Question: What Companies Are Debt Free?

Is Facebook Debt Free?

By 2021 the company could be approaching an Apple-like $100 billion in cash, and unlike Apple, Facebook has no long-term debt..

What is virtually debt free?

Company has cash reserves in excess of the loans it has taken. Companies take loan for saving tax or for maintaining some working capital cash flow obligations. Such comes are called virtually debt free because they can offset their cash reserves with outstanding loan at any point of time.

Is Nestle debt free?

Despite its noteworthy liabilities, Nestlé India boasts net cash, so it’s fair to say it does not have a heavy debt load! … During the last three years, Nestlé India produced sturdy free cash flow equating to 53% of its EBIT, about what we’d expect.

Is it good for a company to have no debt?

Companies without debt don’t face this risk. There are no required payments, no threat of bankruptcy if the payments aren’t made. Therefore, debt increases the company’s risk. Some people say that all companies should have some debt.

Is Ashok Leyland debt free?

Commercial vehicle manufacturer Ashok Leyland Ltd. is expected to be a debt-free company in two years’ time, as it expects a pick-up in volumes from the third quarter of FY21, a top company executive said. … ALL had a net debt of ₹2,000 crore during March 2020.

Why is Infosys not in debt?

INFY has no debt as well as ample cash to cover its near-term commitments. Its safe operations reduces risk for the company and shareholders, though, some degree of debt may also ramp up earnings growth and operational efficiency.

Which company has no debt?

If a company has zero debt on its balance sheet, then it is known as a debt-free company….Hindustan Unilever. … HDFC Life Insurance. … SBI Life Insurance. … ICICI Prudential Life Insurance. … HDFC AMC. … Bajaj Holdings & Investment Limited (BHIL) … SKF India.More items…•

How do I find a debt free company?

Here is exactly what you need to do to find the list of debt free companies in India using Screener website:Go to the screener.Login with your credentials (email id and password)Scroll down to find the query builder.In the query builder, write the following: … Run the query.More items…•

Is Maruti debt free company?

Tata Consultancy Services (TCS) is the largest and the most valuable debt-free company followed by Hindustan Unilever, ITC and Infosys and Maruti Suzuki.

What does debt free company mean?

Generally, companies manage their funding requirements through equity or debt or internally generated cash. … However, often many companies proudly claim that they are debt-free companies which means that either they have zero debt or insignificant amount of debt.

Is Google in debt?

While Netflix has recently announced their decision to raise debt by $2 billion, Google is a company that has very little total debt in comparison to their size. While Google’s decision is considered inefficient by many, Google’s strong cash flow and profit finance the business with retained earnings.

Is ITC a zero debt company?

Company is almost debt free. Stock is providing a good dividend yield of 4.94%.