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It’s no secret that many companies, both in the United States and abroad, have dramatically increased the amount of cash they keep on hand, in large part by increasing their long-term debt load. REL Consulting, which is a division of The Hackett Group, and CFO Magazine recently analyzed the financial statements of the 1,000 largest U.S.-headquartered public companies that are not in the financial sector. They found that among these companies, long-term debt has more than doubled over the past 12 years and has grown nearly 20 percent in the past three years.

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