Top 10 Companies with Zero Debt

2. Mastercard (MA)
Cash & ST investments: $5.18 billion, Total assets: $11.13 billion
Cash as percentage of assets: 46.5 percent

Mastercard is headquartered in New York, United States. It is a financial service provider which functions across the entire globe. However, its main function is the processing of payments among the various card issuing banks.

A number of smaller banks amalgamated to challenge the cards, issued by Bank of America. This amalgamation resulted in Interbank/Master Charge.

1. Expeditors International of Washington (EXPD)
Cash & ST investments: $1.43 billion, Total assets: $3.01 billion
Cash as percentage of assets: 47.6 percent

Expeditors International of Washington tops this list with 47.6 percent of assets. It is a logistics and bulk forwarding company that operates globally, founded in 1979. It has its headquarter in Seattle, Washington.

It became a public company in 1984 and the overall revenues by the end of its first year were very impressive. It was estimated to have a collection of $2.1 million.

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