A lot of companies actually have astonishingly low debt levels and still others have no debt at all. Even with no debt on their balance sheets, these S&P 500 companies have been able to go about making acquisitions and investing in their businesses to increase growth in the future. There are actually 22 companies that are completely debt-free according to the most recent quarterly filings.
Let’s take a look at some of these companies that are not only debt free, but cash rich as well. Additionally, the ones I am going to point out are pretty well known.
I want to start by informing you that one of the largest financial services companies that issue credit cards, MasterCard, actually is one of these companies that have zero debt. The global investment management firm T Rowe Price Group is also among these firms that have no debt. Other notable companies with $0 debt are LSI Corp and C.H. Robinson Worldwide.
