As of 2026, Boeing carries a significant amount of debt, a financial burden that escalated sharply following the 737 MAX groundings and the global pandemic. At its peak, the company's consolidated debt surpassed $50 billion, as it was forced to borrow heavily to maintain liquidity while production lines were stalled and delivery payments were delayed. While Boeing has been working aggressively to pay down this debt through increased delivery rates of the 787 Dreamliner and the 737 MAX, its balance sheet remains under intense scrutiny from credit rating agencies like Moody's and S&P. The company’s financial health is a complex puzzle; it generates massive revenue from its Defense, Space & Security wing, but the Commercial Airplanes division has faced numerous quality control setbacks that have triggered expensive compensation packages for airlines. For Boeing, managing this "debt mountain" is a long-term strategic priority, as high interest payments eat into the capital needed for Research and Development on their next-generation "clean sheet" aircraft, which is vital to competing with Airbus over the next decade.