Which Indian company is debt free?

debt free companies

Is Castrol debt free?

Debt to Equity History and Analysis Debt Level: 500870 is debt free. Reducing Debt: 500870 had no debt 5 years ago. Debt Coverage: 500870 has no debt, therefore it does not need to be covered by operating cash flow.

Is TCS a debt free company?

A few of the top debt free companies in India are TCS, Infosys, Maruti Suzuki, ITC, Hero motocorp, Titan company, etc.

Is Bel a debt free company?

BEL is a debt-free company which is a very important attribute in fundamental investing. BEL has consistently declared dividends over the last few years. For the year ending March 2020, BEL had declared a dividend of Rs 2.8 per share. In terms of the current market price of Rs 116.65, the dividend yield of BEL is 2.4%.

What companies are debt free?

Here are 7 companies with no debt you need to know about:

• Intuitive Surgical (NASDAQ:ISRG)
• Pinterest (NYSE:PINS)
• Monster Beverage (NASDAQ:MNST)
• DraftKings (NASDAQ:DKNG)
• Lululemon Athletica (NASDAQ:LULU)
• Progyny (NASDAQ:PGNY)
• Fastly (NYSE:FSLY)

Is Tata debt free?

Tata Motors, announced at last year’s AGM, its aim to become a debt-free company within three years. “The company declared a goal to become a zero-debt company by FY24.

Is Sun Pharma debt Free?

Debt Level: SUNPHARMA’s debt to equity ratio (6.8%) is considered satisfactory. Reducing Debt: SUNPHARMA’s debt to equity ratio has reduced from 23.2% to 6.8% over the past 5 years. Debt Coverage: SUNPHARMA’s debt is well covered by operating cash flow (184.6%).

Why is Infosys not in debt?

Infosys is a debt-free company. It doesn’t have any outstanding debt or fixed deposits. The company presently generates sufficient cash internally to finance all its operational, financing and investment requirements.

What is virtually debt free?

What is meant by “virtually debt free” company? Company has cash reserves in excess of the loans it has taken. Such comes are called virtually debt free because they can offset their cash reserves with outstanding loan at any point of time.

Is Facebook debt Free?

Social-media giant Facebook doesn’t have any long-term debt on its books. The business has current assets of more than $77 billion that could easily cover all of its liabilities, which total $30 billion.

Does Google have any debt?

A value under 100% is good. As of the end of the 2019 fiscal year, Google’s D/E ratio was 0.08, indicating an extremely low debt load compared to its equity. In fact, over the 15-year period from 2005-2020, Google’s D/E ratio has never risen above 10%.

Is Tata under debt?

At the 75th AGM, Chandrasekaran declared that Tata Motors would become a zero debt company in the ensuing three years, which was warmly welcomed by the investors.

Are there any debt free companies in India?

NEW DELHI: The fate of debt-ridden companies going through insolvency proceedings at the National Company Law Tribunal (NCLT) has been well-documented. But the glimmer of hope is there remains a handful of debt-free firms where promoters have high stakes with no pledged shares that are adding to shareholders’ wealth.

What makes a company a debt free company?

If a company has zero debt on its balance sheet, then it is known as a debt-free company. Debt plays an important role in the present performance and future growth of any company.

Are there any debt free stocks in the market?

But the glimmer of hope is there remains a handful of debt-free firms where promoters have high stakes with no pledged shares that are adding to shareholders’ wealth. Some of them have even big fund houses and marquee investors.

Which is the best stock to invest in BSE?

Surprisingly, only 62 companies make the cut from the entire BSE universe. Out of these, 33 have given positive returns during this fiscal, so far, and among them, 10 stocks have given more than 50% return. Insurance and asset management companies dominate the list of the 10 stocks.