How does Facebook have no debt?
Social-media giant Facebook doesn’t have any long-term debt on its books. … Over the past four quarters, Facebook’s free cash flow has totaled more than $24 billion. Its cash position is strong enough that it’s been able to repurchase $9 billion worth of shares during that time.
How much debt does FB have?
Compare FB With Other Stocks
|Meta Platforms Debt/Equity Ratio Historical Data|
|Date||Long Term Debt||Debt to Equity Ratio|
Why Facebook has a lot of cash?
Facebook makes a lot of money
Because of its massive user base, the company makes a lot of money from serving ads. In 2019, Facebook’s revenue was $70.7 billion US dollars, an increase of 27% from $55.8 billion in 2018. … They also own WhatsApp and Facebook Messenger, but these apps don’t drive a lot of ad revenue yet.
Does Facebook have long term debt?
Long term debt can be defined as the sum of all long term debt fields.
Compare FB With Other Stocks.
|Facebook Quarterly Long Term Debt (Millions of US $)|