Companies With the Biggest Corporate Debt

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Source: Courtesy of FirstEnergy Corp. via Flickr

40. FirstEnergy (NYSE: FE)
> Long-term debt: $17.8 billion
> Debt-to-equity ratio: 2.61
> Annual revenue: $11.3 billion
> Industry: Utilities

Source: BrokenSphere / Wikimedia Commons

39. PG&E Corp. (NYSE: PCG)
> Long-term debt: $18.6 billion
> Debt-to-equity ratio: 1.44
> Annual revenue: $16.8 billion
> Industry: Utilities

Source: Marko Georgiev / Getty Images

38. Merck (NYSE: MRK)
> Long-term debt: $19.8 billion
> Debt-to-equity ratio: 0.74
> Annual revenue: $42.3 billion
> Industry: Pharmaceuticals

Source: Ron Wurzer / Getty Images

37. UPS (NYSE: UPS)
> Long-term debt: $19.9 billion
> Debt-to-equity ratio: 6.56
> Annual revenue: $71.9 billion
> Industry: Mail, package, and freight delivery

Source: Dan Krauss / Getty Images

36. Cisco Systems (NASDAQ: CSCO)
> Long-term debt: $20.3 billion
> Debt-to-equity ratio: 0.47
> Annual revenue: $49.3 billion
> Industry: Technology