S&P Companies Without Long-Term Debt

At the end of 2012, there were just 25 S&P 500 companies (e.g., Apple and Yahoo) without long-term debt. The total debt of U.S. corporations remains relatively low. Nonfinancial companies in the S&P 500 had a net debt-to-market capitalization rate of 16.5% at the beginning of March 2013, much lower than the 29.4% average going back to 1967 (source: Deutsche Bank).