Debt free companies are those who have no debt or low debt and the company is having ample cash to run the company. Classic examples are those of Infosys, which has a huge cash pile.

Debt free companies can be a good bet when there is a economic slowdown which in turn leads to slowing of the demand and rising the interest rates which cost to the company.

The one good thing about them is that they can sustain their businesses well, especially when interest rates in the economy remain elevated.

While on the other hand debt ridden companies erode their profit during the slowdown as interest on loans can see severe impact on net porfits.

Usually, debt free companies are cash rich and they are not interested to raise funds from the market to manage their company.

Debt free or low debt companies need not keep the cash aside to meet the cost of capital, which high debt companies have to mandatorily set aside.

Debt free companies can enjoy interest income from bank deposits, which is added on to their reserves.

Here are 10 debt free companies if you are looking for debt free companies to invest in.