Apple owns 10% of all corporate cash

A Moody’s analysis finds Apple Inc. holds almost 10% of all the corporate cash outside of financial companies, the Wall Street Journal reports.

By Staff | October 2, 2013 | Last updated on October 2, 2013

1 min read

A Moody’s analysis finds Apple Inc. holds almost 10% of all the corporate cash outside of financial companies, the Wall Street Journal reports.

The tech company has $147 billion in cash. All American nonfinancial companies together had $1.48 trillion, the WSJ says.

The money is held by a small number of companies—the 50 richest organizations Moody’s tracked held 62%.

Four technology companies and one drug company owned more than 25% of the money.

Aside from Apple they are Microsoft, Google, Cisco Systems and Pfizer.

The staff of Advisor.ca have been covering news for financial advisors since 1998.

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