,62 billion $
48Genesis Energy, L.P.GEL🇺🇸United StatesEnergy12,79 ×1,79 billion $
49Shinkin Central BankSKCBY🇯🇵JapanFinancial Services12,32 ×15,37 billion $
50American Tower CorporationAMT🇺🇸United StatesReal Estate12,31 ×87,09 billion $
51Brookfield Infrastructure Partners L.P.BIP🇧🇲OthersUtilities12,30 ×17,19 billion $
52Brookfield Infrastructure CorpoBIPH🇺🇸United StatesFinancial Services12,30 ×5,46 billion $
53Shenzhen Clou Electronics Co., Ltd.002121.SZ🇨🇳ChinaIndustrials11,77 ×1,01 billion $
54Choice Hotels International, Inc.CHH🇺🇸United StatesConsumer Cyclical11,76 ×5,06 billion $
55Organon & Co.OGN🇺🇸United StatesHealthcare11,70 ×3,63 billion $
56Delek US Holdings, Inc.DK🇺🇸United StatesEnergy11,70 ×4,50 billion $
57McGraw Hill, Inc.MH🇺🇸United StatesConsumer Defensive11,62 ×2,55 billion $
58Gartner, Inc.IT🇺🇸United StatesTechnology11,31 ×14,45 billion $
59Establishment Labs Holdings Inc.ESTA🇨🇷OthersHealthcare11,23 ×1,86 billion $
60Frontier Group Holdings, Inc.ULCC🇺🇸United StatesIndustrials11,13 ×1,49 billion $
61Vår Energi ASVAR.OL🇳🇴EuropeEnergy11,05 ×16,03 billion $
62Legal & General Group PlcLGGNF🇬🇧United KingdomFinancial Services11,00 ×22,42 billion $
63Atlanticus Holdings CorporationATLC🇺🇸United StatesFinancial Services10,75 ×1,42 billion $
64Daou Technology Inc.023590.KS🇰🇷KoreaTechnology10,44 ×1,04 billion $
65Pepco Group N.V.PCO.WA🇬🇧United KingdomConsumer Defensive10,38 ×7,08 billion $
66FTAI Aviation Ltd.FTAI🇺🇸United StatesIndustrials10,32 ×19,23 billion $
67Qantas Airways LimitedQUBSF🇦🇺AustraliaIndustrials10,23 ×9,70 billion $
68Las Vegas Sands Corp.LVS🇺🇸United StatesConsumer Cyclical10,15 ×23,95 billion $
69The Boeing CompanyBA🇺🇸United StatesIndustrials9,98 ×135,94 billion $
70NRG Energy, Inc.NRG🇺🇸United StatesUtilities9,97 ×20,19 billion $
71Mota-Engil, SGPS, S.A.EGL.LS🇵🇹EuropeIndustrials9,78 ×1,55 billion $
72Fukuoka Financial Group, Inc.FKKFY🇯🇵JapanFinancial Services9,77 ×9,05 billion $
73Jyske Bank A/SJYSK.CO🇩🇰EuropeFinancial Services9,49 ×9,00 billion $
74Insperity, Inc.NSP🇺🇸United StatesIndustrials9,46 ×1,85 billion $
75PJSC MagnitMGNT.ME🇷🇺OthersConsumer Defensive9,45 ×2,24 billion $
76Saga plcSAGA.L🇬🇧United KingdomFinancial Services9,35 ×1,70 billion $
77Macquarie Group LimitedMQBKY🇦🇺AustraliaFinancial Services9,34 ×67,72 billion $
78Cinemark Holdings, Inc.CNK🇺🇸United StatesCommunication Services9,34 ×4,54 billion $
79Ellington Financial Inc.EFC🇺🇸United StatesReal Estate9,25 ×1,47 billion $
80Prosegur Cash, S.A.CASH.MC🇪🇸EuropeIndustrials9,23 ×1,08 billion $
81Basic-Fit N.V.BFIT.AS🇳🇱EuropeConsumer Cyclical9,17 ×2,14 billion $
82PJSC Aeroflot - Russian AirlinesAFLT.ME🇷🇺OthersIndustrials9,15 ×1,84 billion $
83Nomura Holdings, Inc.NMR🇯🇵JapanFinancial Services9,03 ×27,42 billion $
84The Clorox CompanyCLX🇺🇸United StatesConsumer Defensive8,97 ×10,64 billion $
85CoreWeave, Inc. Class A Common StockCRWV🇺🇸United StatesTechnology8,94 ×30,26 billion $
86Svenska Handelsbanken AB (publ)SHB-A.ST🇸🇪EuropeFinancial Services8,78 ×30,81 billion $
87Alexander's, Inc.ALX🇺🇸United StatesReal Estate8,64 ×1,29 billion $
88Japan Display Inc.JNNDF🇯🇵JapanTechnology8,64 ×1,13 billion $
89Asiana Airlines, Inc.020560.KS🇰🇷KoreaIndustrials8,63 ×1,09 billion $
90Plains GP Holdings, L.P.PAGP🇺🇸United StatesEnergy8,54 ×5,62 billion $
91DFI Retail Group Holdings LimitedDFIHY🇭🇰Hong KongConsumer Defensive8,52 ×4,44 billion $
92Grindr Inc.GRND🇺🇸United StatesTechnology8,52 ×2,20 billion $
93Mabwell (Shanghai) Bioscience Co., Ltd.688062.SS🇨🇳ChinaHealthcare8,50 ×1,20 billion $
94Capri Holdings LimitedCPRI🇬🇧United KingdomConsumer Cyclical8,43 ×2,12 billion $
95Albertsons Companies, Inc.ACI🇺🇸United StatesConsumer Defensive8,33 ×6,35 billion $
96China Development Bank Financial Leasing Co., Ltd.1606.HK🇨🇳ChinaFinancial Services8,31 ×2,51 billion $
97Power Finance Corporation LimitedPFC.NS🇮🇳IndiaFinancial Services8,25 ×10,90 billion $
98Sacyr, S.A.SCYR.MC🇪🇸EuropeIndustrials8,25 ×3,60 billion $
99AGNC Investment Corp.AGNC🇺🇸United StatesReal Estate8,21 ×10,25 billion $
100Vail Resorts, Inc.MTN🇺🇸United StatesConsumer Cyclical8,11 ×5,41 billion $
Raw data (JSON)

⚠ Ranking provided for information purposes, based on public data. It does not constitute investment advice. Values may contain source errors and change with financial publications.

Frequently Asked Questions

About this ranking

How is this ranking established?
It ranks companies according to their debt to equity ratio for the reference year 2025, based on annual accounts and published data. No value is estimated: a company without this data is simply excluded.
Are the values comparable between countries?
Yes: it is a ratio or a percentage variation, currency neutral.
Is this ranking investment advice?
No. It is provided purely for informational purposes and does not constitute investment advice. Investing involves the risk of capital loss.

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