According to GnS Economics, Zombie Firms Account for 14% of S&P 1500 Companies

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https://gnseconomics.com/2019/03/11/the-dangerous-zombie-infestation-of-the-world-economy/
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(Wikipedia) “Zombie companies are indebted businesses that, although generating cash, after covering running costs, fixed costs (wages, rates, rent) they only have enough funds to service the interest on their loans, but not the debt itself.[1] As such they generally depend on banks (creditors) for their continued existence, effectively putting them on never-ending life support.” Read more

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According to Yahoo Finance, out of the 45,000 public companies covered by Factset, 17% haven’t been able to generate enough earnings before interest and taxes (EBIT) to cover interest costs for the past three years. Read more

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“Highly indebted ‘zombie’ companies control more than 2 million U.S. jobs”, CNBC

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