What’s that about the economy being bad? With the recent report from Moody’s Investors Service, it looks like some people are definitely feeling good. According to the report, US firms – not including those who are in the finance industry – have broken a record with what their balance sheets are showing. $1.6 trillion. TRILLION! Can you even imagine how much money that is?
This record-breaking figure is 12 percent more than the previous high, which was recorded in 2012.
And, perhaps not surprisingly, our favorite tech company is at the lead. Here are the top companies contributing to this mind-boggling sum:
- Apple Inc.
- Microsoft Corp.
- Google Inc.
- Verizon Communications Inc.
Aside from the obvious – the more cash you have, the better – there are many positive results of stockpiling cash for these companies. For one, their shareholders are kept rather happy (and quiet). Additionally, with more cash in their balance sheets, companies have stronger credit rating.
In spite of analysts saying that Apple is not going anywhere – at least not up, the report of Moody’s Investors Service does show that the company is doing rather well, don’t you think? Also, numbers show that Apple’s cash has ballooned from $5.46 billion (in 2004) to $158.8 billion. I suppose you really can’t complain about that, can you?
If you’re curious as to where Apple’s money comes from (aside from yours and my bank accounts), take a look at this Apple Revenue Chart.