ServiceNow

Balance sheet quality is excellent with about 9.9 billion dollars of cash, cash equivalents, and investments versus 1.5 billion dollars of 1.40 percent 2030 senior notes. Core operating cash flow is robust and capex is manageable for a company investing in platform scale, data, and AI.

Interest coverage is substantial, and the business has demonstrated positive operating cash flow for more than a decade. This allows continued R&D, tuck‑in M&A, and buybacks while preserving resilience in downturns.