How the world's richest nation and the most valuable tech company stack up
Unless the debt ceiling is raised by Tuesday Aug. 2, the White House keeps reminding us, the U.S. government will no longer be able to pay its bills.
But the U.S. Treasury is already running low. Its closing balance as of Wednesday, July 27, was $73.768 billion.
To put that in perspective, Apple (AAPL) most recent earning statement shows that it was MOREPhilip Elmer-DeWitt - Jul 29, 2011 6:38 AM ET
Apple's $76 billion cash stockpile is burning a hole in Wall Street's pockets
It happens every quarter. Apple (AAPL) reports blowout sales and earnings. Its holdings in cash and marketable securities swell by billions of dollars -- by $10.7 billion, to be specific, in the past 90 days. And analysts come out of the woodwork to demand that the company spend some of those billions buying back shares or issuing dividends MOREPhilip Elmer-DeWitt - Jul 21, 2011 2:22 PM ET
The company finished fiscal Q2 with $65.8 billion in cash and marketable securities
Asymco's Horace Dediu, who is a master at these things, has charted Apple's (AAPL) growing cash hoard and offered some comparisons to put it in perspective. I quote:
The funds are big enough to place Apple's CFO office in the top 100 largest fund managers in the world and larger than any hedge fund manager.
Cash growth in one quarter MORE
Two days before Apple's (AAPL) annual meeting -- the first in more than a decade that Steve Jobs won't attend -- Financial Alchemist's Turley Muller offers beleaguered shareholders a statistic that should provide some comfort:
Apple's cash holdings have grown at an annual rate of 50% (year-to-year) or more every quarter for the past two years. (link)
"Cash flow, not earnings, best reflects a firm's investment prospects," writes Muller in a post MOREPhilip Elmer-DeWitt - Feb 23, 2009 2:31 PM ET
Here's a headache most companies would love to have.
Apple is sitting on a huge cash reserve -- $24.5 billion as of September and growing at the rate of $8 to $10 billion a year -- that's doing almost nothing for it.
The money is earning about $1.55% interest after taxes, according to a report issued Wednesday by Bernstein Research's Toni Sacconaghi, at a time when the company's stock is trading at MOREPhilip Elmer-DeWitt - Oct 29, 2008 12:13 PM ET
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