5 Best Debt Free Stocks to Buy

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In this article, we discuss 5 best debt free stocks to buy. If you want to see more best debt free stocks to buy, the risk/reward, and methodology of this list, go directly to 11 Best Debt Free Stocks to Buy.

5. ASML Holding N.V. (NASDAQ:ASML)

Number of Hedge Fund Holders: 59

ASML Holding N.V. (NASDAQ:ASML) ranks #5 on our list of 11 Best Debt Free Stocks to Buy given 59 hedge funds in our database owned shares of the leading semiconductor equipment producer at the end of Q4. In terms of its balance sheet, ASML Holding N.V. (NASDAQ:ASML) has a debt to equity ratio of 0 according to FINVIZ.com and the company ended fourth quarter 2022 with cash, cash equivalents and short-term investments of €7.4 billion. At the end of 2022, ASML Holding N.V. (NASDAQ:ASML) had a backlog of €40.4 billion, an increase of 67% versus the end of 2021, giving the company substantial business in the future.

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