Apple Has More Cash On Hand Than All These Countries

As such, companies have spent much of the economic recovery building up their balance sheets with mountains of cash.

"Amid a world of uncertainty, one thing is without question: Most U.S. corporations have plenty of capital at their disposal," said U.S. Trust's Joseph Quinlan. "Indeed, capital is in abundance among America's largest nonfinancial companies, with Moody's noting that U.S. firms were sitting on some $1.6 trillion in cash at the end of 2013, a 12% increase from a year ago. The latest figure is nearly double the level of 2008, signaling the extent by which U.S. firms have built out their cash positions over the post-crisis period."

Indeed, the cash piles of some of the biggest corporations rivals those of some of the major economies around the world.

"Putting that number into perspective, the cash hoard of corporate America (e.g., financials) is greater than the total international reserves of Japan, the second-wealthiest nation in the world, with foreign exchange reserves of $1.2 trillion," said Quinlan. "Only China has more cash in the safe-almost $4 trillion."

"As Moody details, the combined cash of Apple, Microsoft, Google, Verizon Communications and Pfizer climbed to $404 billion at the end of last year," he continued. "That figure is up over read more

source: businessinsider.com

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