US Non-Financial Companies: Cash Pile Still Growing, at $1.48 Trillion - Moody's Global Credit Research

US Non-Financial Companies: Cash Pile Still Growing, at $1.48 Trillion

8 pages (3235 words) — Published Sep 29, 2013
Price $550.00  |  Buy this Report Now

About This Report

Brief Excerpt:

...held $1.48 trillion in cash as of 30 June 2013, up 2% from the previous record of $1.45 trillion at the end of 2012. We project cash levels will approximate $1.5 trillion by year end 2013. + The top 50 holders of cash account for $921 billion, up 4% from $889 billion in 2012 and up 18% from $784 billion in 2011 (see Exhibit 3 for the top 50 holders of cash). Entry to the top 50 list now requires $4.9 billion of cash, up from $2.9 billion in 2006. + The top five cash kings are Apple, Microsoft, Google, Cisco and Pfizer. These companies hold $379 billion, or 26%, of the total non-financial corporate cash balance. This compares with $347 billion, or 24%, in 2012 and $278 billion, or 21%, in 2011. + Apple's $147 billion of cash accounts for 9.9% of total non-financial corporate cash, up from $137 billion, or 9.5%, at December 2012 and $97 billion, or 8%, in 2011. + The technology sector has the largest cash hoard among industries, with $515 billion, or 56%, of the total. Healthcare/pharmaceuticals...

Report Type:

Special Comment

PDF Adobe Acrobat
Buy Now

Moody's Global Credit Research—Moody's Investors Service, a leading global credit rating, research and risk analysis firm, publishes credit opinions, research, and ratings on fixed-income securities, issuers of securities and other credit obligations. Credit ratings and research help investors analyze the credit risks associated with fixed-income securities. Ratings also create efficiencies in fixed-income markets and similar obligations, such as insurance and derivatives, by providing reliable, credible, and independent assessments of credit risk. For issuers, Moody's services increase market liquidity and may reduce transaction costs.

About the Author

Cite this Report

Moody's Global Credit Research. "US Non-Financial Companies: Cash Pile Still Growing, at $1.48 Trillion" Sep 29, 2013. Alacra Store. Apr 23, 2014. <>
Moody's Global Credit Research. (). US Non-Financial Companies: Cash Pile Still Growing, at $1.48 Trillion Sep 29, 2013. New York, NY: Alacra Store. Retrieved Apr 23, 2014 from <>
$  £  
Have a Question?

Any questions about the report you're considering? Our Customer Service Team can help! Or visit our FAQs.

More Research

Search all our Credit Research from one place.