Which Are The Debt Free Companies In India?

Is ITC a good long term investment?

ITC has been consistently growing year after year since 2000 till year 2019.

Its Market Value was just 18 thousand crore in year 2000.

Last year 2019, ITC was worth 3.63 lac crore .

The above chart shows its consistent growth for past 19 years..

What is the best oil stock to buy now?

Oil stocks to buy as crude prices plummet:Exxon Mobil Corp. (XOM)Chevron Corp. (CVX)Apache Corp. (APA)Noble Energy (NBL)Devon Energy Corp. (DVN)Marathon Petroleum Corp. (MPC)Phillips 66 (PSX)

How much is Google’s debt?

The Google parent’s holdings of cash and marketable securities, net of debt, topped $117 billion in the most recent quarter, exceeding Apple’s recently reported cash pile of $102 billion, according to the Financial Times, which first reported the shift.

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.

Is it good to have no debt?

Increased Security. When you have no debt, your credit score and other indicators of financial health, such as debt-to-income ratio (DTI), tend to be very good. This can lead to a higher credit score and be useful in other ways.

What companies are debt free?

List Of Debt-Free CompaniesCompany NameTickerComposite RatingPayPalPYPL99Ulta BeautyULTA93PaccarPCAR92Intuitive SurgicalISRG827 more rows•May 13, 2019

Is ITC debt free company?

ITC Ltd – Quantitative Analysis The Company is virtually debt free. Amidst the current lockdown due to COVID-19 pandemic, the debt-free companies have an extra edge over its peers by the investors.

Which company has highest debt?

Top Companies in India by Debt – BSESrCompanyDebt1SBI Add to Watchlist Add to Portfolio3556276.382HDFC Bank Add to Watchlist Add to Portfolio1292130.833Bank of Baroda Add to Watchlist Add to Portfolio1039053.744ICICI Bank Add to Watchlist Add to Portfolio

Is Dmart debt free?

Adjusting for depreciation, the retailer made Rs 480-crore cash profit in the quarter. At this rate, the company may have a significant cash balance by the end of FY20, with negligible or no net debt.

How does FB make money?

Key Takeaways. Facebook sells ads on social media websites and mobile applications. Ad sales are the primary source of Facebook’s revenue.

Why is Netflix in debt?

Netflix chooses to finance its business with more debt to optimize its cost of capital. And, frankly, that’s already saying a lot since many businesses don’t know or care to calculate their cost of capital. As mentioned above, content costs make Netflix a high capex business.

Does ITC have debt?

About Total Debt Based on the latest financial disclosure, ITC LTD has a Total Debt of 2.75 B. This is 49.35% lower than that of the Consumer Defensive sector and 85.65% lower than that of the Tobacco industry. The total debt for all India stocks is 48.28% higher than that of the company.

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.

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.

Is L&T debt free?

L&T had a consolidated debt of Rs 1.24 trillion as of March 2019, with the finance cost of Rs 9,354 crore last year. The consolidated debt includes a debt of Rs 91,504 crore of its finance company. … Our standalone debt after reducing cash is not high for the size of the organisation.

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.

How much cash does FB have?

How much cash are the five tech giants holding?CompanyCash, Cash Equivalents, and Marketable Securities (Most Recent Quarter)Growth (Year-Over-Year)Microsoft$137.6 billion5%Alphabet$117.2 billion3%Facebook$60.3 billion33%Amazon$49.3 billion(10%)1 more row•May 4, 2020

What are the top 10 companies in the world?

10 Biggest Companies in the World#1 Walmart Inc. (WMT)#2 China Petroleum & Chemical Corp. (SNP)#3 Amazon.com Inc. (AMZN)#4 PetroChina Co. Ltd. (PTR)#5 Apple Inc. (AAPL)#6 CVS Health Corp. (CVS)#7 Royal Dutch Shell PLC (RDS. A)#8 Berkshire Hathaway Inc. (BRK. A)More items…