What Is A Debt Free Company?

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 companies are debt free?

Top Debt Free Companies in IndiaHindustan Unilever.HDFC Life Insurance.SBI Life Insurance.ICICI Prudential Life Insurance.HDFC AMC.Bajaj Holdings & Investment Limited (BHIL)SKF India.Maharashtra Scooters.More items…•

Is ITC a zero debt company?

Few of the debt free companies in India are Maruti Suzuki, ITC, Hero motocorp, Titan company etc.

Is Facebook Debt Free?

The good news for investors is that Facebook has no debt. It has been operating its business with zero debt and utilising only its equity capital. Investors’ risk associated with debt is virtually non-existent with FB, and the company has plenty of headroom and ability to raise debt should it need to in the future.

Does Google have any 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.

Should I buy Heg shares?

Good news, investors! HEG is still a bargain right now. … I find that HEG’s ratio of 1.55x is below its peer average of 12.44x, which suggests the stock is undervalued compared to the Electrical industry. Although, there may be another chance to buy again in the future.

Is Zero Debt good for a company?

On the other hand, companies with low or zero debt are in a much better shape in such a scenario. As the cash outflow through interest payment is not much, these firms are able to keep their costs to a minimum. They also have little exposure to interest rate risk as they are insulated from any rise in borrowing costs.

Is Heg a debt free company?

HEG has shrunken its total debt levels in the last twelve months, from ₹6.8b to ₹3.0b . … Additionally, HEG has produced ₹5.9b in operating cash flow during the same period of time, resulting in an operating cash to total debt ratio of 197%, indicating that HEG’s debt is appropriately covered by operating cash.

How much is Apple’s debt?

Based on Apple’s balance sheet as of May 1, 2020, long-term debt is at $89.09 billion and current debt is at $20.42 billion, amounting to $109.51 billion in total debt. Adjusted for $40.17 billion in cash-equivalents, the company’s net debt is at $69.33 billion.