Debt free companies - Screener (2024)

FAQs

How to check debt free companies? ›

In order to check if a company is debt-free or not, simply check the company's debt-to-equity ratio. If the ratio is zero, then that means that the company has virtually zero debt. If the company has a debt-to-equity ratio of less than 1, that means debt financing is overall lower than equity financing.

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.

Fannie Mae is the world's largest debtor, carrying $4.232 trillion in debt. U.S. companies make up 60.13% of the $10.8 trillion owed by the top 100 global companies in debt. Toyota holds the title of the world's most indebted company outside the financial industries, with a debt of $221.13 billion.

How Much Debt Does GAIL (India) Carry? As you can see below, at the end of March 2024, GAIL (India) had ₹186.1b of debt, up from ₹162.7b a year ago. Click the image for more detail. However, because it has a cash reserve of ₹17.1b, its net debt is less, at about ₹169.0b.

Other than the above, Astrazeneca, Gland Pharma, Glaxo Pharma, Ajanta Pharma, Sanofi, Procter and Gamble Health are all debt free pharma firms with zero debt.

Deals done on a cash-free debt-free basis are most common for private companies that get acquired by buyers such as private equity firms and large, public companies.

Who owns most US debt? ›

Investors in Japan and China hold significant shares of U.S. public debt. Together, as of December 2023, they accounted for nearly $2 trillion, or about 7 percent of DHBP. While China's holdings of U.S. debt have declined over the past decade, Japan's purchases of U.S. Treasury securities remain comparable.

The United States has the world's highest national debt at $31.4 trillion. Global debt currently stands at $305 trillion, $45 trillion higher than before the COVID-19 pandemic, according to the Institute of International Finance (IIF) – a global association of the financial industry.

If a company does not have any debt on its balance sheet, it is said to be a debt-free stock. Investors have a liking for debt free stocks as they have the ability to tide over higher interest rate environments.

Total debt on the balance sheet as of June 2024 : $101.30 B

According to Apple's latest financial reports the company's total debt is $101.30 B. A company's total debt is the sum of all current and non-current debts.

However, one thing is clear: Companies operating with minimal or no debt offer compelling case studies in financial management. They demonstrate that it's possible to grow and thrive without leaning on borrowed capital, as long as the business model allows for it.

How do I know what in a company's financial statement is debt and what is not? Read the balance sheet and notes. All the information you need is there. If you can't follow the information given then, frankly, you simply do not have enough understanding of financial accounts for it to make sense to you.

You can get your free credit report from Annual Credit Report. That is the only free place to get your report. You can get it online: AnnualCreditReport.com, or by phone: 1-877-322-8228.

The simplest way is to check your credit reports. Within your reports, you'll find information on your unpaid accounts along with the name and contact information for the company who owns them.

The debt service coverage ratio (DSCR) compares a company's operating income with its upcoming debt obligations. The DSCR is calculated by dividing net operating income by total debt service. Total debt service includes interest and principal on a company's lease, interest, principal, and sinking fund payments.