Debt is a very important factor to check while investing in any company.
While zero debt on a company validates its financial health, on the other hand, a heavy debt on the company can be taken as a sign to stay away from it. Huge debt restricts a company from expanding and decreases profits.
A low debt company can enjoy higher profit margin and higher solvency. On the contrary, high debt companies have to pay high interests and hence have a higher cost of capital.
Here is the list of top debt-free companies in India: