Tuesday, January 8, 2019
A Look at Climate Change Disclosures

Wednesday, January 2, 2019
Quants: Point-in-Time Data for Backtesting

Friday, December 28, 2018
Now Showing: Controls & Procedures

Thursday, December 27, 2018
A Reminder on Non-GAAP Reporting Rules

Monday, December 17, 2018
Researching PG&E’s Wildfire Risk

Wednesday, December 12, 2018
Tracking Brexit Disclosures

Thursday, December 6, 2018
Campbell Soup: Looking Behind the Label

Sunday, December 2, 2018
SEC Comment Letters: The Amazon Example

Wednesday, November 28, 2018
Measuring Big Pharma’s Chemical Dependency

Monday, November 26, 2018
Analysts, Can You Relate? A True Story

Monday, November 19, 2018
Digging Up Historical Trend Data: Quest Example

Sunday, November 11, 2018
Cost of Revenue, SG&A: Q3 Update

Monday, November 5, 2018
Lease Accounting: FedEx vs. UPS

Saturday, November 3, 2018
New Email Alerting Powers

Wednesday, October 31, 2018
PTC and Two Tales of Revenue

Tuesday, October 30, 2018
10-K/Q Section Text Change Detection

Sunday, October 28, 2018
Finding Purchase Price Allocation

Sunday, October 21, 2018
Charting Netflix Growth in Three Ways

Wednesday, October 17, 2018
Interesting Data on Interest Income

Thursday, October 11, 2018
The Decline of Sears in Three Charts

Archive  |  Search:
Corporate Cash
Monday, January 25, 2016

Over the weekend, the New York Times Magazine published an article entitled ‘Why Are Corporations Hoarding Trillions?’ by Adam Davidson.

At Calcbench, we knew that the number was correct. We also know that there are subtleties that make cash balances at the corporate level difficult to ascertain and compare on an apples to apples basis. For example, some (or most) of a firm’s cash may be held overseas, and it may be difficult to repatriate. Perhaps, the firm has no intention of bringing any foreign cash back to the US and wishes to boost its international operations.

We aren’t here to politicize a trend. But, what we can do is to measure, measure and measure again. We give our customers the ability to do the same.

For each quarter going back to the first quarter of 2012, we took the non-financial firms in the S&P500 and got their cash and cash equivalents. We added their short term investments to that. The results are aggregated in the graph below. All of this was done using our tools on Calcbench. You can do the same.

As you see, the levels of cash are steadily rising.  We count over 1.6 Trillion dollars at the end of Q3 2015.  There are 409 non-financial firms in our sample which leads to an average position just short of $4 Billion per firm ($ 3.93 Billion).  At the beginning of 2012, the same figure was $2.3 Billion per firm! This represents an increase of over 70% per firm!  

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