A tale of debts Over the past decade, companies have seen a dramatic shift in the way that they handle cash flows and IT debt. In 2013, companies accumulated a total of $7 trillion in cash and equivalents; this is more than double the amount of cash reserves that was held 10 years prior. However, even as companies hold on to significantly more cash, their IT debt is increasing rapidly. Global IT debt in 2014 totaled $500 billion, and that figure is expected to jump to $1 trillion by next year. Now, those are some big numbers – what precisely do they mean?