In this article, we will list the 9 most indebted companies in the world in 2024. If you want to read our discussion about interest rates and corporate debt, go to the 25 Most Indebted Companies in the World in 2024.
9 – Santander Papeis Imobiliarios
Total Debt – $341.16 B
Santander Papeis Imobiliarios is 9th on our list of the 25 most indebted companies in the world in 2024. It is a real estate investment fund in Brazil that utilizes debt as part of its financial strategy to acquire properties and generate returns for investors.
8 – Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG)
Total Debt – $345.08 B
Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG) is one of the leading Japanese financial groups that offer financial services to individuals, businesses, and institutions. While Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG) is one of the most indebted companies in the world in 2024, it has a ‘A-‘ Long-Term Issuer Default Ratings (IDRs) affirmed by Fitch Ratings, with a stable outlook.
7 – Agricultural Bank of China
Total Debt – $354.89 B
The Agricultural Bank of China is 7th on our list of the 25 most indebted companies in the world in 2024. It provides a wide range of financial services, including banking, insurance, and asset management, with a strong presence in both urban and rural areas.
6 – UBS Group AG (NYSE:UBS)
Total Debt – $366.10 B
UBS Group AG (NYSE:UBS) is a prominent Swiss multinational investment bank. However, it recently faced challenges related to legacy litigation cases, particularly involving toxic US mortgages, which impacted its financial performance and required additional provisions to address these issues. These legal costs have contributed to the high debt levels of UBS Group AG (NYSE:UBS).
5 – BNP Paribas
Total Debt – $403.36 B
BNP Paribas is among the top five most indebted companies in the world in 2024. It is one of the largest banks in the world that offers a wide range of financial services to individuals, companies, and institutions.
4 – JPMorgan Chase & Co. (NYSE:JPM)
Total Debt – $436.53 B
JPMorgan Chase & Co. (NYSE:JPM) is one of the leading American multinational banks and financial services company. One of the reasons for the high debt of JPMorgan Chase & Co. (NYSE:JPM) is its strategic growth through various acquisitions and mergers, which often involve taking on debt to finance.
3 – Pampa Energía S.A. (NYSE:PAM)
Total Debt – $578.51 B
Pampa Energía S.A. (NYSE:PAM) is one of the top three most indebted companies in the world. It is the largest independent energy company in Argentina, with a significant presence in the electricity and oil and gas value chain. Pampa Energía S.A. (NYSE:PAM)’s involvement in capital-intensive energy sectors, particularly oil and gas exploration, is one of the reasons for its high debt levels.
2 – Federal Home Loan Mortgage Corp (OTCMKTS:FMCC)
Total Debt – $3.214 T
Federal Home Loan Mortgage Corp is second on our list of the 25 most indebted companies in the world in 2024. Its core business involves purchasing mortgages from lenders to provide liquidity to the housing market. This activity requires substantial funding, which can contribute to the company’s debt levels.
1 – Federal National Mortgage Association (OTCMKTS:FNMA)
Total Debt –$4.222 T
Federal National Mortgage Association (OTCMKTS:FNMA) tops our list of the most indebted companies in the world in 2024. It is a government-sponsored enterprise that plays a critical role in the US housing market by providing liquidity to the mortgage market. Its primary function involves purchasing and guaranteeing mortgages from lenders, which requires substantial funding and contributes to the company’s debt level.
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