Broadcom

The balance sheet has become stretched by acquisitions: as of late 2024, long-term debt was about $66.3B against $9.3B cash. Operating cash flow remains very strong ($19.96B in 2024), so interest (only ~$3.25B paid) is well covered (over 6×).

In a downturn, the high leverage could limit flexibility, but the company has plenty of liquidity and healthy coverage ratios today. In sum, it is robust but not extremely conservative.