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Savvy corporations are keeping their powder dry …

Corporate cash has been piling up.

3,000 non-financial firms have $1.641 trillion dollars in cash and equivalents.

More important, the 500 largest non-financial firms have $1.8 trillions dollars in cash.

  • The top 50 firms account for over half of this dollar amount, accounting for $823.642 billion dollars.
  • The top 20 firms, ranging from Berkshire to United Health Group account for most of this — $635.386 billion dollars.
  • Berkshire & GE have almost 15% of the cash …

 

Source: Corporate Cash: Top 20 Firms = $635 Billion,   By Barry Ritholtz , July 12th, 2010
http://www.ritholtz.com/blog/2010/07/corporate-cash-top-20-firms-635-billion/

Thanks to Tags for feeding the lead.

This entry was posted on July 14, 2010 at 6:29 am and is filed under Financial Crisis. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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