Quick Answer: Is TCS A Debt Free Company?

Is Zero Debt good for a company?

Advantages of debt-free firms During economic slowdown, many a debt-heavy firm’s profits dip owing to falling sales and payment of fixed interest while companies with no debt or less debt need not worry about the same.

Thus, they have low interest rate risk..

Is Wipro a debt free company?

Company is almost debt free.

How much is Google in debt?

Compare GOOG With Other StocksAlphabet Annual Long Term Debt (Millions of US $)2019$4,5542018$4,0122017$3,9692016$3,93511 more rows

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 much is Apple in 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.

Who is the richest person in Apple?

Tim CookTim Cook just officially became a billionaire. Take a look at how the Apple CEO spends his fortune. Apple CEO Tim Cook is officially a billionaire, per calculations by the Bloomberg Billionaires Index. Apple now has a market value of nearly $2 trillion, per Bloomberg.

Is Infosys a debt free company?

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 companies are debt free?

List of Debt-Free S&P 500 Companies 2020Updated:12/03/20201ABMDAbiomed2FTNTFortinet3ISRGIntuitive Surgical4MNSTMonster Beverage2 more rows

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.

Is Wipro a good buy?

Equity99 has given a buy rating to Wipro with a target price of Rs 586. The share price moved down by 0.25 per cent from its previous close of Rs 345.20. The stock’s last traded price is Rs 344.35.

Which are the debt free companies in India?

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…•

How much debt is Amazon 2020?

Based on Amazon.com’s financial statement as of May 1, 2020, long-term debt is at $23.44 billion and current debt is at $1.31 billion, amounting to $24.75 billion in total debt. Adjusted for $27.20 billion in cash-equivalents, the company’s net debt is at $-2.45 billion.

Is Ashok Leyland debt free?

Commercial vehicle manufacturer Ashok Leyland Ltd. is expected to be a debt-free company in two years’ time, as it expects a pick-up in volumes from the third quarter of FY21, a top company executive said. … ALL had a net debt of ₹2,000 crore during March 2020.

Should I buy ITC shares?

The bulls batting for ITC believe that the stock remains attractive at these low valuations. 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.”