Five of the biggest U.S. stocks are amassing off-balance sheet commitments that add up to an estimated $1.65 trillion. That’s with a T!
A study by Nikkei analyzing recent financial disclosures reveals that off-balance-sheet commitments across five major U.S. technology companies— Alphabet (GOOGL), Microsoft (MSFT), Amazon (AMZN), Meta Platforms (META), and Oracle (ORCL) have surged to $1.65 trillion. This figure represents an eightfold increase over roughly four years and now exceeds the $1.35 trillion in explicit debt recorded on their balance sheets.
