The amount of cash in your bank account has nothing to do with the amount of debt you have. In many cases the more debt you have the more cash you have because

The amount of cash in your bank account has nothing to do with the amount of debt you have. In many cases the more debt you have the more cash you have because when you raise that debt through a bond issuance corporations receive the cash before spending it. It isn't like it is in the consumer world where you typically only acquire debt as loan for an asset (car, home, etc).