Low or zero long-term debt: We all live our lives in the hope of not having to pay off our home mortgage. Companies are no different. Long-term debt is money that companies borrowed that needs to be paid back in more than one year and could be due in as much as 30 years. Companies with balance sheets that are not saddled with debt are among my favorite kind to invest in.
For the reasons that I mentioned above, some of my favorite balance sheets belong to Apple (AAPL), Google (GOOG) and Microsoft (MSFT):| Recent Quarterly Balance Sheet Data (Q1 '07, amounts in millions of US dollars) |
|||||||
| Cash | Short Term Investments* |
Long Term Debt |
|||||
| Apple (AAPL) |
7,095.00 | 5,482.00 | 0 | ||||
| Google (GOOG) |
4,081.34 | 7,854.58 | 0 | ||||
| Microsoft (MSFT) |
7,611.00 | 20,625.00 | 0 | ||||
| Source: TheStreet.com Quotes Section *Displayed as "Marketable Securities" |
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| Dow Jones | S&P 500 | NASDAQ | 10-Year Note | |
|---|---|---|---|---|
| 10,741.98 | 1,159.90 | 2,374.41 | 36.87 |
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