CNBC recently compiled a list of 15 debt-free companies with quite a bit of money under their belts. They boast an outstanding history of maintaining low debt levels or no debt at all. Instead, they hoard cash to pay for daily operations, to fund investments, and invest in future growth.
Check out the list below to see which companies are best at keeping some highly liquid assets on hand in order to make acquisitions and stay on top.
Intuitive Surgical (ISRG)
Total debt: $0
Cash & ST investments: $917 million
Total assets: $3.33 billion
Cash as % of assets: 29.13%
1-year stock performance: 52%
Apple (AAPL)
Total debt: $0
Cash & ST investments: $28.5 billion
Total assets: $150.9 billion
Cash as % of assets: 18.9%
1-year stock performance: 62%
Forest Laboratories (FRX)
Total debt: $0
Cash & ST investments: $2.43 billion
Total assets: $7.49 billion
Cash as % of assets: 32.4%
1-year stock performance: -6%
Red Hat (RHT)
Total debt: $0
Cash & ST investments: $819 million
Total assets: $2.49 billion
Cash as % of assets: 33%
1-year stock performance: 25%
Cognizant Tech (CTSH)
Total debt: $0
Cash & ST investments: $2.49 billion
Total assets: $5.67 billion
Cash as % of assets: 44%
1-year stock performance: -18%
Amazon.com (AMZN)
Total debt: $0
Cash & ST investments: $5,715 million
Total assets: $20.34 billion
Cash as % of assets: 28.1%
1-year stock performance: 3%
Autodesk (ADSK)
Total debt: $0
Cash & ST investments: $1.51 billion
Total assets: $3.32 billion
Cash as % of assets: 45.6%
1-year stock performance: -9%
Mastercard (MA)
Total debt: $0
Cash & ST investments: $5.18 million
Total assets: $11.13 billion
Cash as % of assets: 46.5%
1-year stock performance: 42%
Expeditors Int'l Washington (EXPD)
Total debt: $0
Cash & ST investments: $1.43 billion
Total assets: $3.01 billion
Cash as % of assets: 47.6%
1-year stock performance: -21%
American Express (AXP)
Total debt: $0
Cash & ST investments: $28.15 billion
Total assets: $151.8 billion
Cash as % of assets: 18.5%
1-year stock performance: +14%
Citrix Systems (CTXS)
Total debt: $0
Cash & ST investments: $867 million
Total assets: $4.15 billion
Cash as % of assets: 20.9%
1-year stock performance: +8%
LSI Corp. (LSI)
Total debt: $0
Cash & ST investments: $623 million
Total assets: $2.37 billion
Cash as % of assets: 26.3%
1-year stock performance: -9%
F5 Networks (FFIV)
Total debt: $0
Cash & ST investments: $490 million
Total assets: $1.76 billion
Cash as % of assets: 27.8%
1-year stock performance: -12%
Bed Bath and Beyond (BBBY)
Total debt: $0
Cash & ST investments: $1.69 billion
Total assets: $5.82 billion
Cash as % of assets: 29.0%
1-year stock performance: +5%
T Rowe Price Group (TROW)
Total debt: $0
Cash & ST investments: $1.19 billion
Total assets: $4.08 billion
Cash as % of assets: 29.1%
1-year stock performance: +10%
*List was generated using data from Capital IQ which reviewed information from the most recent quarterly statements.
No comments:
Post a Comment