For two consecutive years, Central Economic Work Conference mentioned to deleverage, especially this year, clearly stated to deleverage the corporate sector. So how about the level of enterprises leverage in Xinjiang? What is the specific debt risk? By analyzing the main financial indicators characteristics of discontinued, on the verge of bankruptcy or bankrupt enterprise in Xinjiang, this paper summarizes the debt risk assessment index framework. By evaluating the risk of debt of 39 sub-sectors, state-owned enterprises and private enterprises, it finds that heavy industry, especially overcapacity industry asset contribution rate has been less than 1 year the benchmark value of loans for three consecutive years, the short-term asset-liability ratio is close to 160%, the debt risk is significantly greater than the light industry; due to low contribution rate of assets, debt risk ofstate-owned holding enterprises is greater than that of the private sector.