EDITION 5
Janus Henderson
Corporate Debt Index
The Corporate Debt Index is a long-term study into trends in company indebtedness around the world, the investment opportunities this provides and the risks it presents.
Companies paid a record
US$458bn
in interest in 2023/24,
up 24.4% year-on-year
Higher
interest
costs consumed
one eighth (12.4%)
of operating profits
in 2023/24
Janus Henderson
expects borrowing levels to continue to rise in 2024/25 but at an even slower pace,
up by 2.5% to a record US$8.38 trillion
All figures in US dollars, unless otherwise stated. As of March 31, 2024
Le aziende hanno pagato la cifra record di , 458 miliardi di dollari di interessi nel 2023/24,
in aumento del 24,4% su base annua
L'aumento dei costi per interessi
ha rappresentato un ottavo (12,4%)
dell'utile operativo nel 2023/24
Janus Henderson prevede che i livelli di indebitamento continueranno a salire nel 2024/25, ma a un ritmo ancora più lento,
fino alla cifra record di 8.380 miliardi di dollari (+2,5%)
Las empresas pagaron una cifra récord de 458.000 millones de dólares
en intereses en 2023/24,
Un 24,4% más respecto al año anterior.
El aumento de los costes por intereses
consumieron una octava parte (12,4%)
de los beneficios de explotación en 2023/
Janus Henderson
prevé que
los niveles de endeudamiento seguirán aumentando en 2024/25, aunque a un ritmo aún más lento,
subirán un 2,5% hasta alcanzar una cifra récord de 8,38 billones de dólares.
Die Unternehmen zahlten 2023/24 einen Rekordbetrag von
458 Mrd. US-Dollar an Zinsen,
+24,4% im Vergleich zum Vorjahr
Höhere Zinskosten
entfielen auf ein Achtel (12,4%)
des Betriebsgewinns im Jahr 2023/24
Janus Henderson erwartet, dass - die Kreditaufnahme 2024/25 weiter ansteigen wird, allerdings in einem noch langsameren Tempo,
um 2,5% auf den Rekordwert von 8,38 BillionenUS-Dollar
Glossary
| Bond | A bond is parcel of debt. By buying a bond, investors give money to a borrower, usually for a fixed term and for a fixed rate of interest. Bonds can be bought and sold on financial markets, and the value changes over time with varying market conditions. |
| Bond | A bond is parcel of debt. By buying a bond, investors give money to a borrower, usually for a fixed term and for a fixed rate of interest. Bonds can be bought and sold on financial markets, and the value changes over time with varying market conditions. |
| Cyclical Industry | The revenues and profits of an industry rise and fall over the course of an economic cycle. |
| EBIT | Earnings before interest and tax, commonly called operating profit. |
| Equity | The amount of money left over for shareholders if all a company’s assets were liquidated and its assets sold off. |
| Gearing | The ratio of debt to equity finance on the balance sheet – not to the market value of the shares; also called leverage. |
| Leverage | The ratio of debt to equity finance on the balance sheet – not to the market value of the shares; also called gearing. |
| Net Debt | All borrowings minus any cash or cash equivalents. |
| Running Yield | The interest paid on a bond divided by its current market value. |
| Volatility | Rapid, unpredictable, changeability. |
| Yield to Maturity | The interest paid on a bond divided by its current market value, taking account of the capital gain or loss that will occur when the bond matures and is repaid. |