So how long do you think it’s possible for you to go without debt in this economically challenged market? Well, one way to make sure that you never go bankrupt is to invest with companies that have no debt.
Now, looking at just the company balance sheet may not be enough, you need to look at cash position, stock-performance, cash-flow over the last few years, revenue, net income and dividend yield. And if you are wondering how these companies might be staying afloat even during the direst economic conditions, the answer might be debt consolidation loans. Debt consolidation meaningis that they have refinanced their debts and loans under one lump sum loan.
A consolidation loan is a viable option for those looking to turn their finances around. Under debt consolidation, you can combine all your credit card loans, small personal loans and other commercial/home/automobile loans to get easier installments with lower rates of interest.
If you are looking to make some secure investments with the money you save, here’s a list of 10 different tech companies that are currently running on zero-debt:
1. Citrix Systems (CTXS)
This is one company to look out for when you want to invest your hard earned money. Its total assets approach $4.15 billion and cash as percentage of assets as a solid 20.9% as of 2016. Their last year stock performance is around +8%.
2. F5 Networks
This tech company has total $0 debt and a whopping $490 million in investment. At the moment F5 Networks total assets are valued at $1.76 billion and it also hold around 28% of its assets as cash.
3. Infosys (INFY)
This is one of the leading tech companies that sell IT consulting services. In the last 12 months its stock value has risen by 56% and sells for a strict price to projected ratio of 20. At the moment, Infosys has about $3.5 billion in cash and their revenues have jumped about 16% to a whopping $1.3 billion in the last quarter.
4. Cognizant Technology Solutions (CTSH)
This is another leading IT consulting and outsourcing service whose first quarter profit rose 34% to an incredible $152 million. Their operating margin has remained a steady 19% over the last quarter and their balance sheet holds around $1.4 billion cash.
So who doesn’t know about Google? It is known as the company that manages the world’s largest search engine and has the highest turnout among all tech companies of the day. It has advanced 12% in the last year and currently has $27 billion of cash as per the GOOG balance sheet.
6. Apple (AAPL)
Apple is the leading seller of consumer electronics in the west and currently shows about $23 billion in cash and $19 billion in marketable securities. Their stock prices have been up by at least 78% in the last year setting a new benchmark in the US stock market. If you are big on investing, this is one company you should definitely check out.
7. Fitbit Inc (FIT)
This is a steadily growing consumer electronics brand that has its special focus on customer health. As of now, it has $664.48 in cash and a steady source of revenue. Although it has no operating cash flow details available and its stock prices have been down by over 50% in the last couple of years, it has managed to steer clear of any business debt.
8. Intuitive Surgical (ISRG)
This medical technology company is the father of the da Vinci Surgical System. Besides coming up with futuristic surgical solutions, they are committed to developing robotics assisted techs, tools and services for medical research. Their stock prices have been soaring in the last quarter (+52%). Their cash and ST investments are valued at around $917 million and their total assets are worth $3.33 billion.
9. Forest Laboratories (FRX)
Their total debt is $0 to begin with and their net investment is around $2.43 million. In the last year their stock prices have been down by a menial 6%, but that has not sent the company plummeting into debt. Their total assets are valued around $7.49 billion and their balance sheet shows around 32.4% of cash as assets.
10. Red Hat (RHT)
Their total investment is around $819 million and their total assets are currently valued at around $2.49 billion. In the last year their stock prices have been quite steady and rewarding.
Stock market and business investments can be quite daunting for the first timers. The key is to pay close attention to the stock market prices and the trends of the company shares. If you are simply too confused to make a decision, give a call to your investment banker and let him handle your money for you!