Companies That Are Debt-Free
What do the following companies have in common?
- Apple (AAPL)
- Fastenal (FAST)
- Panera Bread Corp (PNRA)
- Texas Instruments (TXN)
- Bed Bath & Beyond (BBBY)
Besides being TOTALLY UNRELATED organizations, they are all 100-percent DEBT-FREE! Google was 100-percent debt-free until 2010 and Microsoft was 100-percent debt-free until 2009. Each company possesses more than enough cash to eliminate the debt without any financial margin issues.
Take a good look around at America’s businesses – they are almost ALL carrying some debt.
How do these companies become debt free?