DataLatest filings as of Sep 30, 2026
Which big tech companies carry the most debt?
Total borrowings vs cash & investments, latest quarterly filings
| # | Company | Total debt | Cash & investments | Net debt (cash) | Period end | Verdict |
|---|---|---|---|---|---|---|
| 1 |  Amazon AMZN | $132.5B | $123.0B | $9.5B | Jun 30, 2026 | Debt exceeds cash & investments by $9.5 bn |
| 2 |  Oracle ORCL | $125.3B | $37.1B | $88.2B | Aug 31, 2026 | Debt exceeds cash & investments by $88.2 bn |
| 3 |  Alphabet GOOGL | $100.2B | $242.5B | Net cash $142.3B | Jun 30, 2026 | Holds $142.3 bn more cash than debt |
| 4 |  Apple AAPL | $84.3B | $146.5B | Net cash $62.2B | Jun 27, 2026 | Holds $62.2 bn more cash than debt |
| 5 |  Meta META | $83.7B | $90.3B | Net cash $6.6B | Jun 30, 2026 | Holds $6.6 bn more cash than debt |
| 6 |  IBM IBM | $62.0B | $8.1B | $53.9B | Jun 30, 2026 | Debt exceeds cash & investments by $53.9 bn |
| 7 |  Intel INTC | $50.5B | $29.7B | $20.8B | Jun 27, 2026 | Debt exceeds cash & investments by $20.8 bn |
| 8 |  Microsoft MSFT | $40.3B | $76.8B | Net cash $36.5B | Jun 30, 2026 | Holds $36.5 bn more cash than debt |
| 9 |  Nvidia NVDA | $33.4B | $56.6B | Net cash $23.2B | Jul 26, 2026 | Holds $23.2 bn more cash than debt |
| 10 |  Cisco CSCO | $29.5B | $15.9B | $13.6B | Jul 25, 2026 | Debt exceeds cash & investments by $13.6 bn |
Key takeaways
- Amazon and Oracle each carry more than $125 bn of debt; Oracle's is backed by about $37 bn of cash.
- Alphabet holds $142.3 bn more cash than debt, the largest net cash position in the group.
- Five of the ten hold more cash and investments than debt; Oracle and IBM have the largest net debt.
How we calculated this
Figures in USD billions from each company's latest 10-Q or 10-K balance sheet on SEC EDGAR (balance-sheet dates 2026-06-27 to 2026-08-31, so periods differ). Total debt = short-term borrowings/commercial paper + current portion of long-term debt + long-term debt, at carrying value. Lease obligations are not counted as debt: operating leases are excluded for all, and finance leases for all except IBM, whose reported debt includes them (and its financing arm's debt). Leases are large for some companies, e.g. Microsoft's finance leases of about $66.6 billion. Cash & investments = cash and cash equivalents + marketable debt securities/short-term investments (plus Apple's non-current marketable securities); equity stakes and non-marketable investments are excluded. Net debt = total debt minus cash & investments; a negative value means net cash. Each figure was taken from XBRL company facts and checked against the filing's rendered balance sheet.
Latest filings as of Sep 30, 2026. Figures come from company filings and releases; each was checked twice against the source. Not investment advice. See our fact-checking and corrections policies.