Top 10 Companies with Zero Debt
Bangalore: Debts play an important role in any company. At the end of any financial year, the companies always look out to have a crystal-clear debt list. However, not every company can achieve a crystal-clear debt list.
CNBC has rated few companies according to their debt list. They have ranked these companies according to their percentage of assets.
Cash & ST investments: $5,715 million, Total assets: $20.34 billion
Cash as percentage of assets: 28.1 percent
Amazon.com is the largest online retailer in the world. It started service under the leadership of Jeff Bezos in 1995. It started business as an online bookstore and over the years, it has spread its wings over electronic products, furniture, toys, apparel, jewelry and many more. It has its headquarter in Seattle, Washington, United States.
Apart from being an e-store, Amazon.com has also established itself as one of the major cloud computing service providers around the globe.
9. Bed Bath and Beyond (BBBY)
Cash & ST investments: $1.69 billion, Total assets: $5.82 billion
Cash as percentage of assets: 29.0 percent
BBBY is a chain of retail stores that sell goods for bedroom, bathroom, kitchen and dining room. It was founded by Warren Eisenberg and Leonard Feinstein in 1971.
Since its foundation, it has one of the most loved retail stores in this category. It has acquired ‘Buybuy BABY’ and ‘Cost Plus World Market’ in 2007 and 2012 respectively.
It’s headquarter is in 650 Liberty Avenue Union, New Jersey.
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