What was once a relatively debt-free company is now a highly leveraged one.

In 2004 it became a 100% debt-free company.

The Web site says Save the World Air is "a debt-free company dedicated to the future of our children."

Under the terms of the deal, DaimlerChrysler will transfer Chrysler to Cerberus as a debt-free company.

Compunetix is a financially stable, debt-free company that invests approximately 20% of its annual profits in Research and Development.

"We are basically a debt-free company and very profitable, so banks are anxious to participate," he said.

NTC had made a turnaround within a short span to emerge as a debt-free company with a highly competitive revival strategy.

"I believe that debt-free companies will have the greatest opportunities in the 1990's," Mr. Reichmann said.

While many boatbuilding companies are corporately owned and carry a lot of debt, a combination that can create a stranglehold, we're fundamentally a debt-free company.

"The debt-free company can iron out its problems and get back in the growth mode," Mr. Perritt said.