Wednesday, October 9, 2019
U.S. firms with Sales in China through 2018.

Wednesday, October 9, 2019
Tracking  Pension Data in Calcbench

Friday, October 4, 2019
In Depth: Leasing Costs in Retail Sector

Thursday, September 19, 2019
Alibaba and Cloud Computing

Monday, September 16, 2019
Introducing Critical Audit Matters

Wednesday, September 11, 2019
Our Fireside Chat on Goodwill Assets

Friday, September 6, 2019
Pulling Forward Share Buybacks

Saturday, August 31, 2019
A Quick Catch-Up on VMWare

Friday, August 23, 2019
By the Numbers: Restructuring Costs Over Time

Wednesday, August 21, 2019
WeWork Liabilities, Part II

Tuesday, August 20, 2019
WeWork’s Liabilities in Perspective

Wednesday, August 14, 2019
Comparing LinkedIn, Twitter Revenue

Wednesday, August 7, 2019
Leasing’s Effect on Retail Balance Sheets

Thursday, August 1, 2019
Using Calcbench to Find China Exposure

Tuesday, July 30, 2019
Leasing Details: The Comcast Example

Monday, July 29, 2019
Easy Fundamental Equity Analysis in Python

Monday, July 22, 2019
Calcbench Data and Tax Reform Insight

Wednesday, July 17, 2019
Downshifting in the Trucking World

Tuesday, July 16, 2019
New Report: Adoption of New Lease Accounting Standard

Friday, July 5, 2019
More Consequences of Lease Accounting

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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