Top 10 Companies with Zero Debt

6. Forest Laboratories (FRX)
Cash & ST investments: $2.43 billion, Total assets: $7.49 billion
Cash as percentage of assets: 32.4 percent

Forest Laboratories in one of the top spending pharmaceutical companies in the world; in terms of R&D spending. It was established in 1954 and has it’s headquarter in New York City, U.S.

In the year 2007, its estimated expenditure on R&D was $1 billion which was the highest by any pharmaceutical companies. This expenditure brought the company into the list of ‘Top 100 Global Corporations in R&D Spending’.

5. Red Hat (RHT)
Cash & ST investments: $819 million, Total assets: $2.49 billion
Cash as percentage of assets: 33 percent

Red Hat is a provider of open-source software products. It was founded in 1993 and has its headquarter in Raleigh, North Carolina. It has satellite offices worldwide.

After acquiring open-source enterprise middleware vendor JBoss, Red Hat’s function with enterprise operating system has increased to much extent. It provides operating system platforms, applications, middleware, management products, etc. Along with all these, it also provides consulting services.

Also Read:
10 Employees Who Purchased the Companies, They Worked For
5 Best Bank Accounts for Indian Women