Quick Answer: Which Company Is Debt Free?

Is Jio debt free?

RIL raised more than Rs 168,818 crore in just 58 days through Rs 115,693.95 crore collected from investors in Jio and another Rs 53,124.20 crore from a rights issue.

“Our net-debt was Rs 161,035 crore, as on March 31, 2020.

With these investments, RIL has become net debt-free.”.

Is ITC undervalued?

Paras Bothra, President of Equity Research, Ashika Stock Broking, told Business Insider that “ITC looks to be undervalued from a valuation perspective, and hence it is a good value Buy.”

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

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 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.

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 ITC a zero debt company?

Company is almost debt free. Stock is providing a good dividend yield of 5.48%.

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 is Tesla’s 2020 debt?

According to the Tesla’s most recent financial statement as reported on July 28, 2020, total debt is at $14.10 billion, with $10.42 billion in long-term debt and $3.68 billion in current debt. Adjusting for $8.62 billion in cash-equivalents, the company has a net debt of $5.48 billion.

Which company has highest debt?

AT&T is no longer just a phone company. After the purchase in 2015 of Direct TV and the acquisition of Time Warner in 2018, the telecommunications giant was left with a net debt in the neighborhood of $180 billion and the not-so-coveted title of most indebted company in the world.

Which is the safest share to buy?

If you want a completely safe investment with essentially no chance that you’ll lose money, Treasury securities or CDs may be your best bet….Seven safe stocks to considerBerkshire Hathaway. … The Walt Disney Company. … Vanguard High-Dividend Yield ETF. … Procter & Gamble. … Vanguard Real Estate Index Fund. … Starbucks. … Apple.

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 does Apple borrow money?

Apple is borrowing money rather than using its cash reserves, says the paper, because it can earn more than it’s paying in interest. … Apple is currently absorbing the cost of these, which will reduce its margins and earnings.

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.

Should I buy HUL shares?

Another research and brokerage firm Edelweiss has recommended to ‘buy’ the stock with a target price of Rs 2,550, an upside of nearly 14 per cent. “We expect HUL to be key beneficiary of the rural demand recovery. … The brokerage firm recommended to ‘hold’ the stock with a price target of Rs 2,300.

How rich is Samsung?

Lee Kun-hee is the most well-known and influential person in South Korea. He is the third-generation chairman of the Samsung Group, a massive company that represents more than 20% of the entire Korean economy. Samsung posted record revenue of $218 billion and a net profit of approximately $50 billion in 2018.

What companies are debt free?

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

Which Indian companies are debt free?

Top Debt Free Companies in India 2020Hindustan 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 Nestle debt free?

We note that Nestlé India Limited (NSE:NESTLEIND) does have debt on its balance sheet.

How much debt does Tata Motors have?

Tata Motors has total net automotive debt of Rs 48,200 crore, including Rs 5,900 crore of leases. The company sees the current debt level as unsustainable but is yet to fix a specific target on debt reduction, a process the automaker believes is a continuous exercise in enhancing financial efficiency.

Does FB have debt?

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.