S&P 500’s Richest Companies
By Daniel at 16 February, 2009, 8:47 pm
--------------------------------------------------------------------------------------
--------------------------------------------------------------------------------------
| Company | Total Cash and equivalents |
| Exxon Mobil Corp Cisco Systems Pfizer Inc. Apple Inc. Microsoft Corp. General Motors Google Inc. Johnson & Johnson Wyeth Ford Motor Co. IBM Corp. General Electric* Intel Corp. Oracle Corp. Verizon Inc. Hewlett-Packard |
$38.4 billion $29.5 billion $26.0 billion $25.6 billion $20.7 billion $16.2 billion $15.9 billion $14.8 billion $14.2 billion $13.4 billion $12.9 billion $12.3 billion $11.8 billion $10.6 billion $10.3 billion $10.2 billion |
| * Excludes cash from financing business. Data: FactSet Research
|
|
According to Bernstein, the percentage of high-tech companies with “negative net debt,” which means more cash than debt, is above 70%.
“A cash buildup is sort of a consequence of the type of business these companies are in,” said Robert Zagunis, portfolio manager and principal at Jensen Investment Management, which focuses heavily on balance-sheet metrics for its portfolio. “In tech, the corporate needs for cash are small relative to how much they generate.”
Large cash hoards typically raise this question: What do the companies’ plan to do with it?
--------------------------------------------------------------------------------------
--------------------------------------------------------------------------------------
Related Posts:
Categories :
Market Outlook
No comments yet.