Russell 1000 Debt Maturing After Year 5

## What this measures

The principal of long-term debt that non-financial Russell 1000 companies have scheduled to repay more than five years out, summed across companies, in U.S. dollars (billions). It is one bar of the index's maturity wall: next 12 months, years two to five, and after year five.

## Why it matters

Debt that comes due has to be repaid from cash or refinanced at the rates of the day. A rising near-term wall means more companies must borrow again soon; when rates are higher than the coupons being retired, interest costs rise as the wall rolls over.

## How to read it

Each company contributes the maturity table from its newest annual report (us-gaap LongTermDebtMaturitiesRepaymentsOfPrincipal… facts), so "next 12 months" means the fiscal year after that report and the table can be up to 15 months old. Read it with the share of the wall in this bucket (credit.russell1000.maturity_wall.after5_share), which takes out growth in total debt. Each quarterly reading is dated at a calendar quarter end and uses only facts filed with the SEC on or before that date, as the company first reported them; a later restatement never changes an earlier reading. So a reading mostly reflects balance sheets from the quarter before its date.

## What it does not say

It covers scheduled principal on long-term debt only: commercial paper, revolving credit drawn and other short-term borrowings are not in the tables, and neither are leases. Debt repaid early or refinanced after the annual report still shows until the next one. A table with fewer than three tagged years is left out, an untagged year inside a table counts as zero, and a table whose total is more than ten times the company's other tables within two years is dropped as a unit error. Financial companies are left out: SEC SIC codes 6000 to 6799 from each company's EDGAR submissions file, except real estate and REITs (6500 to 6553 and 6798), which GICS puts in Real Estate. Bank and insurer debt is how they fund their business, and their interest expense is a cost of sales. A reading is published only when at least half of the non-financial members have the inputs on that date; each reading's metadata carries the number of companies in it. Population: Russell 1000 members on each date from Palanor's dated index membership. Membership is dated from 26 September 2026; earlier readings use that day's constituents carried back, so they carry survivorship bias: companies that left the index, were acquired or failed are not in them.

## Source

U.S. Securities and Exchange Commission, EDGAR XBRL financial data (companyfacts API, data.sec.gov) from each company's 10-K and 10-Q filings; calculated by Palanor. SEC filings are public information: "Information presented on sec.gov is considered public information and may be copied or further distributed by users of the web site without the SEC's permission" (sec.gov/privacy).